From: Cluses in Savoie
Lives: Paris, near Champs-élysées Family: Married to Dominique with three children
Career: 1995 chief financial officer Societe Generale, 1999 executive committee Credit Lyonnais, 2003 deputy chief executive Credit Agricole CIB, 2007 chief executive Credit Agricole Asset Management
Hobbies: football, cycling, contemporary history and Georges Lautner films world, a single investing system is much more important than individual fund managers with their egos and theories.
Perrier resists comparison with the behemoths of Wall Street, of course, but eventually relents.
“If I had to make a comparison I would say the company that we are closest to is probably Blackrock,” he says. “It has all kinds of expertise and so do we. Active, passive, monetary funds, structured products etc. Blackrock has put a great emphasis on infrastructure and IT just like we are doing.”
Amundi is in a rush to expand. The pain of a decade of low interest rates and the resulting squeeze on margins has been much better absorbed by the big asset managers. The rapid development of investing technology means the giants also have an advantage as the costs are wider spread. Perrier describes the style as “Anglo-saxon”, but Amundi’s empirecountry