Finance
Amundi Readies for Broader Mandate Shift After State Street
Money management is becoming the latest stage on which transatlantic tensions are now playing out.
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Amundi SA is positioning itself for a realignment in investor flows triggered by a growing divide in how asset managers on either side of the Atlantic handle stewardship and climate policies.
There are already signs that a number of asset owners across Europe are currently conducting reviews of their US mandates, said Jean-Jacques Barbéris, head of institutional and corporate division and ESG at Amundi. Europe’s largest asset manager, which won business from State Street earlier this year, expects the broader reassessment underway to play out over several months, he said.