Amundi, which manages about €1 trillion, confirmed in a statement on September 5 that it had hired Bruno Taillardat to oversee the growth of its smart beta strategies. He will be based in Paris and report to Laurent Trottier, global head of exchange-traded funds, indexing and smart beta management.
Taillardat – who at Amundi will oversee a team of five portfolio managers – had been Unigestion’s investment director in charge of quantitative and fundamental research, before leaving the $ 19.7 billion Swiss asset manager in August after nine years. He originally joined as a senior portfolio manager in the firm’s equity team.
A spokesperson for Unigestion confirmed Taillardat had left at the end of August, adding that he would not be replaced directly.
Gael Combes, a senior vice-president and fundamental risk analyst in the equities team led by Alexei Jourovski, has taken on equity fundamental risk analysis duties, becoming head of fundamental research. He has also been promoted to director.
Amundi has been running smart beta strategies, which span both factor investing and alternative-weighting funds, for almost 10 years. The firm launched its first minimum-variance smart beta portfolio in 2007.
Taillardat began his career at BNP Paribas Asset Management in 1998, where he rose to become head of quantitative research in the international equities team in 2003, before leaving four years later.