Amundi SRI arm, IDEAM, hires experienced journalist as CEO

IDEAM, the SRI business of Amundi, the French fund manager – the world’s eighth largest with €689.5bn in assets – has taken the interesting step of appointing an experienced financial journalist as its new Chief Executive Officer (CEO). Thierry Bogaty was until recently Editor in Chief of French financial newspaper, Investir, part of Les Echos group. He joined IDEAM on March 1. Bogaty’s journalist career positions include lead reporter on French magazine L’Express in charge of economic features, notably in the USA, Russia, Africa and the Middle East. From 2000 to 2005, he was Editor in Chief at Le Figaro, the French daily newspaper. Bogaty will report to Pierre Schereck, who had taken on the role of interim CEO at IDEAM following the departure of former CEO, Michèle Jardin, last year. Jardin left to become joint CEO of La Caisse Régionale de Crédit Agricole Mutuel Pyrénées Gascogne.Schereck, is a member of Amundi’s Executive Committee and supervises employee savings and sustainable and responsible investment (SRI).
In 2007, France’s Crédit Agricole Asset Management (CAAM) bought out the remaining 10% stake in IDEAM it didn’t own from Xavier de Bayser, co-founder and former chairman of IDEAM. At the time, IDEAM managed €1.6bn ($2.3bn) euro in assets, both retail and institutional.

In 2009, CAAM merged with Société Générale Asset Management to become Amundi Asset Management. Amundi has recently taken steps in the green tech space by signing an exclusive licence to launch an exchange traded fund (ETF) based on the Living Planet Green Tech Index, a benchmark of 55 European listed companies with more than 20% of their sales in green technology, run by Living Planet Fund (LPF), a subsidiary of WWF, the conservation NGO.