New management structure for Amundi in Italy. The French group nominated Gabriel Tavazzani managing director and general manager, while the outgoing Cinzia Tagliabue (CEO since 2017) will remain on the board as chairman. One of the most important matches that Tavazzani will have to manage will be that of the commercial agreement with Unicredit which could redesign the geographies of asset management in Italy.
The agreement, reached after the purchase of Pioneer and expiring in 2027, has been strongly questioned by the alliance that Piazza Gae Aulenti has just reached. Unicredit e Azimuth, the independent group of funds chaired by Pietro Giuliani, signed an agreement on the front in mid-December managed savings to develop the bank's asset management segment. In alliance with Azimut, the Milanese institution led by Andrea Orcel has officially launched a battle against Amundi for the creation of an all-Italian asset management pole. And although a divorce is not a given, it is believed that the repositioning of Unicredit could herald a review of the agreements with Amundi.
The new CEO of Amundi
Tavazzani was CEO of Amundi Austria since May 2020 and deputy CEO of the same entity since 2018. From 2015 to 2018, before joining Amundi Austria, the manager was CEO, chairman of the management board and CIO of Amundi Polska TFI, the management company of Amundi in Poland. Previously, from 2009 to 2015, Tavazzani was Co-General Manager and Head of Sales and Marketing of Amundi Sgr. Before that, he worked in Italy at Crédit Agricole Asset Management, covering various roles over the years. The new CEO of Amundi works in Credit Agricole Group since 1996 and boasts over 25 years of experience in the financial sector both in Italy and internationally.
