Amundi SA appointed Kasper Elmgreen to succeed Diego Franzin as head of its €244 billion equities business, Financial News reported Oct. 11, citing two people familiar with the matter.

Elmgreen was most recently head of fundamental equities at Nordea Asset Management, a subsidiary of Nordea Bank Abp. Franzin left Amundi in July to pursue other opportunities, according to a report by Investment Europe at the time.