Amundi, Europe’s largest asset manager, will gain a new CEO in Valérie Baudson. The current CEO, Yves Perrier, will resign in May and hand over the reins, staying on as chairman of the Paris-based firm’s board of directors. Baudson is currently chair of Amundi subsidiary CPR AM and a member of the general management committee.

At Amundi, Baudson developed many business lines for the manager, including its exchange traded fund, smart beta, and indexing, all of which she still presently oversees. The executive also supervises the asset manager’s private banking and third-party distribution divisions along with running its subsidiaries in Germany and Spain.

She will be the second CEO to helm the firm, which was created by a merger between the asset management units of Crédit Agricole’s and Société Générale in 2009. In her position, she will oversee €1.73 trillion in assets.