The subsidiary that was jointly created by Crédit Agricole and Société Générale has made a new global equity hire.

European investment house Amundi has appointed Fabrice Bay as senior portfolio manager within its global equity team.

Bay previously worked as an investment manager in international equities at Martin Currie. His former roles include hedge fund manager at GLG Partners and senior equity portfolio manager and chief investment officer at Deutsche Asset & Wealth Management.

In the newly-created role, Bay will be based in London and will report to Amundi's head of global equities, Nicholas Melhuish.

As of the end of June, Amundi managed more than €950 billion ($1.06 trillion) in assets worldwide.