There is change at the top of the European equities team at the asset management group.

European asset manager Amundi has appointed Laurent Ducoin as head of European equities. Ducoin replaces Olivier Baduel who has left the group, Amundi confirmed. Ducoin will report to Amundi’s global head of equities, Romain Boscher.

Ducoin was previously a fund manager and head of the European equity team at Carmignac, having joined in 2011 to “rebuild” the team’s investment process. Prior to that he headed up BlackRock’s European equity team and managed several of the firm’s pan-European and Swiss-only products. He began his career in 2000 as a sell-side financial analyst at Oddo Pinatton Equities before moving on to CM-CIC Securities.

Last week, Amundi appointed Navik Patel as head of divisional strategies within its alternative investments business. Patel replaced Amelie Derambure who moved internally within the firm. He operates as a senior analyst and is based in London. Patel joined Amundi from Aberdeen Asset Management’s alternatives business.

Amundi oversees around €850 billion of assets.