Jean-Marc Coly, head of Alta REIM and former boss of UFG/La Française REM, is reportedly set to replace Nicolas Simon as CEO of French investment manager Amundi Real Estate.
Jean-Marc Coly, head of Alta REIM and former boss of UFG/La Française REM, is reportedly set to replace Nicolas Simon as CEO of French investment manager Amundi Real Estate.
According to French press reports, Coly is assuming the position from this week, succeeding Nicolas Simon who is taking on a senior position with Amundi in Asia.
Amundi Real Estate was not immediately available for comment when contacted by PropertyEU.
Over the past two years Coly has led the fund management business of French REIT Altarea Cogedim, known as Alta REIM. Before then, he worked for 20 years at UFG and was promoted to CEO of the new UFG/La Française REM group in 2013.
Amundi, which recently bought the €1 bn Aqua pan-European office portfolio from Union Investment Real Estate, unveiled plans earlier this year to list on the Paris stock exchange by end-2015.
With roughly €9 bn of real estate assets under management in Europe, Amundi is a leading asset manager in Europe and top-10 player globally. The company was formed in 2010 by Crédit Agricole, which owns a 80% stake, and Société Générale (20%).
The two shareholders said the flotation is aimed at supporting the continued development of Amundi and providing liquidity to Société Générale, which could sell its entire stake as set out in the shareholder pact that was agreed at the time Amundi was created.