Tim Cassidy Joins Amundi Smith Breeden as Vice President in the Investment Management Group

DURHAM, NC--(Marketwired - Dec 9, 2014) -  Amundi Smith Breeden today announced that Tim Cassidy has joined the firm as a Vice President in the firm's Investment Management Group. Amundi Smith Breeden is the North American investment headquarters for Amundi, the leading European asset management firm with more than $1 trillion in assets under management.

In this role, a new position, Mr. Cassidy will evaluate and trade corporate credit opportunities. Tim will report to Jon Duensing, Senior Portfolio Manager and head of Amundi Smith Breeden's Corporate Credit Investment Team. He will work from Amundi Smith Breeden headquarters in Durham, North Carolina.

"We're fortunate to have Tim joining our firm as we grow our domestic corporate credit offerings for a global audience," stated Mr. Duensing.

Prior to joining Amundi Smith Breeden, Mr. Cassidy worked as a credit analyst for Stifel Nicolaus and Bank of America. Earlier, he worked as an analyst and associate in the leveraged loan and high yield bond syndication groups of JP Morgan and Barclays Capital. He holds an MBA from Duke University's Fuqua School of Business and a BA in Economics from Colby College.

About Amundi Smith Breeden
Amundi Smith Breeden is the North American investment headquarters for Amundi, a top-10 global asset manager. Amundi Smith Breeden manages a range of U.S. fixed income strategies and contributes to global fixed income portfolios managed by Amundi investment professionals in Europe and Asia. Smith Breeden, now Amundi Smith Breeden, was founded as a research-driven institutional asset management firm specializing in the major U.S. fixed income sectors. The firm has a 30+ year history of pioneering work in developing and applying quantitative financial analysis to valuing and trading fixed income securities, including Agency and non-Agency mortgage-backed securities and corporate credit. 

About Amundi
Amundi ranks first in Europe and in the Top 10 worldwide in the asset management industry with AUM of close to EUR 850 billion worldwide¹.

Located at the heart of the main investment regions in 30 countries, Amundi offers a comprehensive range of products covering all asset classes and major currencies.

Amundi has developed savings solutions to meet the needs of more than 100 million retail clients worldwide and designs innovative, high-performing products for institutional clients which are tailored specifically to their requirements and risk profile.

The Group contributes to funding the economy by orienting savings towards company development.

Amundi has become a leading European player in asset management, recognised for:

• Product performance and transparency;
• Quality of client relationships based on a long-term advisory approach;
• Efficiency in its organisation and teams' promise to serving its clients;
• Commitment to sustainable development and socially responsible investment policies.

¹Amundi Group figures as of 30 September 2014.

Issued by Amundi - Société anonyme with a share capital of EUR 596 262 615 - Portfolio manager regulated by the AMF under number GP04000036 - Head office: 90 boulevard Pasteur - 75015 Paris - France - 437 574 452 RCS Paris

amundi.com