Her rise coincides with the emergence of the turbo-charged exchange-traded fund sector — which she expects will grow at an annual 12% clip over the next five years — as a game changer for the continent's industry. It's a sector she knows better than anyone at Amundi, having helped build the business that is now hauling in mountains of investor money — total assets held across Europe's ETFs reached €1 trillion for the first time in 2020, according to data from Morningstar. "Her background in ETFs and thematic investing areas, where the group is looking to expand, made her an obvious internal candidate," said Michael Sanderson, head of European diversified financials research at Barclays.