CANDRIAM
FormerlyDexia Asset Management (1996-2014)
IndustryAsset Management
Founded1996 (1996)
Key people
Vincent Hamelink CEO
AUM€139 billion (as at 31 December 2022)
ParentNew York Life
Websitewww.candriam.com

Candriam, a subsidiary of New York Life, is a global multi-specialist asset management firm. By 31 December 2022, Candriam had 139 billion euros of assets under management (AUM).[1]

Founded in 1998, Candriam manages investments focused on responsible investing across a range of asset classes including fixed income, equities, alternatives, asset allocation, and real estate.

Candriam is headquartered in Luxembourg with offices in Brussels, Paris, and London, and client representatives throughout Europe, the Middle East, Asia and the United States.[2]

Candriam has appointed Vincent Hamelink as its new CEO, succeeding Naïm Abou-Jaoudé, starting from May 1, 2023.[3]

History

The company was founded as Dexia Asset Management, a branch of Dexia S.A, in 1996. Following its acquisition by New York Life Investments in February 2014, the company changed its name to Candriam, which supposedly stands for “Conviction AND Responsibility In Asset Management”, representing two of the company’s core values.[4]

The company received the award of “European Asset Manager of the Year” for two years in a row in 2015 and 2016 and was listed among MacKay Williams’s top ranking for future leading names in asset management in 2016.[5]

In 2018 the company successfully acquired a 40% equity stake in London-based real estate manager Tristan Capital Partners, as well as ABN-Amro’s direct management unit, representing €8bn in AUM.[6][7]

In September 2019 the company announced it was carbon-neutral with all carbon emissions generated being offset. Including scope 1 (fuel, mainly vehicles), scope 2 emissions (energy for buildings) plus business travel as well as supplier related emissions (as part of scope 3).[8]

In June 2020, the company signed an agreement to transfer Rothschild & Co Asset Management Europe’s alternative multi-asset management business to Candriam. The transaction concerns open-ended funds domiciled in France and Luxembourg and dedicated institutional funds, representing total assets under management of almost 350 million euros.[9]

Social Responsible Investments (SRI)

Candriam has been a pioneer in Sustainable and Responsible Investments (SRI) since 1996. The company states that investment opportunities and risks can’t be fully evaluated using traditional financial measures alone and that Environmental, Social and Governance (ESG) criteria should be taken into consideration.[10]

References

  1. ↑ "Candriam 2022 annual results" (PDF). Candriam.
  2. ↑ "Candriam.com Press Kit Fact Card" (PDF).
  3. ↑ "Candriam appoints new CEO as Abou-Jaoudé departs to NYLIM". www.investmentweek.co.uk. 2023-01-30. Retrieved 2023-04-27.
  4. ↑ "Dexia Asset Management rebrands as CANDRIAM". www.businesswire.com. 2014-02-13. Retrieved 2020-09-10.
  5. ↑ "AWARDS 2015 WINNERS". www.funds-europe.com. Retrieved 2020-09-10.
  6. ↑ O'DeaMarch/April 2018, Christopher. "Interview: Naïm Abou-Jaoudé, Candriam/New York Life". Real Assets. Retrieved 2020-09-10.{{cite web}}: CS1 maint: numeric names: authors list (link)
  7. ↑ "ABN Amro hands €8bn investment business to Candriam". Wealth Manager. Retrieved 2020-09-10.
  8. ↑ Candriam. "Candriam reaches all-time high AUM and announces carbon neutrality | Candriam.com". Candriam Investor Group. Retrieved 2020-09-10.
  9. ↑ "Candriam plans alternatives build after Rothschild deal". www.funds-europe.com. Retrieved 2020-09-10.
  10. ↑ Riding, Sioban (2020-05-24). "'Coronavirus is a wake-up call to rethink society,' says Candriam chief". Financial Times. Retrieved 2020-09-10.
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