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Asset Management

Candriam and Nylim forge symbiotic tie

The Franco-Belgian asset manager, one of Europe's fastest-growing this year, has an important new role within its new US parent

Next on the agenda for Candriam Investors Group, which used to be the asset management business of Dexia Group and is one of the fastest-growing asset managers in Europe this year: expansion in the US and Asia with help from its new parent New York Life Investment Management.

Candriam's chief executive, Naïm Abou-Jaoudé, was on September 16 made chairman of the international asset management business of the company's new parent, New York Life, which acquired Candriam in February 2014.

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