BRUSSELS--(BUSINESS WIRE)--Dexia Asset Management today reveals its new brand identity following its acquisition by New York Life Investments on February 3rd, 2014. The company will now move forward as CANDRIAM, a leading pan-European, multi-specialist asset manager, with EUR 73 billion assets under management1.
Naïm Abou-Jaoudé, CEO of CANDRIAM and Vice Chairman of New York Life Investment Management International, explains: « Our new name CANDRIAM is the acronym of our core company values: “Conviction and Responsibility in Asset Management. These two values drive everything we do. They are the roots of our expertise, our innovative ideas and a great discipline in our investment processes. Clear convictions empower our teams to strive for excellence. Coupled with responsibility, conviction delivers sustainable outperformance across all areas. »
The new brand name CANDRIAM reflects what the company stands for, its heritage, its management style and its work ethics. The name CANDRIAM evokes an interesting linguistic association: the root “CAND” suggests light and positive energy. These positive attributes symbolise a fresh start full of dynamism and enthusiasm, in line with strong ambitions to propel the company further.
Backed by New York Life, a Fortune 100 company, CANDRIAM benefits from the strengths and resources of a renowned parent. The successful multi-boutique approach of New York Life Investments allows CANDRIAM to maintain the integrity of its investment processes and its distinct entrepreneurial culture. This unique, complementary partnership is built on a shared long-term vision and a strong cultural fit.
With its strong local footprint and client proximity, CANDRIAM is well positioned to fully capitalize on its 20 year track-record and its multi-specialist teams to better service its diversified client base. The affiliation with New York Life will also allow CANDRIAM to expand geographically and to continuously improve its ability to deliver the products and services which its clients need and require.
Going forward, CANDRIAM expects continued interest from investors in its multi-asset solutions and its key flagship strategies, in particular those related to Corporate and High Yield, Biotech, SRI, Quant and European equity strategies. Its Index arbitrage and other leading absolute return strategies, presenting interesting risk / return profiles, are already gaining momentum with investors.
Naïm Abou-Jaoudé adds: « Our new beginning as CANDRIAM offers an exciting opportunity to grow and develop a leading brand in Europe and abroad. This new energy will significantly reinvigorate our client relationships, unlock business opportunities and boost our innovation. I am convinced that all the ingredients are here to gain market share and position ourselves as a front-runner in the asset management industry. »
Previously known as Dexia Asset Management, CANDRIAM is a leading pan-European multi-specialist asset manager with a 20-year track record and a team of 500 experienced professionals. Managing €73B AUM at end December 2013, the company has established management centres in Brussels, Paris, Luxemburg and Sydney and has an experienced sales force covering Europe, the Middle East and Australia. Its investment solutions cover five key areas: fixed income, equities, alternatives, sustainable investments and advanced asset allocation. Through conviction-driven investment solutions, CANDRIAM has earned a reputation for delivering innovation and strong performance to a diversified client base in over 25 countries.
CANDRIAM is the European foothold of New York Life Investments, ranked among the world's largest asset managers2.
A detailed press kit available on http://new.candriam.com/press.htm
1 As at end December 2013
2 Source: New York Life Investments ranked 29th among the world’s largest money managers within Pensions & Investments, May 27, 2013. Rankings are based on total worldwide institutional assets under management for the year-end 2012. New York Life Investments assets include assets of affiliated investment advisors.