BUY SIDE

Candriam expands into US with new office in New York

Candriam Investors Group announces US expansion plans.

By Hayley McDowell hayley.mcdowell@strategic-i.com January 10, 2017 11:22 AM GMT

Candriam Investors Group has announced plans to branch out in the US with the opening of an office in New York.

The New York office will reach out to US institutional investors through Candriam’s international equity and fixed income strategies, including sustainable and responsible investments.

Candriam said it will continue its partnership with New York Life’s MainStay Investments - which owns the buy-side firm - and IndexIQ, to provide absolute return and emerging market equities.

Naïm Abou-Jaoudé, chief executive officer at Candriam Investors Group, explained the opening of the New York office “is an important step forward for us in serving US investors.”

He added the firm sees “tremendous interest in proven sustainable and responsible investments capabilities, an expertise which is fast growing in Europe and the US.”

Candriam Investors Group was awarded the multi-asset desk of the year award at The TRADE’s 2016 Leaders in Trading event, having picked up the same award the year before.