Candriam’s global head of fixed income, Nicolas Forest (pictured), has been appointed as the firm’s chief investment officer.
He joined the European asset manager in 2004 as a money market fund manager, before being promoted to fixed income head in 2013.
Forest will begin his new role on 1 May, when current CIO Vincent Hamelink steps up to the role of chief executive.
Current CEO Naïm Abou-Jaoudé, meanwhile, will lead Candriam’s parent company New York Life Investment Management.
Completing the leadership shuffle, deputy fixed income head Philippe Noyard will replace Forest and lead the firm’s global bond and credit division. He joined the firm in 1989 and has held a number of roles within its fixed income team.
Hamelink said: “Nicolas’ appointment as our new CIO demonstrates the philosophy of continuity which has been instrumental in Candriam’s success. With 20 years of experience in positions of responsibility at our company, Nicolas has proven his qualities as a manager and leader.
“I look forward to continuing Candriam’s story with him at my side. I am also delighted to announce the promotion of Philippe Noyard to global head of fixed income. Philippe has a compelling track record as a credit manager and he will continue to bring his invaluable investment standards to an expanded team”.
Forest added: “I am honoured to become Candriam’s new CIO and build upon Vincent’s legacy. We will remain committed to our core values of conviction and responsibility, while prioritising talent and teamwork, and enhancing our commitment in key areas such as risk management, robust investment processes and identifying market opportunities.
“This approach will enable us to continue to strive for optimal risk-adjusted returns for benchmarked and absolute return strategies, while fostering client trust over the long-term.”
