As of today, the company will now move forward as Candriam, a multi-specialist asset manager.
"Our new name Candriam is the acronym of our core company values: “Conviction and Responsibility in Asset Management,” Naïm Abou-Jaoudé, ceo of Candriam and vice chairman of New York Life Investment Management International, said.
Candriam aims to provide investors with multi-asset solutions and strategies, in particular those related to corporate and high yield, biotech, SRI, quant and European equity strategies.
The affiliation with New York Life gives Candriam the chance to expand geographically and to improve its ability to deliver products and services for clients.
“Our new beginning as Candriam offers an exciting opportunity to grow and develop a leading brand in Europe and abroad,” Abou-Jaoudé added.