Candriam, a global asset management firm, has announced an expansion of its partnership with parent company New York Life Investments. This strategic move aims to break into the US offshore market, providing investors with more opportunities for growth and diversification. By leveraging the expertise and resources of New York Life Investments, Candriam aims to strengthen its presence in the US and cater to the needs of offshore investors.
The expansion of the partnership between Candriam and New York Life Investments comes at a time when investors are increasingly seeking opportunities beyond their domestic markets. The US offshore market, in particular, offers attractive investment prospects due to its robust economy and diverse range of industries. With this collaboration, Candriam hopes to tap into these opportunities and offer offshore investors access to a wide range of investment products tailored to their needs.
One of the key benefits of this partnership is the extensive knowledge and experience that New York Life Investments brings to the table. As a leading global asset management firm, New York Life Investments has a deep understanding of the US market and its regulatory landscape. By joining forces with Candriam, they can combine their expertise to provide investors with superior investment solutions and services.
In addition to expanding its reach in the US offshore market, Candriam's partnership with New York Life Investments also includes a commitment to supporting environmental initiatives. As part of this collaboration, New York Life Investments contributes a portion of the management fee from its ETFs to support Oceana's campaigns, further emphasizing their dedication to sustainable investing.
This strategic distribution collaboration with New York Life Investments is a significant milestone for Fiera Capital. By forming this partnership, Fiera Capital aims to enhance its presence in the US market and provide investors with a broader range of investment opportunities. This collaboration will allow Fiera Capital to leverage New York Life Investments' extensive distribution network and expertise to reach a wider investor base.
Naïm Abou-Jaoudé, CEO of Candriam, will be succeeding an executive who left to become CEO of State Street Global Advisors. With his extensive experience in the asset management industry, Abou-Jaoudé is well-positioned to lead Candriam and drive its growth in partnership with New York Life Investments. His appointment reflects the commitment of both companies to providing investors with innovative and tailored investment solutions.
The expansion of Candriam's footprint in the US market through its partnership with New York Life Investments is a significant development. This collaboration will enable Candriam to offer its investment expertise to a broader investor base, while also benefiting from the distribution capabilities and resources of New York Life Investments.
In a recent interview on CNBC's "Closing Bell," Lauren Goodwin, an executive from New York Life Investments, discussed the collapse of Pac-West and regional banks. Goodwin provided insights into the impact on the investment landscape and the potential opportunities that may arise as a result.
Former employees of New York Life Insurance Co. have challenged the proprietary funds in their retirement plans in a Manhattan federal court. These employees claim that the funds offered by New York Life Investments were not in their best interest and are seeking compensation for any losses incurred.
Naim Abou-Jaoude has been appointed as the CEO of New York Life Investment Management, effective May 1. Abou-Jaoude will be replacing Yie-Hsin Hung, and his appointment reflects the company's commitment to maintaining strong leadership and driving growth in the asset management business.
