Candriam bolsters London office

Candriam has appointed Chris Davies (pictured) as head of UK Distribution and Derek Brander as head of UK Wholesale, both based in London.

Davies will be responsible for driving distribution across institutional, wholesale and retail investor segments.

He joins from Fidelity where he spent 11 years, working on banking distribution, platform development and investment trusts before growing the Wealth business following the changes brought about by RDR.

Davies began his career at Lloyds Banking Group, where he was for seven years before moving to Prudential to focus on intermediaries and then long-term partnerships.

Brander was most recently working for the UK wholesale business of Natixis AM where he spent five years.

Formerly, he held senior roles at Societe Generale Asset Management, GLG Partners and AEGON, covering Global Private Banks, UK Private Banks, Stockbrokers, Wealth Managers and IFAs around the UK.

Commenting on the appointments, Naïm Abou-Jaoudé, CEO said: “We have always enjoyed steady success over our 20-year history, previously as Dexia Asset Management. But we have seen outstanding rates of growth with a 40%-increase in assets since our acquisition by NYLIM two years ago.

“The UK market, the second largest in the world, is competitive, but investors are looking to diversify their asset allocation. With such recognised names now within our reinforced UK team, we are in a position to really drive forward our established presence here.”

Renato Guerriero, global head of Emea Client Relations, added : “In 2015, Candriam started an active European Distribution push and the addition of two very senior and reputable investment professionals to our UK team represents a major milestone.”

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