Candriam, a

subsidiary A subsidiary, subsidiary company, or daughter company is a company (law), company completely or partially owned or controlled by another company, called the parent company or holding company, which has legal and financial control over the subsidia ...

New York Life New York Life Insurance Company (NYLIC) is the third-largest life insurance company and the largest mutual life insurance company in the United States, and is ranked #69 on the 2025 Fortune 500 list of the largest U.S. corporations by total rev ...

, is a global multi-specialist

asset management Asset management is a systematic approach to the governance and realization of all value for which a group or entity is responsible. It may apply both to tangible assets (physical objects such as complex process or manufacturing plants, infrastr ...

firm. By 31 December 2022, Candriam had 139 billion euros of

assets under management In finance, assets under management (AUM), sometimes called fund under management, refers to the total market value of all financial assets that a financial institution—such as a mutual fund, venture capital firm, or depository institutio ...

(AUM). Founded in 1998, Candriam manages investments focused on responsible investing across a range of asset classes including fixed income, equities, alternatives, asset allocation, and real estate. Candriam is headquartered in Luxembourg with offices in Brussels, Paris, and London, and client representatives throughout Europe, the Middle East, Asia and the United States. Candriam has appointed Vincent Hamelink as its new CEO, succeeding Naïm Abou-Jaoudé, starting from May 1, 2023.

History

The company was founded as Dexia Asset Management, a branch of Dexia S.A, in 1996. Following its acquisition by

New York Life Investments New York Life Investment Management LLC is a U.S. investment management company based in Jersey City, New Jersey. Founded in 1986, New York Life Investment's parent company is New York Life Insurance Company, the largest mutual life-insurance co ...

in February 2014, the company changed its name to Candriam, which supposedly stands for "Conviction AND Responsibility In Asset Management", representing two of the company's core values. The company received the award of "European Asset Manager of the Year" for two years in a row in 2015 and 2016 and was listed among MacKay Williams's top ranking for future leading names in asset management in 2016. In 2018 the company successfully acquired a 40% equity stake in London-based real estate manager Tristan Capital Partners, as well as ABN-Amro's direct management unit, representing €8bn in AUM. In September 2019 the company announced it was

carbon-neutral Global net-zero emissions is reached when greenhouse gas emissions and Greenhouse gas removal, removals due to human activities are in balance. It is often called simply net zero. ''Emissions'' can refer to all greenhouse gases or only carbon diox ...

with all carbon emissions generated being offset. Including scope 1 (fuel, mainly vehicles), scope 2 emissions (energy for buildings) plus business travel as well as supplier related emissions (as part of scope 3). In June 2020, the company signed an agreement to transfer Rothschild & Co Asset Management Europe's alternative multi-asset management business to Candriam. The transaction concerns open-ended funds domiciled in France and Luxembourg and dedicated institutional funds, representing total assets under management of almost 350 million euros.

Social Responsible Investments (SRI)

Candriam has been a pioneer in Sustainable and Responsible Investments (SRI) since 1996. The company states that investment opportunities and risks can't be fully evaluated using traditional financial measures alone and that Environmental, Social and Governance (ESG) criteria should be taken into consideration.

References

Candriam Asset management companies {{DEFAULTSORT:Candriam