Finance

Europe’s asset management trade body elects Candriam CEO as president

The trade body representing Europe’s €27tn fund management industry has named Candriam chief executive Naïm Abou-Jaoudé as its next president.

Abou-Jaoudé, who has been CEO of Franco-Belgian asset manager Candriam since 2007, was elected president of the European Fund and Asset Management Association at the trade body’s general meeting on 11 June. He replaces Nicolas Calcoen, deputy general manager at Amundi, and will serve a two-year term in the role.

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Abou-Jaoudé said: “While our industry remains vital to investors in achieving their financial goals, we also now have a critical part to play in encouraging a more sustainable and inclusive future.

“As we emerge from the Covid-19 pandemic, the importance of this organisation’s work on behalf of our industry could not be more pressing. There is much to do and helping Europe to transition into a low carbon economy and build back better will be a top priority of mine.”

Efama members also elected APG Asset Management’s chief investment officer Peter Branner, and Natixis Investment Management’s global chief operating officer Joseph Pinto, as vice-presidents.

To contact the author of this story with feedback or news, email David Ricketts

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