CAAM extends retail push


|
Credit Agricole Asset Management (CAAM) has signalled a further push into the Australian retail investment market with the appointment of a new retail asset management senior distribution executive.
The company announced today that it had appointed former Macquarie Funds Management and Ironbark Asset Management staffer Cathryn Franks to the role.
Announcing the appointment, CAAM chief executive Richard Borysiewicz said Australia represented an important strategic market and the creation of the role for Franks would help further the company’s foothold.
“Very early on when we were defining our strategy in Australia, we decided that we would be both institutional and retail within the first five years,” he said. “So with the institutional success achieved so far, we are ready for a more deliberate effort in retail.”
Recommended for you
A financial advice firm has been penalised $11 million in the Federal Court for providing ‘cookie cutter advice’ to its clients and breaching conflicted remuneration rules.
Insignia Financial has experienced total quarterly net outflows of $1.8 billion as a result of client rebalancing, while its multi-asset flows halved from the prior quarter.
Prime Financial is looking to shed its “sleeping giant” reputation with larger M&A transactions going forward, having agreed to acquire research firm Lincoln Indicators.
An affiliate of Pinnacle Investment Management has expanded its reach with a London office as the fund manager seeks to grow its overseas distribution into the UK and Europe.