Credit Agricole takes next step
Credit Agricole Asset Management has confirmed the establishment of the group’s first wholly-owned subsidiary — Credit Agricole Asset Management Australia Limited.
The move was announced today by Credit Agricole’s country head in Australia and New Zealand, Richard Borysiewicz, who described it as an important strategy step based on the positive growth experienced by the company over the past year.
The announcement of the subsidiary status came at the same time as Borysiewicz confirmed that the former head of institutional sales at Credit Suisse Asset Management, John Maragiannis, had assumed the role of director of distribution within the new CAAM structure.
Borysiewicz said CAAM would continue to focus on institutional and multi-manager clients.
AUTHOR
Mike Taylor
Recommended for you
Insignia Financial has reached a major milestone in completing the separation of MLC Wealth from NAB, having acquired the firm back in 2021.
There could be changes ahead for how ASIC requires licensees to handle conflicts of interest as the corporate regulator announces it will be meeting key stakeholders next year to update guidance.
Proper recordkeeping has been described as the “mortar between the bricks” of the advice process and critical to an FSCP decision as an adviser is suspended for failures in this area.
As investors increasingly seek to embed ESG considerations in their portfolios, a specialist adviser has offered tips for financial planners who may feel overwhelmed in tackling these complex topics with clients.
