By Andrei Skvarsky.
The role of CEO of global asset manager Candriam is going to pass to the company’s current investment chief Vincent Hamelink from Naim Abou-Jaoude, who is leaving as chief executive for a senior job at U.S. insurer New York Life, Candriam’s parent firm, in a reshuffle to take effect on May 1.
Candriam’s current sales and distribution chief, Renato Guerriero, will be appointed deputy CEO for global development and distribution of the Brussels-headquartered asset manager as part of the reshuffle, according to a statement from Candriam.
Abou-Jaoude will be CEO of New York Life Investment Management, a subsidiary of the insurance company. Simultaneously, he will take up the role of chairman of Candriam’s board of directors, New York Life and Candriam said in a joint statement.
Candriam has about $149bn of assets under management.
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