Candriam hires extra salesman after 27% rise in Swiss assets

Candriam Investors Group has increased its presence in Switzerland with the appointment of a senior client relationship manager for wholesale distribution and institutional markets.

Based in Zurich, Thomas Kälin was previously client director at GAM in the same city.

The firm said Switzerland’s wealth managers and institutional investors were increasingly wanting sustainable investments and that current demand was strongly oriented towards sustainable equity – mainly emerging markets – and bond strategies.

Candriam said its responsible investment assets accounted for 30% of total assets under management (AUM), or around 35 billion Swiss francs. Its AUM in Switzerland had risen 27% over the 12 months to June 30, reaching 3 billion Swiss francs.

Total AUM for the firm is around €114 billion.

Kälin will report to Jörg Allenspach who has been executive officer at Candriam Switzerland since the beginning of the year.

©2018 funds europe

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