Candriam, the global multi-asset manager has appointed Nicolas Forest, Candriam’s global head of fixed income since 2013, as its new chief investment officer (CIO), effective 1 May, 2023.
This appointment follows the recent appointment of Vincent Hamelink, Candriam’s current CIO, as the new CEO-elect of Candriam, succeeding Naïm Abou-Jaoudé, who will assume the role of CEO of New York Life Investment Management Candriam’s parent company.
In his new role as CIO, Forest will be responsible for leading a team of over 200 investment professionals, overseeing all of Candriam’s investment platforms, including fixed income, equities, absolute return, asset allocation and sustainable investment. Nicolas will be based in Brussels, one of Candriam’s four investment centres.
Philippe Noyard, currently global head of credit and deputy global head of fixed income, and in the group since 1989, will succeed Forest in the global head of fixed income role. Noyard will lead a team of over 40 fixed income experts, overseeing Candriam’s €40 billion fixed income platform which includes global bonds, money market, investment grade, high yield, emerging market debt and convertible bonds. He will be based in Paris.
Hamelink said, “Nicolas’ appointment as our new CIO demonstrates the philosophy of continuity which has been instrumental in Candriam’s success. With 20 years of experience in positions of responsibility at our company, Nicolas has proven his qualities as a manager and leader. I look forward to continuing Candriam’s story with him at my side. I am also delighted to announce the promotion of Philippe Noyard to global head of fixed income. Philippe has a compelling track record as a credit manager and he will continue to bring his invaluable investment standards to an expanded team”
Forest added, “I am honoured to become Candriam’s new CIO and build upon Vincent’s legacy. We will remain committed to our core values of conviction and responsibility, while prioritising talent and teamwork, and enhancing our commitment in key areas such as risk management, robust investment processes and identifying market opportunities. This approach will enable us to continue to strive for optimal risk-adjusted returns for benchmarked and absolute return strategies, while fostering client trust over the long-term.”
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