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.”
AUTHOR
Mike Taylor
Recommended for you
Multiple industry organisations have shared their thoughts on AFCA’s proposed rules amendment, supporting the idea of firms being named publicly when they fail to comply with determinations.
Channel Capital has appointed a head of investment oversight who joins from 14 years at asset consulting firm JANA Investment Advisers.
Licensee Centrepoint Alliance has completed the acquisition of Brighter Super’s annual review service advice book, via Financial Advice Matters.
ASIC has launched court proceedings against the responsible entity of three managed investment schemes with around 600 retail investors.
