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
A strong demand for core fixed income solutions has seen the Betashares Australian Composite Bond ETF surpass $1 billion in funds under management, driven by both advisers and investors.
As the end of the year approaches, two listed advice licensees have seen significant year-on-year improvement in their share price with only one firm reporting a loss since the start of 2025.
Having departed Magellan after more than 18 years, its former head of investment Gerald Stack has been appointed as chief executive of MFF Group.
With scalability becoming increasingly important for advice firms, a specialist consultant says organisational structure and strategic planning can be the biggest hurdles for those chasing growth.
