Credit Agricole takes next step
Credit Agricole Asset Management has confirmed the establishment of the group’s first wholly-owned subsidiary — Credit Agricole Asset Management Australia Limited.
The move was announced today by Credit Agricole’s country head in Australia and New Zealand, Richard Borysiewicz, who described it as an important strategy step based on the positive growth experienced by the company over the past year.
The announcement of the subsidiary status came at the same time as Borysiewicz confirmed that the former head of institutional sales at Credit Suisse Asset Management, John Maragiannis, had assumed the role of director of distribution within the new CAAM structure.
Borysiewicz said CAAM would continue to focus on institutional and multi-manager clients.
AUTHOR
Mike Taylor
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