Luxembourg-based Candriam, a global multi-asset manager focused on sustainable and responsible investing and subsidiary of New York Life, makes string of senior promotions.

Candriam has promoted Nicolas Forest, the firm’s global head of fixed income since 2013, to chief investment officer, starting in May.

The move follows the recent appointment of Vincent Hamelink, Candriam’s current CIO, as the new CEO-elect of Candriam, succeeding Naïm Abou-Jaoudé, who will become 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, the firm said in a statement. He 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 as global head of fixed income, the firm continued. He will lead a team of over 40 fixed income experts, overseeing Candriam’s €40 billion ($44 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, the firm said.

Welcoming the move, Vincent Hamelink, CEO-elect of Candriam, said: “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”, he added.

Forest said: “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.”