Candriam
 | |
| Industry | Asset Management |
|---|---|
| Founded | 1996 |
Key people | Vincent Hamelink CEO |
| AUM | €155 billion (as at 31 December 2024) |
| Parent | New York Life (67%) and Belfius Bank (33%) |
| Website | www.candriam.com |
Candriam is a global multi-specialist asset management firm headquartered in Luxembourg, founded in 1996. Since 2014, it has been a subsidiary of New York Life Investment Management (NYLIM). In May 2025, Belgian bank Belfius announced its intention to acquire a minority stake in Candriam, pending customary closing conditions.[1] The transaction is expected to complete by the end of 2025.
The company offers investment solutions across fixed income, equities, absolute return, multi-asset, and private markets. As of December 2024, Candriam managed approximately €155 billion in assets and employed over 600 professionals. It operates 11 offices globally, with investment management centers in Brussels, Luxembourg, Paris, and London.[2]
History
[edit]- 1996: Launch of Candriam's first Sustainable and Responsible Investment (SRI) strategy.[3]
- 2001: Creation of the ESG analysis team.
- 2006: Becomes a signatory of the United Nations Principles for Responsible Investment (UN PRI).[4][5]
- 2014: Rebrands as Candriam ("Conviction AND Responsibility In Asset Management") following its acquisition by NYLIM.[6]
- 2017: Launch of Candriam Academy, the first free-to-access, accredited online education platform dedicated to ESG investing.[7]
- 2019: Achieves full carbon neutrality for all Scope 1, 2, and 3 emissions.
- 2020: Expands multi-asset capabilities through the acquisition of Rothschild & Co Asset Management Europe's alternative multi-asset business.[8]
- 2021: Acquires a majority stake in Tristan Capital Partners, a leading European real estate investment manager, expanding its footprint in private markets.[9]
- 2022: Establishes a joint venture in Private Debt Impact investing with Kartesia; publishes Climate Strategy.
- 2023: Vincent Hamelink appointed CEO, succeeding Naïm Abou-Jaoudé.[10]
- 2024: Launches long-short sustainable strategy and Biodiversity Strategy; introduces a unified Alternatives Platform managing €23 billion.[11]
- 2025: Belfius announced its intention to acquire a 33% strategic stake in Candriam, subject to customary closing conditions.[12]
Business and Investment Philosophy
[edit]Candriam is known for its conviction-based investment approach,[13] combining fundamental, quantitative and ESG insights. As of December 2024, over 75% of Candriam's assets were managed with ESG integration. Candriam maintains strict exclusion and engagement policies[14] in the industry, excluding controversial weapons, thermal coal, and tobacco from its portfolios.
Responsible Investing Leadership
[edit]Candriam is regarded as a leader in responsible investing,[15] a position it has held for close to three decades. It was one of the first asset managers to integrate ESG criteria across its entire investment process. The firm engages actively with companies and policymakers and regularly publishes research and position papers on sustainability issues.
Candriam Academy
[edit]Launched in 2017, the Candriam Academy is the world's first free, accredited online training platform dedicated to sustainable investing.[16] By 2024, it had over 16,000[17] registered users across six languages, helping to raise awareness and knowledge of responsible finance among financial professionals.
Governance
[edit]Candriam is led by CEO Vincent Hamelink.[10] The Executive Committee includes heads of investment platforms, risk, compliance, operations, and distribution. The firm is owned by New York Life Investment Management (67%) and Belfius Bank (33%).[1] The transaction is expected to complete by the end of 2025.
Recognition and Awards
[edit]Candriam has received multiple industry awards[18] for its ESG strategies, stewardship, and innovation in investment solutions. It is regularly ranked[15][13] among the top responsible investors by independent ESG rating agencies.
References
[edit]- ^ a b "Belfius acquires 33% of Candriam". Paperjam.
- ^ "About Us". Candram.
- ^ "Millennials and women key drivers of socially responsible investment". Eropean CEO. Retrieved 2025-08-28.
- ^ "About the PRI". UN PRI. Retrieved 2025-08-28.
- ^ "Signatory Directory". UN PRI.
- ^ "Dexia Asset Management rebrands as Candriam".
- ^ "CANDRIAM Academy launches new climate change module". Institutional Asset Manager.
- ^ "Rothschild & Co to transfer its hedge fund business to Candriam". Reuters.
- ^ "Candriam Group to acquire majority shareholding in Tristan Capital Partners".
- ^ a b "Candriam appoints new CEO as Abou-Jaoudé departs to NYLIM".
- ^ "Candriam launches unified alternative investments platform". Funds Europe.
- ^ "Belfius takes 33 percent stake in Candriam, deepening longstanding partnership".
- ^ a b "US asset manager enters top 10 for ESG legitimacy".
- ^ "Candriam bans controversial stocks across all assets". Portfolio Adviser.
- ^ a b "Responsible Investment Brand Index RIBI™ 2024 - Sixth Edition". PR Newswire.
- ^ "CANDRIAM Academy Launches Company ESG Analysis Training Course for Investors". ESG today.
- ^ "Candriam Academy". Candriam Academy.
- ^ "Palmarès de la 12ème édition des Trophées de l'Asset Management". Funds Magazine (in French).