Corporate presentation

Transcription

1 CANDRIAM Corporate presentation Client interests are always at the heart of our business. Our aim is to provide excellence across all areas, drawing upon the renowned expertise of our multi-specialist teams. We are convinced that strong convictions coupled with responsibility drive performance. This makes us a trusted, long-term partner for our clients, helping them to meet their objectives through various market cycles. Naïm Abou-Jaoudé, CEO September 2015

2 A PREMIER ASSET MANAGER WITH A 20-YEAR TRACK RECORD A Pan-European asset manager with an established presence in Continental Europe, the UK and the Middle East An entrepreneurial firm supported by one of the world s largest life insurers A multi-specialist expert providing added value and tailor-made solutions to clients A multi-cultural organization with deep insight into local specificities and client proximity An innovative business with a thirst to remain at the forefront of the industry Candriam Corporate Presentation 2

3 OUR GEOGRAPHICAL PRESENCE Servicing our clients in over 20 countries 3 European management centres in Brussels, Paris and Luxembourg Presence in 9 European countries and in selected high-growth regions Nordics Ireland UK Belgium Netherlands Middle East Luxembourg France Germany Switzerland Austria Portugal Spain Italy Management center Representative offices or branches Commercial coverage Distribution, sub-advisory or client services Australia Candriam Corporate Presentation 3

4 OUR ASSETS UNDER MANAGEMENT 90bn AuM (1) with a broad product range in all asset classes Asset Allocation AUM by Asset Class 30/09/2015 Alternative 43% 6% 15% 36% Equities Fixed Income + Money Market 83 core funds & 22 client-specific funds 322 institutional segregated accounts Extensive private portfolio management 19% of AUM in Sustainable & Responsible Investments (1) AuM as at 30 September Candriam Corporate Presentation 4

5 OUR CLIENTS Longstanding experience servicing differing client types Local presence to support clients Customized solutions Value-added services Client types Institutional investors Pension funds Corporates Insurance groups Sovereign, regional and public investors Foundations and associations Other financial institutions 53% 37% 10% Financial distributors Retail banking networks Private banks Life insurance companies Fund-of-funds Platforms HNWI VHNWI Wealth managers Family offices Candriam Corporate Presentation Figures at 30/09/2015 5

6 OUR PEOPLE AND INFRASTRUCTURE Highly qualified teams and advanced platform 157 investment professionals Key staff with avg 20 years experience in financial markets and avg 10 years at the company Broad savoir-faire in fundamental and quantitative investment strategies 72 investment operations & risk managers Robust operational platform and integrated Portfolio Management System Highly skilled, independent risk managers 127 client servicing managers More than 25 nationalities servicing clients in 6 languages Detailed and customized performance analysis and reporting Transparent & regular communication (market views, research) 124 business support & legal experts Swift access to portfolios via constantly upgraded IT systems Deep knowledge of regulations and optimization of wrappers and product range HR professionals focused on talent-management Traditional Investment Business Support & Corporate Communication 24% 19% Staff 7% Legal, Product, Audit, Compliance Alternative Investment 9% 8% 10% 7% 5% 11% Client Servicing Investment Operations Global Risk Management Client Relations Marketing Candriam Corporate Presentation Figures at 30/09/2015 6

7 OUR INVESTMENT CULTURE Strong convictions with a disciplined approach drive performance Transparent communication in all market conditions Independent risk management Strong & consistent performance Highest standards of governance and ethics Constant innovation in strategies and services 86% of our funds are Stars Morningstar rated Proprietary Quantitative models and in-depth Fundamental analysis Convictiondriven portfolio construction Team driven idea generation Strict monitoring of exposure & risk Candriam Corporate Presentation Figures at 30/09/2015 7

8 OUR INVESTMENT EXPERTISE Multi-specialists skills Excellence in all asset classes Equities Fixed income Absolute return & alternative investments Asset allocation Sustainable & responsible investments Fundamental strategies on: European Equities Emerging Markets Equities Thematic Global Equities International Sovereign Bonds & Money Markets Strong coverage in Corporate Investment Grade Frontrunner in High Yield bonds A European leader since 1996 Diversified and liquid product range UCITS & AIFM regulations compliant Sophisticated Asset Allocation Strategies ALM, Basel III & Solvency II optimization solutions Pioneer since 1996 Broadest range of SRI funds in continental Europe 19% of AUM in SRI Unique Australian Equities offer Quantitative strategies on Global Equities Pioneering expertise in Emerging Markets and Total Return Bonds Worldwide coverage of all asset classes Candriam Corporate Presentation 8

9 A LONG-TERM TRUSTED PARTNER FOR INVESTORS What sets CANDRIAM apart LOCAL INSIGHT Longstanding local presence True understanding of client needs Deep insight into local specificities MULTI-SPECIALIST Small, focused investment teams Specialist capabilities and cross-asset solutions Added-value services across all areas STRONG INVESTMENT CULTURE Strong convictions with disciplined investment processes Delivering consistent performances RESPONSIBLE ENTREPRENEURSHIP Empowered teams drive performance and innovation Exceptional length of staff tenure Shared vision of responsibility across all levels BACKED BY A STRONG PARENT Financial strength & strategic resources Key player in asset management Multi-boutique approach Candriam Corporate Presentation 9

10 ANNEXES 23/04/2015 Candriam Corporate Presentation 10

11 WHO IS NEW YORK LIFE? New York Life was founded in 1845 The largest mutual life insurer in the US (1) Third by insurance premiums and sixth by total assets (2) Among the largest life insurance companies in the world Ranked 80th in the "Fortune 100" (1) New York Life has the highest possible financial strength ratings currently awarded to any U.S life insurer from all four of the major credit rating agencies A.M. Best (A++), Fitch (AAA), Moody s Investors Service (Aaa), Standard & Poor s (AA+) (3) The group focuses on two business lines: Insurance with New York Life and affiliates; Asset management with New York Life Investments (1) On the basis of revenues as reported by Fortune 500 ranked within Industries, Insurance: Life, Health (Mutual), Fortune magazine, 4 June (2) Source: American Council of Life Insurers 2014 factbook (3) Third Party Candriam Ratings Corporate based on financial Presentation strength as of September 2015 (Moody s, Fitch, S&P, A.M. Best). 11

12 DEEPLY COMPLEMENTARY New York Life Investments and Candriam AUM: US$ bn (1), of which US$ 205 bn in the New York Life General Account AUM: US$ bn (2) 2,169 employees 480 employees Strong US based asset management business Fully-fledged third-party distribution sales force Strong asset management business based in Europe Broad range of products and solutions Team dedicated to widening distribution Global firm with multi-boutique approach with dedicated investment firms Specialist multi-local entity with own corporate culture and entrepreneurial spirit Shared values and cultural fit (1) AuM as at 30 September 2015; includes assets of Candriam Investors Group; includes assets of Investment Advisors affiliated with New York Life Insurance Company, and assets under administration that includes non-proprietary mutual funds for Retail Annuities and other assets under administration. (2) AuM as at 30 September Candriam Corporate Presentation 12

13 TOWARDS AN EXCITING FUTURE February Creation (Belgium, Luxembourg, France, Switzerland) Expansion in Europe and the Middle East 2009 Maintain an efficient and resilient organisation 2011 Restructuring process CANDRIAM, A New York Life Company 1996 Pioneering of SRI & Alternatives Candriam Corporate Presentation 13

14 FROM STRONG LOCAL ROOTS TO INTERNATIONAL EXPANSION A 20-year track record of innovative client solutions 1990s 2000s Since 2010 Corporate Creation of Belgian, French, Luxembourg & Australian entities Swiss office opened Extending commercial presence into the Netherlands, Italy, Germany, Spain, Middle East, UK & Ireland UCITS III management company UN PRI signatory Major investments in IT systems (RiskMetrics, Sophis, Charles River, Salesforce) ISAE 3402 Type II certification UCITS IV / AIFM Capabilities & products First international equities & bond strategies First SRI funds First Alternative strategies First Emerging Markets equities & bonds strategies Range of Quantitative funds Expanding Thematic equities range Further innovation in SRI & Alternative Investments GIPS certification Further innovation in absolute return, downside protection and smart beta approach New funds: emerging debt local currencies, global sovereign quality, Australian microcap, demography Solutions Expanding asset allocation and pension fund expertise Creation of a dedicated ALM team Fund selection unit & Fiduciary management Reinforcing team dedicated to client solutions Investment solutions tailored to Solvency and IORP frameworks Candriam Corporate Presentation 14

15 CORPORATE & SOCIAL RESPONSIBILITY AT CANDRIAM Enduring success through a sustainable and transparent approach Being a responsible investor Being a responsible company Driving industry transparency and best practice (Active involvement in industry bodies, associations, think tanks, taskforces) Sustainable partnerships with clients A long-standing signatory to the UN Principles for Responsible Investment Participative corporate culture fostering staff creativity and responsible ambition Active proxy voting policy since 2003 and engaging with companies in which we invest Committed to sound corporate governance and robust compliance policies Pioneer in Sustainable and Responsible Investments (SRI) for nearly two decades Publication of yearly Sustainability Report proving our efforts as a responsible company Leading contributor to industry debate and best practices on ESG issues (*) (*) ESG: Environmental, Social and Governance Membership of Eurosif: the European Sustainable Investment Forum; EABIS: the Academy of Business in Society; Belsif: the Belgian Sustainable and Socially Responsible Investment Forum; FIR: the French Forum for Sustainable Investment; VBDO: Dutch Sustainable Investment Forum; Chaire Finance Durable et Investissements Responsables (France), Italian Forum per la Finanza Sostenibile; Forum Nachhaltige Geldanlagen (Germany, Switzerland, Austria), Sustainable Finance Geneva (Switzerland), Observatoire sur la Responsabilité Sociétale des Entreprises (ORSE) Club Finance Candriam Corporate Presentation 15

16 blog.candriam.com A M S T E R D A M B R U S S E L S D U B A I F R A N K F U R T L U X E M B O U R G M A D R I D M I L A N P A R I S G E N E V A L O N D O N This document is provided for information purposes only, it does not constitute an offer to buy or sell financial instruments, nor does it represent an investment recommendation or confirm any kind of transaction, except where expressly agreed. Although Candriam selects carefully the data and sources within this document, errors or omissions cannot be excluded a priori. Candriam cannot be held liable for any direct or indirect losses as a result of the use of this document. The intellectual property rights of Candriam must be respected at all times, contents of this document may not be reproduced without prior written approval. Warning: Past performances of a given financial instrument or index or an investment service, or simulations of past performances, or forecasts of future performances are not reliable indicators of future performances. Gross performances may be impacted by commissions, fees and other expenses. Performances expressed in a currency other than that of the investor's country of residence are subject to exchange rate fluctuations, with a negative or positive impact on gains. If the present document refers to a specific tax treatment, such information depends on the individual situation of each investor and may change. The present document does not constitute investment research as defined by Article 24, paragraph 1 of the Commission Directive 2006/73/EC. Candriam stresses that this information has not been prepared in compliance with the legal provisions promoting independent investment research, and that it is not subject to any restriction prohibiting the execution of transactions prior to the dissemination of investment research. Candriam consistently recommends investors to consult via our website the key information document, prospectus, and all other relevant information prior to investing in one of our funds. These documents are available either in English or in local languages for each country where the fund s marketing is approved.