MONEY MANAGEMENT

CANDRIAM is Dexia’s new name under NYLIM

Dexia Asset Management has been renamed CANDRIAM, following its acquisition by New York Life Investment Management International.

CANDRIAM is an acronym for “Conviction and Responsibility in Asset Management,” said Naim Abou-Jaoude, CEO of CANDRIAM and vice chairman of New York Life Investment Management International, in a news release.

CANDRIAM was acquired Feb. 3 by New York Life Investments for €380 million ($519.4 million). CANDRIAM has € 73 billion of assets under management.