AUSTRALIA - Crédit Agricole Asset Management Group (CAAM Group) has launched a separate Australian business following its successful opening of an office in Sydney.
Richard Borysiewicz, country head, Australia and New Zealand, said: "The opening of CAAM Australia is an important strategic step and recognises the importance of the Australian and New Zealand markets for CAAM Group.
Borysiewicz continued: "The Sydney office has seen positive growth over the last year and will continue to focus on institutional and multi-manager clients through high quality, innovative products and outstanding local support."
CAAM Australia has appointed John Maragiannis as director of distribution.
Maragiannis joined from Crédit Suisse Asset Management (CSAM) where he was head of institutional sales until March 2006.
Prior to this he ran the institutional sales function for Schroders Investment Management.
In Paris, CAAM has appointed Laurent Crosnier as head of Euro fixed income and credits.
Crosnier, who replaced Jean-Francois Boullier, has also become a member of the CAAM Executive Committee.
Most respondents in this week's Pensions Buzz do not think businesses should be able suspend AE contributions if in financial distress.
Former BHS owner Dominic Chappell has lost the appeal against his section 72 conviction and sentence for failing to hand over information to The Pensions Regulator (TPR).
This week's top stories include Marsh and McLennan Companies agreeing to buy JLT, and the home secretary calling for AE to be scrapped in a no-deal Brexit scenario.
Lesley Titcomb says the watchdog wants closer interactions with pension funds to spot problems sooner and act before having to use its more stringent powers