French investment bank Crédit Agricole Asset Management (CAAM) has opened an office in Sydney, citing the 'strong potential' of Australian markets.
CAAM, which has $887 billion under management worldwide, has appointed former Skandia executive director Richard Borysiewicz to run the operation.
Before joining Skandia Borysiewicz spent three years as head of institutional sales at BT Fund Management and the previous nine years with Rothschild Australia Asset Management, where he was director of institutional services.
"Our primary focus will be the institutional market, aiming at delivering high quality sales and client servicing to CAAM's existing and future clients," Borysiewicz said of the Sydney office.
He will be joined by Frédéric Destor, who is relocating from CAAM's headquarters in Paris. Destor will coordinate between CAAM's different offices around the world and more specifically in Asia.
Borysiewicz will report to Jean-Yves Colin, executive vice president of CAAM and responsible for the Asia-Pacific region.
