The former head of institutional sales at Credit Suisse Asset Management (CSAM), John Maragiannis, will next month take a senior distribution role after nearly a year out of the industry.
Maragiannis will from February 1 assume the role of ‘director of distribution’ at Credit Agricole Asset Management, reporting to country head Richard Borysiewicz. The sole sales and marketing presence for the $1 billion-plus raised by Credit Agricole AM out of Australia so far, Borysiewicz said Maragiannis was attracted to the firm for the same reasons he had been. “;You’re starting with a clean slate in Australia, not cleaning up someone else’s mess, and you’re representing a huge and well-resourced global organisation with a wide range of quality products,”; he said. Maragiannis will focus on potential institutional and multimanager clients for Credit Agricole AM’s global fixed interest, emerging market equity, hedge fund-of-fund and structured products, as well as its ‘Var8’ absolute return fund, based on a blend of non-OECD bonds, currency and equity. Maragiannis left CSAM in March 2006 after a couple of years, prior to which he had run institutional sales for Schroder Investment Management.
Future Fund chief investment officer Ben Samild said that FY24 has been a great year for alpha creation, thanks to strong returns in equities and, unusually, across multiple hedge fund strategies all at the same time. He reflected the past few years have been “a difficult time to be an asset owner and to generate positive returns for risk assets” but the Future Fund is tracking well of its long-term mandate.
Simon Hoyle and Darcy SongSeptember 4, 2024
