New York Life Names Naïm Abou-Jaoudé as CEO of New York Life Investment ManagementVincent Hamelink to become CEO of Candriam
Renato Guerriero to serve as Deputy CEO of Candriam
NEW YORK, January 30, 2023 - New York Life, America’s largest mutual life insurer1, today announced
that Naïm Abou-Jaoudé has been named Chief Executive Officer of New York Life Investment
Management (NYLIM)2. Mr. Abou-Jaoudé is currently the CEO of Candriam, a global multi-specialist
asset manager with $149 bn of assets under management3, active in 20 countries, and one of New York
Life’s largest investment subsidiaries. Mr. Abou-Jaoudé is also the Chair of New York Life Investment
Management International, a division of NYLIM. Mr. Abou-Jaoudé will report into Alain Karaoglan, Headof the Strategic Businesses at New York Life.
Following a distinguished 30-year career in investment management, including 16 years as the CEO ofCandriam, Mr. Abou-Jaoudé will assume the role of CEO of the global investment management businessof New York Life on May 1, 2023. He will be responsible for NYLIM’s global multi-boutique operation,with offices in the U.S., U.K., Europe, Asia, and Australia, and its diversified U.S. mutual fund and ETF
operating platforms.
“Naïm is an accomplished leader in the global investment management industry with a strong trackrecord of achievements as CEO of Candriam. I am very confident in the leadership and vision that he willbring to NYLIM in the years to come,” said Craig DeSanto, CEO and President, New York Life.
Over the past decade, NYLIM has seen its assets under management more than double to $371 bn4through a combination of geographic expansions, organic initiatives, and acquisitions. Today, NYLIM’sinternational business represents 45% percent of total assets under management.
“Candriam is one of the fastest-growing asset managers in Europe, a success story we’re very proud toshare, doubling assets under management since Candriam was acquired. 5 I have full confidence that
under Naïm’s direction, NYLIM including Candriam will continue on their growth trajectories,” said Alain
Karaoglan.
Vincent Hamelink, Candriam Chief Investment Officer, will succeed Mr. Abou-Jaoudé as CEO ofCandriam and Renato Guerriero, Chief Sales and Distribution Officer, will serve as Deputy CEO in chargeof Global Development and Distribution, both effective May 1, 2023. At that time, Mr. Abou-Jaoudé willtransition to Chair of the Board of Directors at Candriam.
Naïm Abou-Jaoudé said: “I am honored to lead NYLIM as its CEO. I have been part of the New York Life
family for almost a decade and during this time I have witnessed a firm that demonstrates the finest
principles of asset management. I am confident we will continue to deliver significant long-term value toall our stakeholders.”"I am immensely proud to pass Candriam’s leadership to Vincent Hamelink and Renato Guerriero, whohave been instrumental in the company’s growth, developing an investment platform that has
consistently delivered long-term returns to investors and accelerating demand for the Candriam brand. I
look forward to Candriam’s continued success under their leadership,” added Abou-Jaoudé.

Vincent Hamelink said: “I have worked with Naïm for over 20 years, developing Candriam’s business andinvestment platform that is today known for its high performing fund management capabilities andinnovative investment solutions. It is a privilege to take over the role of CEO and I am confident that wewill continue to deliver significant value to our clients, shareholder, and all our stakeholders.”

About New York LifeNew York Life Insurance Company (www.newyorklife.com), a Fortune 100 company founded in 1845, isthe largest mutual life insurance company in the United States1 and one of the largest life insurers in theworld. Headquartered in New York City, New York Life’s family of companies offers life insurance,
retirement income, investments, and long-term care insurance. New York Life has the highest financial
strength ratings currently awarded to any U.S. life insurer from all four of the major credit rating
agencies6.
About Candriam
Candriam stands for “Conviction AND Responsibility In Asset Management” and is a European multispecialist asset manager. A pioneer and leader in sustainable investments since 1996, Candriam has€139 bn of assets under management3 and a team of more than 600 professionals. It operates
management offices in Luxembourg, Brussels, Paris, and London, and has client representatives in morethan 20 countries throughout continental Europe, the United Kingdom, the United States, and theMiddle East. Candriam offers investment solutions7 in several key areas: bonds, equities, absoluteperformance strategies, and asset allocation, with a broad and innovative range of ESG strategies
covering all its asset classes.
New York Life Investments ranks among the world's largest asset managers8.
For more information visit: www.candriam.com.
For media enquiries, please contact:
New York Life
Allison Scott+1 212 576 4517
awscott@newyorklife.com

1Candriam
Jennifer Spivey+44 7852 585168
jennifer.spivey@candriam.com

Based on revenue as reported by “Fortune 500 ranked within Industries, Insurance: Life, Health (Mutual),”Fortune magazine, 5/23/2022. For methodology, please see http://fortune.com/fortune500/.
2New York Life Investment Management (NYLIM) refers to New York Life Investment Management LLC and to New
York Life’s global multi-boutique asset management businesses which includes MacKay Shields LLC, Candriam
S.C.A., IndexIQ Advisors LLC, Apogem Capital LLC, and Ausbil Investment Management Limited. New York LifeInvestment Management is part of New York Life Investments, both a service mark, and the common trade name,of certain investment advisors affiliated with New York Life Insurance Company. New York Life Investments has$661 bn of AUM.3

3Assets under management (AUM) are as of 12/31/2022 and include certain assets that do not qualify asRegulatory Assets Under Management.
4Includes assets of the investment advisers affiliated with New York Life Insurance Company, other than Kartesia
Management, and Tristan Capital Partners, as of December 31, 2022.
5Candriam was acquired by New York Life in February 2014.
6
Individual independent rating agency commentary as of 10/18/2022: A.M. Best (A++), Fitch (AAA), Moody’sInvestors Service (Aaa), Standard & Poor’s (AA+).
7
Not all products and services are available to all investors or in all regions.
8Source: New York Life Investments ranked 27th among the world’s largest money managers within Pensions &Investments, June 2022. Rankings are based on total worldwide institutional assets under management for theyear-end 2021.