05.18.2021

Candriam Buys Stake In IZNES

Founded in 2017 by a consortium of French asset management companies, IZNES is a platform designed for asset managers and their clients. The addition of CANDRIAM, a global multi-asset manager focused on sustainable and responsible investments, enables IZNES to extend its reach to international markets.

We have seen many disruptions across the fund distribution industry over the last few months. This has accelerated consolidation and created an imbalance that could prove detrimental for asset management firms.

In January 2021, IZNES saw its first insurer (GENERALI Vie) and first social protection group (Groupe APICIL) acquire an equity stake. This confirmed a solution had been adopted by the buy side. Today, IZNES has achieved a new milestone as CANDRIAM – an asset manager with extensive roots in the heart of Europe as well as offices across the UK, Middle East, Asia and the US – joins its shareholder ranks.

Having contributed to the project for more than two years, CANDRIAM is consolidating its commitment to developing the platform towards optimising transaction costs and processes, both in France and Luxembourg.

A pan-European investment platform, with integrated blockchain technology, IZNES offers a complete solution which is both simple and secure from initial introduction to registration. The platform is now being deployed internationally.

Since its operational launch in March 2019, this asset service integrated solution has enabled nearly €20 billion of transactions to be processed as at end of April 2021.

Fabrice CUCHET, COO of Candriam said: “By purchasing a stake in IZNES, CANDRIAM has underscored its determination to invest in cutting-edge technologies and new operational solutions that will benefit our clients. We are also thrilled to contribute to the development of innovative solutions offered by IZNES and to support a French fintech with a promising international future.”

Christophe Lepitre, CEO of IZNES added: “I am delighted to welcome CANDRIAM as a new IZNES shareholder. The group boasts solid experience in portfolio management and international fund distribution, and its expertise will prove invaluable for our development outside France.”

Source: Candriam

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