The company’s client relations department now consists of three divisions; European client relations, international client relations and business development.
Under the new structure, the European client relations division will regroup the client relations teams of Dexia AM Luxemburg, Netherlands-Nordics, Germany-Austria, Switzerland and Italy. Global Head of European Client Relations Renato Guerriero will continue to manage the Italian branch of Dexia AM, while the client relations teams in Belgium and France will continue to report directly to the members of the company’s executive committee.
The international client relations division is under the responsibility of Javier Ruiz-Villabrille and comprises the client relations teams of Spain-Portugal-Latin America, Middle East, Canada, the UK-Ireland as well as the company’s third-party distribution team.
The company has also created a new business development division, which will be headed by Michael Vanderelst and will concentrate on entering new client segments or regions. Vanderelst will continue to manage the central banks and international institutions and the consultant relations teams.
Commenting on the new division, Vanderelst said: “After successfully growing its institutional business, first within Europe and later in a limited number of geographical regions, Dexia Asset Management is now ready to consider entering into new client segments where there is, or will be a considerable amount of money to be managed.”