Candriam Belgium S.A. (Brussels)

Name: Candriam Belgium S.A.
Address: 58, Avenue Des Arts, Brussels, 1000
Telephone: + 32 2 509 67 26

Candriam Belgium S.A. is a large advisory firm based in Brussels. It manages $95.75 billion of regulatory assets for 534 client accounts. It has been registered with the SEC as an adviser since 2014.

Candriam Belgium provides portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, publication of newsletters, and educational seminars and workshops. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Candriam Belgium: assets under management

The assets under management (AUM) of Candriam Belgium S.A. is $95.75 billion. The firm's AUM has grown by 7% since the beginning of its operation, and $95.42 billion of the total AUM is attributable to clients outside of the United States.

The firm manages $94.5 billion in discretionary accounts and $1.25 billion in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $177.97 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $416.69 million.

Investments

The firm invests in sovereign bonds the most. They account for 38% of the total AUM. The second-largest asset type is exchange traded securities, which make up 19% of the firm’s portfolio. Investments in pooled investment vehicles form 16% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Candriam Belgium S.A. for their services and products based on a percentage of assets under management and performance-based fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Jeffrey Scott Phlegar serves?

The firm provides services to insurance companies, investment companies, charitable organizations, pooled investment vehicles, banking or thrift institutions, corporations or other businesses, pension and profit sharing plans, and state or municipal government entities. The largest group of clients of Jeffrey Scott Phlegar is pooled investment vehicles with 196 clients and $56.89 billion of assets under management. Among the 11 most similar advisory firms, Candriam Belgium has the 2nd highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $95.68 billion for 529 clients. 100% of the firm’s clients are foreign persons or businesses.

Candriam Belgium also advises several private funds. Namely, twelve other private funds. The minimum investment commitment required of non-related persons ranges from $1 to $300,200.

Careers at Candriam Belgium S.A.

The company employs 268 people that are either part- or full-time employees. 40 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Jeffrey Scott Phlegar has been acting as President since 1 Feb 2014. Joel Martin Steinberg joined the executive team most recently as the Senior Vice President, Interim Chief Financial Officer & Chief Risk Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Candriam Luxembourg S.C.A.	Sole member/direct & sole interest holder	1 Dec 2003	75% - 100%	173355
Tanguy Marie De Villenfagne	Director and chairman of the board of management	1 Mar 2005	Other	6408966
Naim Abou Jaoude	Director and chief executive officer	1 Mar 2007	Other	6408927
Naim (Nmn) Abou Jaoude	Director and chief executive officer of candriam investors group	1 Mar 2007	Other	6408927
Pierre Georges Ernst	Chief operations officer	1 Mar 2009	Other	6408933
Vincent Leopold Hamelink	Director and member of the board of management	1 May 2009	Other	6408941
Jean Yves Marie Pierre Maldague	Chief financial officer	1 May 2009	Other	6408936
Pierre Guillaume Rene Stephane Veaux	Global head of legal and compliance	1 Jan 2010	Other	6408930
Daniel Ghislain Gillet	Independent director and chairman of the audit committee	1 Dec 2010	Other	6408967
Philippe Pierre Remy	Global head of compliance	1 Jul 2011	Other	6408928
Pierre Guillaume Rene Stephane Veaux	Global head of legal and compliance of candriam investors group	1 Jan 2012	Other	6621000
Henric Johannes Van Weelden	Director and member of the board of management	1 Jan 2012	Other	6408945
Yie Hsin Hung	Chairman of the board of directors and member of the audit committee	1 Feb 2014	Other	1586401
John Yong Kim	Director and member of the audit committee	1 Feb 2014	Other	2010539
John Thomas Fleurant	Director and member of the audit committee	1 Feb 2014	Other	2683258
John Michael Grady	Director and member of the audit committee	1 Feb 2014	Other	4380203
Jeffrey Scott Phlegar	Director	1 Feb 2014	Other	1761173
David Gerald Bedard	Director	1 Feb 2014	Other	5480913
Yie Hsin (Nmn) Hung	Chairman of the board of directors and member of the audit and compliance committee	1 Feb 2014	Other	1586401
Daniel Ghislain Gillet	Independent director and chairman of the audit and compliance committee	1 Feb 2014	Other	6408967
Philippe Pierre Remy	Chief compliance officer	1 Oct 2014	Other	6408928
Myriam Marie Louise Vanneste	Director	1 Jan 2015	Other	6468947
Caroline M Hailey	Chief compliance officer, u.s. affairs	1 Feb 2015	Other	6468255
Caroline Mchale Hailey	Chief compliance officer, u.s. affairs	1 Feb 2015	Other	6468255
Christopher Owsley Blunt	Director and member of the audit committee	1 Dec 2015	Other	1557026
Simon Antoine Marquaire	Chief compliance officer, u.s. affairs	1 Jun 2016	Other	6659123
Alexandra Anne Nallet	Chief compliance officer, u.s. affairs of candriam investors group	1 Sep 2017	Other	6863660
Anthony Ramsey Malloy	Director and member of the audit and compliance committee	1 Dec 2017	Other	3035428
Kirk Christopher Lehneis	Director	1 Dec 2018	Other	6773807
Joel Martin Steinberg	Senior vice president, interim chief financial officer & chief risk officer	1 Apr 2019	Other	7117687

Indirect Owners

The SEC currently registers 11 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
New York Life Insurance Company	Indirect interest holder	1 Dec 1999	75% - 100%	13-5582869
New York Life Investment Management Holdings Llc	Indirect interest holder	1 Dec 1999	75% - 100%	52-2206682
New York Life Investment Management Global Holdings S.à R.L.	Indirect interest holder	1 Sep 2013	75% - 100%	98-1130595
New York Life Investment Management Holdings International S.à R.L.	Indirect interest holder	1 Oct 2013	75% - 100%	98-1135858
New York Life Investment Management Holdings Ii International S.à R.L.	Indirect interest holder	1 Oct 2013	75% - 100%	98-1135948
New York Life Insurance Company	Indirect interest holder	1 Feb 2014	75% - 100%	13-5582869
New York Life Investment Management Holdings Llc	Indirect interest holder	1 Feb 2014	75% - 100%	52-2206682
New York Life Investment Management Holdings International S.à R.L.	Indirect interest holder	1 Feb 2014	75% - 100%	98-1135858
New York Life Investment Management Holdings Ii International S.à R.L.	Indirect interest holder	1 Feb 2014	75% - 100%	98-1135948
Candriam Group	Indirect interest holder	1 Feb 2014	75% - 100%	98-1130595
Candriam Luxco S.A.R.L	Indirect interest holder	1 Sep 2014	Other	foreign entity

Based in Brussels

The principal office where Candriam Belgium S.A. performs its advisory services is located at 58, Avenue Des Arts, Brussels, 1000, which is also the mailing address of the firm. The firm also has an office outside of the United States.

You can reach the main office by calling the phone number + 32 2 509 67 26 or by fax + 32 2 509 67 07. The normal business hours are 9:30-5:30 on Monday - Friday. You can find more information about the New York firm at candriam.com.