Placing a bet on the potential of the investment markets in Australia and New Zealand, CrTdit Agricole Asset Management (CAAM) group has opened a sales and representative office in Sydney, to be headed by Richard Borysiewicz.

The fund management company, which has about $661 billion in assets under management worldwide, plans to build on its initial success in Australia and New Zealand by focusing primarily on the institutional market. The products that have been earmarked to pitch to the local market are global fixed income, absolute return, currency, funds of hedge funds, Asian equities and structured products.

Borysiewicz joins CAAM from Skandia Australia where he was executive director and head of sales and marketing. Prior to that, he spent three years as head of institutional sales and client services at BT Fund Management and the previous nine years with Rothschild Australia Asset Management, where he was promoted from head of the tetail business to director of institutional services in 1999.

ôThe Australian pension fund market is one of the largest in the world and I am certain that this new development, combined with CAAMÆs longstanding experience in the Asia-Pacific region, will further contribute to the groupÆs initial success here,ö says Borysiewicz. We are aiming at deliver high quality sales and client servicing to CAAMÆs existing and future institutional clients.ö

Borysiewicz will oversee the setting up of the company in Sydney, with the support of FrTdTric Destor, who is relocating from CAAMÆs headquarters in Paris. Destor will coordinate between CAAMÆs different centres of expertise around the world and more specifically in Asia. This organisation will enable CAAM to provide the best level of service to its Australian and New Zealand clients.