France’s Natixis has appointed Joseph Pinto from Axa Investment Managers as chief operating officer (COO) of Natixis Investment Managers (Natixis IM).
Pinto, who was working in Axa IM in the same designation, will report to Natixis Investment Managers CEO Jean Raby. He is expected to assume his responsibilities in the coming months.
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Natixis has also recruited Philippe Setbon as CEO of Ostrum Asset Management. Setborn will replace Matthieu Duncan at the end of next month.
Under the new roles, Pinto and Setbon will be members of the Natixis Executive Committee and the Natixis Investment Managers Management Committee.
Natixis CEO François Riahi said: “With Philippe Setbon and Joseph Pinto, we welcome to the Natixis Executive Committee two leading asset management professionals.
“Joseph Pinto, whose international background perfectly fits with our setup, will bring significant added-value to our multi-affiliate business model at a truly transformative moment for the industry.
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By GlobalData“Philippe Setbon will lead one of our key strategic initiatives; the creation and development with La Banque Postale Asset Management of a European leader focused on insurance-related euro fixed income.”
Raby said: “Joseph and Philippe’s recognised experience and expertise will bolster Natixis IM and Ostrum AM’s growth and operational efficiency and will contribute to further power the continued development of our business.”
In May this year, Natixis IM acquired 11% stake in Canada’s Fiera Capital for C$128.2m ($95.2m).
