Natixis appoints new of asset management head

French banking group Natixis has appointed Jean Raby as head of asset management, private banking and private equity business lines.

Raby, whose service will be effective 20 February, will also serve as a member of the senior management committee.

Raby joined Natixis from French telecommunication firm SFR, where he was CFO and member of the executive committee.

Prior to SFR, he served as executive vice-president and chief financial and legal officer at Alcatel-Lucent; head of Goldman Sachs’ Paris office, and co-CEO of Goldman Sachs’ activities in Russia.

He also worked as co-CEO of IBD in France, Belgium and Luxembourg; and as a corporate lawyer at Sullivan & Cromwell in New York and Paris.

Natixis CEO Laurent Mignon said: “I would like to applaud Pierre Servant and thank him for his vital contribution to the success of Natixis’ strategy and in particular to the outstanding growth of the asset management business during his time at the helm.

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“His vision for the business and his involvement with teams have made Natixis Global Asset Management one of the main asset managers worldwide with more than €830 bn of assets under management in the space of 10 years, in a highly competitive market. His contribution as Senior Advisor will be crucial as we prepare Natixis’ next strategic plan.

“His broad range of skills, his leadership experience in prominent companies and his personal qualities will be key advantages as we further expand our Investment Solutions businesses to serve Groupe BPCE and its goals.”