Natixis Global Asset Management aims to acquire fund managers in Asia in a bid to double its assets under management in the region by 2020.
“We are looking across the region for businesses or teams which expand our current global offering, in particular in pan-Asian equities, fixed income and alternatives,” said Fabrice Chemouny, the firm's newly appointed head of Asia Pacific.
The Paris-based company operates a multi-affiliate model, in which the fund managers it acquires retain their own brand names and enjoy a high degree of independence. Among the fund companies in the group are Loomis Sayles and Harris Associates.
Chemouny said he hoped that, by 2020, the Asia-Pacific region would account for a tenth of the company's overall assets.
Natixis Global Asset Management recently acquired
an Australian equity manager, Investors Mutual, giving it access to the Australian retail market.
©2017 funds global asia