BOSTON--(BUSINESS WIRE)--Natixis Global Asset Management today announced organizational changes at NexGen Financial L.P. NexGen, now known as NGAM Canada L.P., will continue to serve Canadian financial advisors and their clients through their growing line-up of innovative mutual fund products. Under the Natixis umbrella, the firm will have two distinct focus areas: one group will focus on continuing to build the firm’s investment management expertise while the other will focus on the wholesale distribution of the firm’s Canadian mutual fund offering.
“These enhancements better position the firm to serve the market with a combination of outstanding distribution and access to our broad range of mutual funds,” said John Hailer, Chief Executive Officer of Natixis Global Asset Management for the Americas and Asia. “We are currently evaluating opportunities to expand our product line-up to provide Canadian investors with additional access to our numerous money managers from around the world.”
Natixis plans to grow the existing mutual fund offering, drawing on the strength of its global network of more than 20 affiliated asset managers to bring expertise across asset classes and investment styles to Canadian investors. The firm’s Canadian investment management efforts will be led by co-CEO Jeffrey Young. Young joined NexGen in 2005, has served as Chief Investment Officer since 2010, and has almost 20 years of experience in the financial services industry. He will report to John Hailer, Chief Executive Officer of Natixis Global Asset Management for the Americas and Asia.
The firm’s distribution efforts will be led by co-CEO Abe Goenka. Goenka joined NexGen in 2007, has served as Chief Financial Officer since 2010, and has more than 15 years of experience in the financial services industry. He will report to David Giunta, President and Chief Executive Officer of Natixis Global Asset Management, U.S. and Canadian Distribution.
Natixis has created a new position and promoted James Roach to Executive Vice President, Head of Sales for Canada, reporting to Abe Goenka. Roach has been with Natixis for 13 years, serving most recently as sales desk manager at the firm’s Boston headquarters.
NexGen was acquired by Natixis in December 2014. The following legal name changes are effective August 21, 2015:
Previous Legal Name
New Legal Name
|NexGen Financial Corporation||Holding company||Natixis Global Asset Management Canada Corp.|
|NexGen Financial Limited Partnership||Operating company (employer)||NGAM Canada LP|
General Partner of operating company
|NGAM Canada Limited|
|NexGen Investment Corporation||Mutual fund corporation – houses fund family||NGAM Canada Investment Corporation|
About Natixis Global Asset Management
Natixis Global Asset Management, S.A. is a multi-affiliate organization that offers a single point of access to more than 20 specialized investment firms in the Americas, Europe and Asia. The firm ranks among the world’s largest asset managers.1 Through its Durable Portfolio Construction® philosophy, the company is dedicated to providing innovative ideas on asset allocation and risk management that can help institutions, advisors and individuals address a range of modern market challenges. Natixis Global Asset Management, S.A. brings together the expertise of multiple specialized investment managers based in Europe, the Americas and Asia to offer a wide spectrum of equity, fixed-income and alternative investment strategies.
Headquartered in Paris and Boston, Natixis Global Asset Management, S.A.’s assets under management totaled $904.3 billion (€811.6 billion) as of June 30, 2015.2 Natixis Global Asset Management, S.A. is part of Natixis. Listed on the Paris Stock Exchange, Natixis is a subsidiary of BPCE, the second-largest banking group in France. Natixis Global Asset Management, S.A.’s affiliated investment management firms and distribution and service groups include Active Investment Advisors;3 AEW Capital Management; AEW Europe; AlphaSimplex Group; Aurora Investment Management; Axeltis; Capital Growth Management; Cube Infrastructure Managers; Darius Capital Partners; DNCA Investments;4 Dorval Finance;5 Emerise;6 Gateway Investment Advisers; H2O Asset Management;5 Harris Associates; IDFC Asset Management Company; Loomis, Sayles & Company; Managed Portfolio Advisors;3 McDonnell Investment Management; Mirova;5 Natixis Asset Management; Ossiam; Seeyond;7 Snyder Capital Management; Vaughan Nelson Investment Management; Vega Investment Managers; and Natixis Global Asset Management Private Equity, which includes Seventure Partners, Naxicap Partners, Alliance Entreprendre, Euro Private Equity, Caspian Private Equity and Eagle Asia Partners. Visit ngam.natixis.com for more information.
1 Cerulli Quantitative Update: Global Markets 2015
ranked Natixis Global Asset Management, S.A. as the 17th largest
asset manager in the world based on assets under management ($890.0
billion) as of December 31, 2014.
2 Net asset value as of June 30, 2015. Assets under management (AUM) may include assets for which non-regulatory AUM services are provided. Non-regulatory AUM includes assets which do not fall within the U.S. Securities and Exchange Commission’s definition of ‘regulatory AUM’ in Form ADV, Part 1.
3 Division of NGAM Advisors, L.P.
4 A brand of DNCA Finance.
5 A subsidiary of Natixis Asset Management.
6 A brand of Natixis Asset Management and Natixis Asset Management Asia Limited, based in Singapore and Paris.
7 A brand of Natixis Asset Management.
Not all affiliates available in all jurisdictions.