Natixis IM appoints two leading asset management pros
Appointments come at transformative moment for the industry
NATIXIS announced on October 16 the dual appointment of Joseph Pinto as chief operating officer (COO) of Natixis Investment Managers (Natixis IM) and Philippe Setbon as chief executive officer (CEO) of Ostrum Asset Management (Ostrum AM).
Pinto and Setbon will both be members of the Natixis executive committee and of the Natixis investment managers management committee.
The creation of the COO role for Natixis IM and the appointment of Pinto – who will take up his role in the coming months – reinforces the management team of Natixis IM and will enhance its operational efficiency. He will report to Jean Raby, CEO of Natixis IM, member of the senior management committee of Natixis in charge of asset and wealth management.
Pinto began his career in 1992 with Crédit Lyonnais. He joins Natixis IM from AXA IM where he held a succession of senior roles before becoming chief operating officer in 2014 and serving as a member of AXA IM’s management board.
Setbon will replace Matthieu Duncan who has resigned from his role as chief executive officer of Ostrum AM in order to pursue other interests. He will take up his role at the end of November, until which time Duncan will remain in his role.
Setbon began his career in 1990 at Barclays Bank in Paris. He joins Ostrum AM from Groupama where he served as CEO of Groupama Asset Management since 2013. He serves as vice president of the French Asset Management Association (AFG).
François Riahi, chief executive officer of Natixis, says, “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,” he continues.
“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,” he adds.
Raby says, “Joseph and Philippe’s recognized 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.”
“I thank Matthieu Duncan for his contribution to the successful transformation and repositioning of Ostrum AM that he has overseen over the past three years,” he adds.
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17 Oct 2019