Natixis Investment Managers is set to merge with the asset management arm of Italian insurer Generali in a tie-up that would create the largest European asset manager by revenue, according to BPCE.
The agreement, announced yesterday by BPCE — Natixis IM’s parent company — and Generali, will see the launch of an asset manager with €1.9trn (£1.6trn) assets under management.
The parent companies will own 50% each of the combined business, with balanced governance and control rights.
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BPCE CEO Nicolas Namias will chair the board of the new entity, with Generali CEO Philippe Donnet as vice chair.
Meanwhile, current Generali Investments Holding CIO Woody Bradford would serve as CEO, with Natixis IM CEO Philippe Setbon as deputy CEO.
Subject to regulatory approval, the merger is expected to complete by early 2026.
Both parties cited critical scale, an enhanced offering in private assets to meet growing demand, and strengthened global distribution capabilities as some of the factors behind the deal.
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