Natixis has appointed a new chief operating officer for its investment manager brand, as well as new head to lead its subsidiary Ostrum Asset Management.
Joseph Pinto is taking the newly created role of COO at Natixis Investment Managers (Natixis IM), while Philippe Setbon will be chief executive of Ostrum.
Mr Setbon will replace Matthieu Duncan, who was said to resign from the Ostrum boss role to pursue other interests.
The handover will take place at the end of November.
Natixis said the formation of the COO role will reinforce the investment manager’s team and enhance its operational efficiency.
Mr Pinto will report to Jean Raby, CEO of Natixis IM and member of the senior management committee in charge of asset and wealth management.
Francois Riahi, CEO of Natixis commented: “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 set-up, will bring significant added value to our multi-affiliate business model at a truly transformative moment for the industry.
“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.”
Mr Raby added: “Joseph and Philippe’s recognised 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.”
Mr Pinto began his career in 1992 with Credit Lyonnais, working in the securitisation business in New York before moving to Lehman Brothers in London, in the corporate finance division.
From 1998 to 2001, he was project manager at McKinsey & Cie in Paris.
In 2001 to 2005, Mr Pinto was deputy chief executive and member of the board of directors at Banque Privée Fideuram Wargny.
He joined AXA IM in Janury 2007 as head of business development for France, South Europe and the Middle East.
Mr Pinto then took on the leadership of the markets and investment strategy department in 2011 and became COO in 2014, also serving as a member of AXA’s management board.
Meanwhile Mr Setbon started his career in 1990 as a financial analyst at Barclays Bank in Paris.
Between 1993 and 2003, he was with Groupe AZUR-GMF, first as a portfolio manager for European stocks, then as head of asset management.
Mr Setbon then moved to Rothschild & Cie Gestion as head of equity portfolio management before joining Generali Group in 2004 where he held a number of senior roles including CEO of Generali Investments Europe Sgr and chief investment officer of the group.
He joined Groupama in 2013 as CEO. Mr Setbon serves as vice-president of the French Asset Management Association.
Sarah Simpkins is a journalist at Momentum Media, reporting primarily on banking, financial services and wealth.
Prior to joining the team in 2018, Sarah worked in trade media and produced stories for a current affairs program on community radio.
You can contact her on [email protected].
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