Philippe Setbon has been appointed chief executive officer (CEO) of Natixis Investment Managers, having formally commenced in his new capacity on Friday.
Mr Setbon will be at the helm of Groupe BPCE’s asset and wealth management business, and has been appointed a member of the group’s senior management committee in addition to the BPCE executive committee.
He succeeds Tim Ryan who, after two years as Natixis CEO, announced his intention to pursue his career outside the group.
Mr Setbon joins the firm from Ostrum Asset Management, where he has served as CEO since 2019.
Before this, he spent five years as CEO of Groupama Asset Management, and had a seven-year stint at Generali Group across a number of senior roles.
Mr Setbon, who began his career in 1990 as a financial analyst with Barclays Bank in Paris, was also elected president of the French Asset Management Association (AFG) in June 2022.
Nicolas Namias, chairman of the BPCE management board, welcomed Mr Setbon to the group.
“In the asset management business, where we are a global leader, the arrival of Philippe Setbon, currently chief executive officer of Ostrum AM, president of the French Asset Management Association and recognised by his peers, will be a key factor in optimising the performance of our model and driving our growth ambitions,” Mr Namias said.
Stéphanie Paix, CEO of BPCE’s global businesses, added: “Asset and wealth management is a core business for the group and one of global standing and a source of growth and diversification.”
“Philippe Setbon’s appointment recognises his successful work over the last four years as chief executive officer of Ostrum AM, our specialist fixed income and insurance-related investment management affiliate, and adds to his particularly rich and diverse career in the asset management industry,” Ms Paix continued.
“His new responsibilities will allow him to harness all his experience and know-how in order to develop the group’s asset and wealth management business.”
She also thanked Mr Ryan for his tenure as Natixis CEO: “[Mr Ryan] notably simplified and leveraged our model’s particularly rich offering and steered the transformation of the transversal and control functions, always in the interest of client centricity.”
