Generali and Natixis Announce Strategic Asset Management Partnership

In a groundbreaking move, French banking group BPCE's Natixis Investment Managers and Italian insurer Generali have unveiled plans to merge their asset management operations. This strategic joint venture is set to create the second-largest fund management powerhouse in Europe, overseeing a colossal portfolio worth €1.9 trillion.

Under the terms of a non-binding memorandum of understanding, both entities will equally share a 50% stake in this ambitious partnership, which is structured to last for 15 years. This collaboration marks a significant milestone in the asset management sector, promising to redefine the landscape of European finance.

Leadership and Vision

Woody Bradford, the current chief executive of Generali's investment division, is poised to lead the newly formed entity, bringing his extensive experience and vision to the forefront. Nicolas Namias, serving as Natixis chair and CEO of BPCE, will take on the role of chair for this joint venture, ensuring a balanced and strategic direction for the partnership.