Natixis Investment Managers is transferring €50 billion in management activities from Natixis IM International to its wealth management business subsidiary Vega Investment Managers, effective January.
The reorganisation will provide a single hub for parent company BPCE’s employee savings and retirement services.
Vega Investment Management will be renamed Vega Investment Solutions (Vega IS) following the transfer. Its assets under management will grow to almost €70 billion. Natixis Investment Management will take a 51% share in Vega IS capital, currently entirely held by Natixis Wealth Management.
Marc Riez, general manager of Vega Investment Management, will continue to lead the business.
A spokesperson for Natixis declined to comment on the news.
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