Natixis Asset Management and Dorval Finance strengthen their strategic partnership.
After six years of fruitful cooperation, Natixis Asset Management and Dorval Finance are strengthening their strategic partnership. On 9 September, Natixis Asset Management increased its stake in Dorval Finance from 25% to 50.1%.
For Dorval Finance, a specialist in conviction-driven flexible management, the goal is to accelerate its development in France and internationally with private wealth clients, independent financial advisers and institutional investors. For this purpose, Dorval Finance will rely on both Natixis Global Asset Management’s global distribution platform and the French banking networks of Groupe BPCE. Dorval Finance will also continue to benefit from the assistance and expertise of Natixis Asset Management’s support functions while preserving its autonomous and independent investment management.
Pascal Voisin, Chief Executive Officer, Natixis Asset Management explains : “Taking a majority stake in Dorval Finance is in line with Natixis Global Asset Management’s strategy of extending its multiaffiliates model in Europe to offer investors a broad range of high-performing and innovative solutions”.
Louis Bert, Deputy CEO and CIO of Dorval Finance adds : “Since we first set up our strategic partnership with Natixis Asset Management, we have achieved a fivefold increase in assets under management. Today, our new ambition is to reach $1 billion in assets under management by 2017. To reach this goal, we benefit from the sales force of the distribution platform of Natixis Global Asset Management, one of the world leaders in asset management, as well as the powerful networks of Groupe BPCE, France’s second-largest banking group”.