MONEY MANAGEMENT

Natixis Global Asset Management taps next CEO

Jean Raby was named CEO of Natixis Global Asset Management, effective Feb. 20.

Mr. Raby will become a member of the firm's senior management committee, and will lead the firm's money management, private banking and private equity business lines.

He will replace Pierre Servant, who is stepping down for health reasons, said a spokesman. Mr. Servant will remain with the firm in a new role as senior adviser to Laurent Mignon, CEO of parent firm Natixis. Mr. Servant will provide strategic guidance and advisory for the firm and will remain a member of the senior management committee.

“I would like to applaud (Mr.) Servant and thank him for his vital contribution to the success of Natixis' strategy and in particular to the outstanding growth of the asset management business during his time at the helm,” said Mr. Mignon in a news release Thursday.

Mr. Raby was previously chief financial officer and a member of the executive committee at French telecommunications group SFR.

In a separate news release, Natixis Global Asset Management said David Giunta was promoted to president and CEO for the U.S. and Canada.

The appointment is an expansion of his current role as president and CEO of U.S. and Canadian distribution. He is responsible for the firm's affiliated money managers in the region, and will continue to oversee distribution in the markets.

He assumed the responsibilities from John Hailer, president and CEO for the Americas and Asia, who plans to retire from the firm “to dedicate himself more fully to public service and philanthropic work.” Mr. Hailer will remain at the firm until the end of April.

Herve Guinamant will continue to oversee international distribution, including Asia, reporting directly to Mr. Raby, the spokesman said. Mr. Giunta will also report to Mr. Raby.

Natixis GAM has $877 billion of assets under management.