Natexis Banques Populaires and Goldman Sachs Asset Management launched...

Natexis Banques Populaires and Goldman Sachs Asset Management launched Asset Square, a manager of managers for French institutional and retail markets. One of the company’s first institutional clients will be Interépargne, a subsidiary of NBP that specializes in employer-sponsored savings plans, said Philippe Couvrecelle, CEO for Asset Square. The deal gives GSAM access to a distribution network in France, a market that can be difficult to enter without a local partner, said Alex Fletcher, GSAM managing director.