Natixis Global Asset Management created an institutional services division to handle institutional sales and marketing for all 15 of Natixis money management subsidiaries. Peter Martin is president of the new division. The new group will focus on serving retirement platforms, subadvisers, defined-benefit plans, endowments and foundations, and corporate plans, according to a news release. What this provides (institutional investors) is a single point of access to all those money managers, said spokeswoman Faith Yando.
Mr. Martin was head of distribution of the Americas for Natixis Global Associates, which handled distribution of all Natixis retail and institutional products. Mr. Martin is not being replaced at Natixis Global Associates, Ms. Yando said.