Natixis has appointed Joseph Pinto as chief operating officer of Natixis Investment Managers (Natixis IM) and Philippe Setbon as chief executive of asset management arm Ostrum.
Both would be members of the Natixis Executive Committee and the Natixis Investment Managers Management Committee.
Pinto would report to Jean Raby, chief executive of Natixis IM, and the newly-created COO role would help enhance operational efficiency.
Philippe would replace Matthieu Duncan, who resigned from his role as chief executive of Ostrum AM, but would stay in the role until the end of November.
François Riahi, chief executive of Natixis, said the dual addition of Setbon and Pinto gave the Natixis Executive Committee two leading asset management professionals.
“Joseph Pinto, whose international background perfectly fits with our setup, will bring significant added-value to our multi-affiliate business model at a truly transformative moment for the industry,” Riahi said.
“Philippe Setbon will lead one of our key strategic initiatives; the creation and development with La Banque Postale Asset Management of a European leader focused on insurance-related euro fixed income.”
Pinto began his career in 1992 with Crédit Lyonnais in New York, and had worked with Lehman Brothers, McKinsey & Cie, Banque Privée Fideuram Wargny and AXA IM.
Setbon began his career in 1990 as a financial analyst at Barclays Bank in Paris, and had also worked for Groupe AZUR-GMF, Rothschild & Cie Gestion, Generali Group, Groupama, and the French Asset Management Association.