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BPCE and Generali to Create the Largest Asset Manager in Europe by revenues and a Major Player Worldwide

21 January 2025

PRESS RELEASE from Generali Group on January 21st 2025: ‘BPCE and Generali to create the largest asset manager in Europe by revenues and a major player worldwide

In the context of a rapidly consolidating and evolving asset management industry, we are pleased to inform you that our parent company Generali have signed a non-binding memorandum of understanding with Natixis aimed to combine their asset management activities.

The joint venture, where each own 50% of the combined business, would establish a truly global leader in asset management, well-positioned for further growth, leveraging an international platform with strongholds in Europe, North America, along with significant growth potential in the Asia-Pacific region.

In doing so, it would bring together two entities with strong alignment of culture, philosophy, and operational models, presenting an enhanced and highly complementary multi-affiliate model designed to ultimately benefit clients.

Global Evolution will continue as a dedicated emerging markets affiliate, maintaining full autonomy over product development and investment process, with unchanged leadership and point of contacts.

Importantly, Woody Bradford, the current chair of Global Evolution and CEO of Generali Investment Holding, would be the CEO of the new joint venture which subject to customary regulatory approvals is expected to close by early 2026.

We are excited about the future and the enhanced opportunities this joint venture will bring. At the same time, we want to assure all clients of our unwavering commitment to maintaining strong client relationships, providing exceptional service, with a continued focus on driving further value creation.

 

Morten Bugge

CEO