Natixis Global Asset Management has announced organisational changes at NexGen Financial. NexGen, now known as NGAM Canada, will continue to serve Canadian financial advisors and their clients through their growing line-up of innovative mutual fund products.
Under the Natixis umbrella, the firm will have two distinct focus areas: one group will focus on continuing to build the firm’s investment management expertise while the other will focus on the wholesale distribution of the firm’s Canadian mutual fund offering.
“These enhancements better position the firm to serve the market with a combination of outstanding distribution and access to our broad range of mutual funds,” says John Hailer, Chief Executive Officer of Natixis Global Asset Management for the Americas and Asia. “We are currently evaluating opportunities to expand our product line-up to provide Canadian investors with additional access to our numerous money managers from around the world.”
Natixis plans to grow the existing mutual fund offering, drawing on the strength of its global network of more than 20 affiliated asset managers to bring expertise across asset classes and investment styles to Canadian investors. The firm’s Canadian investment management efforts will be led by co-CEO Jeffrey Young (pictured). Young joined NexGen in 2005, has served as Chief Investment Officer since 2010, and has almost 20 years of experience in the financial services industry. He will report to John Hailer, Chief Executive Officer of Natixis Global Asset Management for the Americas and Asia.
The firm’s distribution efforts will be led by co-CEO Abe Goenka. Goenka joined NexGen in 2007, has served as Chief Financial Officer since 2010, and has more than 15 years of experience in the financial services industry. He will report to David Giunta, President and Chief Executive Officer of Natixis Global Asset Management, U.S. and Canadian Distribution.
Natixis has created a new position and promoted James Roach to Executive Vice President, Head of Sales for Canada, reporting to Abe Goenka. Roach has been with Natixis for 13 years, serving most recently as sales desk manager at the firm’s Boston headquarters.