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Natixis rebrands, announces new targets

Natixis rebrands, announces new targets

Natixis Global Asset Management has rebranded to Natixis Investment Managers to better highlight its multi-affiliate model, the company said.

The fund group, headquartered in Paris and Boston, currently has 26 affiliates. Its Paris-based affiliate - Natixis Asset Management - will be rebranded in 2018, while all the other firms will retain their current brands.

Separately, the firm has outlined its financial targets for 2020. It includes a 5% compound annual growth rate in the next three years, amounting to EUR 10 billion ($11.7 billion) in net revenues.

Natixis is also targeting a return on tangible equity of 13%-14.5% and a common equity tier-1 ratio of 11% with EUR 4 billion of capital available for distribution throughout the plan.

What’s more, the firm is aiming between EUR 3-4 billion in dividends in the next three years, with a minimum pay-out ratio of 60% every year. It will keep EUR 1 billion for potential acquisitions or cash dividends.

Approximately 50% of its 2020 revenues will come from non-banking activities with a balanced portfolio of businesses relying on client assets from the asset and wealth management division.

In another development, Natixis is establishing the Natixis Investment Institute. This is built on the behavioural research of its Center for Investor Insight and portfolio research and analytics of its Portfolio Research & Consulting Group.

The group manages $961.1 billion in assets under management as of December 2016.

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