The two entities have signed a Memorandum of Understanding for a joint venture between their respective asset management operations - Generali Investments Holdings and Natixis Investment Managers.
Acquisition will increase Generali’s total assets under management (AUM) to $845 billion; will see Generali develop a long-term relationship with former Conning owner Cathay Life.
Tim Ryan joins Natixis IM as chief executive officer after four years at insurance group Generali, replacing Jean Raby who will step down this month after three years as CEO.