Natixis GAM (NGAM) has introduced organisational changes within its Canadian boutique NexGen, now known as NGAM Canada and acquired last year by the firm.
NGAM Canada will have two distinct focus areas, the company explained.
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. NGAM has plans to raise its existing mutual fund offering.
The firm’s Canadian investment management efforts will be led by co-CEO Jeffrey Young.
Young joined NexGen in 2005 and has served as chief investment officer since 2010. He will report to John Hailer, CEO 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 and has served as chief financial officer since 2010.
He will report to David Giunta, president and CEO of Natixis Global Asset Management, U.S. and Canadian Distribution.
Natixis has also created a new position, promoting 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.
“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,” said Hailer.
“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,” he added.