Natixis Global Asset Management (Natixis) has announced the opening of its first office in South America. The firm has chosen Montevideo in Uruguay as its headquarters in the region.
This opening aims to provide global and regional banks, and independent financial advisors (IFAs) in Uruguay and Chile access to Natixis global network of independent affiliated investment managers specialising in a range of asset classes and investment styles.
Montevideo forms the second opening of a Natixis office in Latin America after the launch of its Mexican business in 2014.
The firm was hitherto servicing the southern region of the continent through its teams in the US and Europe, and its portfolio research and consulting group has been actively working with global and regional private banks.
Natixis has expansion plans in the region in the coming years, “according to the growth of its business.”
Sophie del Campo, general manager of Iberia and head of Latin America at Natixis, said : “This office reflects our strong commitment to the local and regional markets and our continued commitment to Latin America.”
She added: “Our model allows each one of 27 asset managers to focus on their independent investment style, which means more choice, more investment opportunities, better diversification, and ultimately better investment portfolios for our clients.”
Headquartered in Paris and Boston, Natixis posts a total of $890bn (€735.5bn) of assets under management as of 30 December 2014.