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Friday, December 12, 2014

Natixis' Funds' Board Hires the Governor-Elect's Voice

News summary by MFWire's editors

The directors on the board for Natixis' [profile] mutual funds have hired their own spokesman.

Beth Healy of the Boston Globe reports that the board hired Will Keyser, former communications manager for the campaign of Massachusetts' Governor-elect, Charlie Baker. Baker, in turn, is brother-in-law to Natixis CEO John Hailer, and Baker had served on the Natixis funds' board for six years, though he stepped down a year ago when running for Governor.

The news comes a month after the Globe detailed a sexual harassment settlement involving Hailer and a former Natixis executive, Paula Rezza. Natixis told its corporate board in Paris about the case, without telling the funds' board here.

The new article also highlights six of the eleven current members of Natixis' fund board: Hailer, himself former Representative Martin Meehan, to whom the Globe says Keyser "has ties"; chairwoman Sandra Moose, formerly of Boston Consulting Group; Ted English, CEO of Bob's Discount Furniture; Peter Smail, an alumnus of Fidelity; and Erik Sirri, formerly of the SEC and currently a finance professor at Babson College.  

Edited by: Neil Anderson, Managing Editor


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