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Thursday, October 04, 2007|
Natixis Promotes Long Timer to Head of North American Asset Management
John Hailer has been named the president and chief executive officer of Natixis Global Asset Management North America. Hailer will be taking over the position from Jeremiah Chafkin, who has been named president of Natixis Global Asset Management Alternatives Group. In his new position Hailer will be tasked with bridging the gap between the investment management and distribution arms of the company. Hailer is currently president and chief executive officer of Natixis Global Associates, the firm’s distribution organization. He will continue on in this position.
Natixis Global Asset Management today announced John T. Hailer has been named president and chief executive officer of Natixis Global Asset Management North America, responsible for the overall strategic development of the Firm’s investment management and distribution businesses there. Mr. Hailer is currently president and chief executive officer of Natixis Global Associates, the firm’s distribution organization and he continues in that role. He reports to Pierre Servant, president and chief executive officer of Natixis Global Asset Management.
Mr. Hailer succeeds Jeremiah Chafkin, who has been named president of Natixis Global Asset Management Alternatives Group, where he will focus on building out the Company’s array of quantitative and alternative investment products. Mr. Chafkin will also become chief executive officer of AlphaSimplex Group, LLC, when the previously-announced acquisition of the Cambridge, MA-based quantitative investments manager closes later this year.
“Mr. Hailer will look to create and leverage synergies, in his new dual role, between the investment management and distribution arms of the organization,” said Mr. Servant.
“Increasingly, institutions and intermediaries want partners that can deliver highly-specialized investment solutions across multiple product platforms,” said Mr. Servant. “In executing our vision for Global Associates, John focused our worldwide distribution efforts and produced significant asset and revenue growth for our firm and for our affiliates. In leading both organizations, John will work with the leadership at our affiliated investment managers to expand the depth and breadth of our client solutions.”
Under Mr. Hailer's leadership, IXIS Asset Management Advisors Group (the predecessor to Natixis Global Associates in the U.S.) increased its assets under management by more than $70 billion from $7.4 billion to $77 billion and built a transparent distribution architecture that provides access to the investment capabilities of the firm’s affiliated managers across a range of investment platforms.
Mr. Hailer joined the IXIS Asset Management Group organization in 1998 from Fidelity Investments Institutional Services Company (FIIS) where he was senior vice president, international business development for the Americas. Before joining Fidelity, Mr. Hailer was senior vice president and director of retail business development for Putnam Investments. Mr. Hailer is a graduate of Beloit College, where he serves as a trustee. He is also Chairman of the Board of Directors of Boston’s Home for Little Wanderers. Founded in 1799, it is the oldest continuously operated children’s charity in the United States.
Prior to joining Natixis in 2006, Mr. Chafkin was an executive vice president at Charles Schwab & Co., responsible for investment advice and research. Before joining Schwab, Mr. Chafkin served as chief executive officer of Structured Investment Management for Bankers Trust Company. During his 15 years at Bankers Trust, he held several other senior management positions including president of Japan Bankers Trust Company. He holds a Bachelor of Arts degree from Yale University and a Masters of Business Administration degree from Columbia University.
About Natixis Global Asset Management
Natixis Global Asset Management is one of the top 15 largest asset managers in the world and one of the top five in Europe. Its affiliated asset management companies provide investment products that enhance and protect the wealth and retirement assets of both institutional and individual investor clients. Its proprietary distribution network helps package and deliver its affiliates’ products around the world. Natixis Global Asset Management brings together the expertise of multiple specialized investment managers based in Europe, the United States and Asia to offer a full spectrum of equity, fixed income and alternative investment strategies. Headquartered in Paris and Boston, Natixis Global Asset Management’s assets under management totalled $835 billion (€620 billion) at June 30, 2007. Natixis Global Asset Management is part of Natixis, the investment and project bank of the Banque Populaire and Caisse d’Epargne groups.
Its affiliated investment management firms and distribution and service groups include: AEW Capital Management; Active Investment Advisors1; Capital Growth Management; Caspian Capital Management; Hansberger Global Investors; Harris Alternatives; Harris Associates; Loomis, Sayles & Co.; Managed Portfolio Advisors1; Natixis Global Associates; Portfolio Management Partners1; Reich & Tang Capital Management; Reich & Tang Funds; Snyder Capital Management; Vaughan Nelson Investment Management; and Westpeak Global Advisors. In addition to the U.S. firms, Natixis Global Asset Management includes three principal affiliates based in Paris: Natixis Asset Management, AEW Europe and Ecureuil Gestion.
Natixis, the “investments and projects bank” is the jointly held bank of Caisse d’Epargne and Banque Populaire in corporate and investment banking, asset management, private equity and private banking, financial services and receivables management. Backed by nearly 23,000 employees, with a net banking income of €7.3bn, it is a major player in its sector in Europe. Natixis enjoys expertise worldwide acknowledged in credit insurance (number 3 worldwide), private equity and structured financing (real estate, commodities, asset-backed finance and leverage finance).
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