Natixis announced this morning that it has just acquired an Australian asset manager, Investors Mutual Limited (IML), for €103m, amounting to a majority stake of 51.9%. This is the first major acquisition in Australia and increases NGAM’s exposure to the local retail market and the Australian superannuation industry (superannuation is the Australian pension system, roughly a retail market). IML’s assets under management amount to €6bn, mainly invested in Australian share
03 Oct 2017
Yet another affiliate...
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Yet another affiliate...
- Published:
03 Oct 2017 -
Author:
Farhad Moshiri -
Pages:
2
Natixis announced this morning that it has just acquired an Australian asset manager, Investors Mutual Limited (IML), for €103m, amounting to a majority stake of 51.9%. This is the first major acquisition in Australia and increases NGAM’s exposure to the local retail market and the Australian superannuation industry (superannuation is the Australian pension system, roughly a retail market). IML’s assets under management amount to €6bn, mainly invested in Australian share