Generali: JV in asset management with BPCE
(CercleFinance.com) - Generali and BPCE announce the signing of a non-binding memorandum of understanding (MoU) to combine the asset management activities of Generali Investments Holding (GIH) and Natixis Investment Managers in a joint venture.
With E1.9 trillion in AuM, this joint venture would be ranked ninth worldwide in terms of AuM and would be Europe's leading asset manager, with revenues of E4.1bn.
With critical mass in a fast-changing asset management market, it would draw on complementary geographic strengths, diversified expertise, a wide range of affiliated management companies and high-quality teams.
The company would be jointly controlled at 50%, backed by a long-term commitment from BPCE and Generali, based on 15-year contracts, and with a balanced governance structure reflecting this co-control.
The employee representative bodies of the various parties involved will be consulted, and effective completion, expected in early 2026, will depend on obtaining the usual regulatory approvals.
Copyright (c) 2025 CercleFinance.com. All rights reserved.
With E1.9 trillion in AuM, this joint venture would be ranked ninth worldwide in terms of AuM and would be Europe's leading asset manager, with revenues of E4.1bn.
With critical mass in a fast-changing asset management market, it would draw on complementary geographic strengths, diversified expertise, a wide range of affiliated management companies and high-quality teams.
The company would be jointly controlled at 50%, backed by a long-term commitment from BPCE and Generali, based on 15-year contracts, and with a balanced governance structure reflecting this co-control.
The employee representative bodies of the various parties involved will be consulted, and effective completion, expected in early 2026, will depend on obtaining the usual regulatory approvals.
Copyright (c) 2025 CercleFinance.com. All rights reserved.