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25 years, 25 CEOs: Pierre Servant, CEO, Natixis Global Asset Management
17 January 2012
To celebrate its 25th anniversary, Global Investor/ISF interviewed 25 CEOs. Innovation is core to success in the classic long-only asset management sector, otherwise firms will fall victim to churn, says the Natixis Global Asset Management chief
Natixis Global Asset Management
Looking back through the last ten years, there are two trends that have shaped asset management. The first is the development of the open architecture models. This has been intensified by the financial crisis, because the captive products were highly correlated with the market – being generally conventional equity products. This trend is spreading beyond Europe: you see it in China as investors buy in US and European expertise.
Then the growth of alternative and passive industry is the second. The growth of hedge funds was only slightly arrested by the crisis – global assets under management are now back over $2tn. Then the ETF growth story has been huge.
This second trend means that asset managers need to be diversified in their product offering. Because nobody knows what will...
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