Philippe Setbon finalizes the merger of the long-term rate management activities of LBPAM and Ostrum AM

Posted on Nov 9, 2020 at 5:36 PMUpdated Nov 9, 2020, 7:29 PM

Its news

Natixis and La Banque Postale have finalized the reorganization of their interest rate and insurance management activities within Ostrum AM, in a sustainable context of low interest rates. Appointed CEO of Ostrum AM at the end of 2019, Philippe Setbon successfully completed this merger. it should give birth to a European leader in long-term institutional management, with more than 430 billion euros in assets under management.

His journey

Aged 55, Philippe Setbon began his career in 1990 as a financial analyst at Barclays bank in Paris. Between 1993 and 2003, he held the positions of portfolio manager for European equities, then head of asset management at Groupe AZUR-GMF. After a stint at Rothschild & Cie Gestion, he joined the Generali group in 2004. He notably held the positions of Managing Director of Generali Investments France, Managing Director of Generali Investments Europe Sgr and Chief Investment Officer of the Generali group. In 2013, he joined Groupama as Chief Executive Officer of Groupama Asset Management. He became CEO of Ostrum Asset Management (formerly Natixis AM) in 2019. He is vice-president of the French Association for Asset Management (AFG).

His company

55% owned by Natixis IM and 45% by La Banque Postale, Ostrum AM should enter the Top 10 asset managers dedicated to institutional clients. In addition to asset management, the company offers its clients a platform of services such as risk management, accounting and fund administration, as well as client and regulatory reporting. From 2021, 100% of its assets will include an analysis of ESG criteria and in 2022, 98% of assets managed in open funds will be SRI labeled.

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