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Rating:Natixis Boss Talks about Pioneer Not Rated 0.0 Email Routing List Email & Route  Print Print
Friday, August 06, 2010

Natixis Boss Talks about Pioneer

by: Armie Margaret Lee

Natixis CEO Laurent Mignon is open to the possibility of doing a deal with Pioneer Investments [see profile].

[See MFWire's living timeline of the Pioneer auction for more details and history.]

"(Pioneer) is indeed an actor that could respond to the different strategic objectives of Natixis Asset Management, but a deal ... would only make sense in the form of a long-lasting sales partnership," Mignon was quoted by Reuters as saying in an earnings call on Thursday.

A Dow Jones article carried this quote from Mignon: "When we look at Pioneer, which is present in Italy, Germany and Eastern Europe, it's effectively a player that could respond to our strategic objectives."

Earlier this week, a French newspaper reported that Natixis was among the firms that are looking at Pioneer. The other two named in the report are BNP Paribas and Amundi. 

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