Natixis Makes C-Suite Appointments

Editorial Staff

17 October 2019

has appointed Joseph Pinto in the newly-created role of chief operating officer of Natixis Investment Managers and Philippe Setbon as chief executive of Ostrum Asset Management.

Both men will be members of the Natixis executive committee and the Natixis Investment Managers management committee.

Pinto will report to Jean Raby, CEO of Natixis Investment Managers, a member of the senior management committee of Natixis in charge of asset and wealth management.

Setbon will replace Matthieu Duncan, who has resigned as CEO of Ostrum Asset Management to pursue other interests. Setbon will take up his role at the end of November, until which time Duncan will remain in post.

Pinto began his career in 1992 with Crédit Lyonnais, working in the securitsation business in New York before moving to Lehman Brothers in London in the Corporate Finance division. From 1998 to 2001, he was project manager at McKinsey & Cie in Paris. From 2001 to 2006, he was deputy CEO and member of the board of directors of Banque Privée Fideuram Wargny. He joined AXA IM in January 2007 as head of business development for France, South Europe and Middle East. He then took the leadership of the markets and investment strategy department in 2011 and became COO in 2014, also serving as a member of AXA IM’s management board.

Setbon began his career in 1990 as a financial analyst at Barclays Bank in Paris. Between 1993 and 2003, he was with Groupe AZUR-GMF, first as a portfolio manager for European stocks, then as head of asset management. He then moved to Rothschild & Cie Gestion as head of equity portfolio management before joining Generali Group in 2004, where he had a succession of senior roles, including CEO of Generali Investments France, CEO of Generali Investments Europe Sgr, and CIO of Generali Group. He joined Groupama in 2013 as CEO of Groupama Asset Management. Setbon serves as vice president of the French Asset Management Association (AFG).