BOSTON--(BUSINESS WIRE)--Natixis Global Associates (NGA) announced today two new key staff appointments that complete the organizational plan for its retirement strategy group and further strengthen efforts to meet the dramatically growing needs of the retirement marketplace.
The announcement comes on the heels of a stellar year in NGA’s retirement business. NGA assets in the retirement channel are now at a record high. In addition, 2010 retirement-related gross sales serviced by NGA are up 24% as compared to the previous year.
“We consider retirement a key component of our overall growth strategy. NGA has participated in segments of the retirement market for many years, and in 2008 we launched a focused growth initiative to strengthen our presence in this rapidly expanding market. This effort has enhanced the diversification of our distribution model and provided consistent net flows,” said David Giunta, president and chief executive officer of Natixis Global Associates – U.S.
Paul M. Davidson and Charles N. Johnson have been named to the position of vice president, retirement strategy, working with financial advisors to provide information for plan sponsors and individual investors.
Based in Dallas, Texas, Paul Davidson heads the South Central region. Charles Johnson is located in San Francisco, California and oversees the Western region.
Paul Davidson and Charles Johnson report to Matt Coldren, executive vice president and head of the retirement strategy group located in Boston, MA. “NGA has steadily increased its retirement team to meet the dramatically growing demands of the retirement marketplace,” said Coldren. “Paul and Chuck each bring an impressive track record of over 17 years of experience and success in the financial services industry. In addition, their knowledge and familiarity with their regions will be valuable assets to help build our retirement business to the next level.”
About Natixis Global Associates
Natixis Global Associates (NGA) provides market-driven investment solutions to institutions, intermediaries and individuals worldwide. It is part of Natixis Global Asset Management, one of the 15 largest asset managers in the world based on assets under management.1 Headquartered in Paris and Boston, Natixis Global Asset Management’s assets under management totaled $719 billion (€527 billion) as of September 30, 2010. In the U.S., NGA includes Natixis Asset Management Advisors, L.P. (a registered investment advisor). Both are located at 399 Boylston Street, Boston, MA 02116. ga.natixis.com
1 Cerulli Quantitative Update: Global Markets 2010, based on December 31, 2009 AUM of $724 billion.
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