Natixis Global AM acquires 25% of IDFC AMC

Natixis_IDFCNatixis Global Asset Management is to acquire 25% of IDFC Asset Management Company, an Indian firm with around $4.4bn in assets under management. The partnership is aimed to be mutually beneficial – it will allow the Indian company to enhance its international distribution and gain access to global investors wanting to invest in the Indian equity markets. The partnership sees Natixis expanding its global footprint in an effort to further diversify its business. Following the transaction IDFC AMC will also be able to offer domestic investors access to international investment opportunities through investment products managed by Natixis Global AM. Pierre Servant, CEO of Natixis Global AM said: "This partnership with IDFC AMC allows us to bring our multi-boutique investment offerings to a new market of investors. This also provides us with another opportunity to expand our business in Asia and is a major milestone towards our goal of having a more diversified global business." Rajiv Lall, managing director and CEO of IDFC said: "Natixis Global Asset Management has an established asset management business with a strong global footprint and distribution capabilities. We look forward to a long and mutually beneficial partnership." ©2010 funds europe

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