Friday, 29 June 2007

French bank Natixis to buy U.S. firm Gateway

(Reuters) - The acquisition is being carried out by Natixis subsidiary IXIS Asset Management U.S. Group. The terms of the transaction were not disclosed.



"Gateway enjoys a highly competitive long-term track record based on a well-tested risk management methodology. We expect demand for its style of risk-adjusted investment products to be strong and growing, particularly in the rapidly expanding retirement market," Pierre Servant, head of asset management at Natixis, said in a statement.


Read more at Reuters.com Mergers News

No comments: