Why Natixis has joined asset management’s M&A frenzy

Natixis Global Asset Management’s agreement to acquire a 51.9% stake in Investors Mutual Limited (IML) in Australia marks the latest example of fund houses consolidating in order to raise revenues and keep a lid on costs. The IML acquisition is the Paris-headquartered Natixis’s first major acquisition in Australia, although the company has had an office in Sydney in since 2015. Fabrice Chemouny, Natixis’s head of Asia Pacific told AsianInvestor the asset manager is keen to grow in…