Natixis, a France-based company engaged in banking, financial and investment services, is grouping all its equity teams within a single business line, which will be managed by Jean-Claude Petard.
As part of the process, which had begun in the second half of 2009, the subsidiary Natixis Securities will transfer all of its activities to the Natixis parent company. The transfer is expected to be completed on June 1, 2010.
Natixis’ equities department is expected to employ more than 400 front-office staff and also house dedicated support services.
According to Natixis, the new business line will be in a position to deliver a comprehensive and enhanced range of solutions tailored to client needs across the full spectrum of equity products: access to the primary equity market; broking on secondary cash and derivative markets; and structured products.
The integrated offering also comprises a equity research team that will provide coverage of 340 stocks in 21 sectors.