Pierre Servant Receives 2010 CEO of the Year Award from Global Investor
Global Investor named Pierre Servant 2010 CEO of the Year at its 10th anniversary awards ceremony last night in London. Mr. Servant is president and chief executive officer of Natixis Global Asset Management and a member of the Board of Directors of Natixis, in charge of the Investment Solutions division. Pierre Servant became CEO of Natixis Global Asset Management (NGAM) in 2007 and has successfully steered the firm through one of the most difficult market environments ever encountered in the industry, while continuing to deliver growth in terms of investment and distribution capabilities.Over the past three years, NGAM has acquired a number of new investment firms, expanded the business globally and was one of the few asset management firms to maintain positive net inflows during the financial crisis. Mr. Servant has overseen the opening of sales offices in Asia and Europe and the expansion into niche businesses in the United States, including retirement and independent investment advisors.
These decisions proved to be very timely and successful, delivering positive net inflows of €11.4 billion in 2009.1 NGAM’s year-end 2009 results showed an increase in assets under management of over €60 billion, or 14%, from €447 billion as of 31 December 2008 to €505 billion as of 31 December 2009.1 NGAM’s success has continued into 2010 and assets under management now stand at €528 billion as of 31 March 2010.
“I am honored to accept this award from Global Investor on behalf of the entire Natixis Global Asset Management team who have worked incredibly hard to grow our business and deliver for clients during a difficult time for the industry, “ said Mr. Servant. “I would like to specifically thank François Pérol, chairman of the Management Board of BPCE and chairman of the Supervisory Board of Natixis, and Laurent Mignon, CEO of Natixis, for their continued direction and support of the asset management business. I would also like to thank John Hailer, NGAM CEO of U.S. and Asia, and Pascal Voisin, CEO of Natixis Asset Management, for the excellent job they have done in managing through this period.
“NGAM´s success is built upon an exemplary group of investment affiliates with diversified disciplines from money market funds to fixed income to equities to alternatives. Our affiliates are leading investment firms, including Absolute Asia Asset Management; AEW Capital Management; AlphaSimplex Group; Aurora Investment Management; Capital Growth Management; Caspian Capital Management; Gateway Investment Advisers; Hansberger Global Investors; Harris Associates; Loomis, Sayles & Company; Natixis Asset Management, Reich & Tang Asset Management; Snyder Capital Management; Vaughan Nelson Investment Management; and Westpeak Global Advisors. I am particularly grateful to the CEO’s and investment professionals at these organizations for their continued strong contributions and support."
Mr. Servant further attributes NGAM’s accomplishments in 2009 and into 2010 to its diversified structure – both in terms of distribution and investment capabilities. He has continually sought to diversify the business in order to be able to weather a variety of market conditions and changes in the industry.
“My vision for the future is to continue to expand our business with new offices scheduled to open later this year in Europe, further moves into the Asian retail business and continued growth into the U.S. retirement business,“ Mr. Servant added. ”Our goal is to continue to build NGAM as a truly diversified, multi-boutique asset management business.”