Published by Global Banking & Finance Review®
Posted on January 20, 2025
1 min readLast updated: January 27, 2026
Generali's board approves an MoU with Natixis to create a leading European asset management firm, aiming to enhance competitiveness and scale in the market.
MILAN (Reuters) - The board of Italy's top insurer Generali has approved a memorandum of understanding (MoU) that paves the way for an asset management deal with BPCE's Natixis Investment Managers to crate a European champion, two sources close to the matter said.
Generali and BPCE have been discussing a tie-up to create a leading European fund manager at a time when the industry is under pressure to scale up to shield profit margins, fend off competition from U.S. rivals and sustain rising technology investments.
Earlier on Monday sources told Reuters, the boards of directors at Generali and BPCE were expected to give green lights to the tie-up, with a preliminary deal that could be announced as early as Tuesday.
(Reporting by Gianluca Semeraro; editing by Valentina Za)
Generali's board approved a memorandum of understanding (MoU) for an asset management deal with BPCE's Natixis Investment Managers.
Generali and BPCE are discussing a tie-up to create a leading European fund manager amid industry pressures to scale up and protect profit margins.
Sources indicated that a preliminary deal between Generali and BPCE could be announced as early as Tuesday.
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