MILAN: The investment committee of Generali has given its green light to the Italian insurer’s planned asset management deal with Natixis Investment Managers, two sources close to the matter say.
Generali and Natixis, which is owned by French bank BPCE, have been discussing a tie-up to create a major European fund manager, at a time when the industry is under pressure to scale up to shield profit margins and sustain rising technology investments.
