ABN to distribute Natixis funds in ME

Natixis Global Associates (NGA), the distribution arm of Natixis Global Asset Management, and ABN Amro Bank yesterday announced a partnership to distribute 23 of the Natixis international funds in the Middle East.

The agreement encompasses funds from a variety of Natixis-affiliated managers, including Absolute Asia, Loomis Sayles, Natixis AM, Hansberger and Vaughan Nelson, a press statement said yesterday.

"This is an important step in Natixis Global Associates' overall distribution strategy for the Middle East region," said Jamal Saab, NGA managing director for Middle East and North Africa.

"We have a strong boutique of funds from a variety of independent investment managers and have seen increased interest from third party distributors to include these funds on their platforms. ABN Amro has great reach in the region, and we are excited to partner with them on this endeavour," Saab said. The agreement will cover funds distributed in the UAE and other GCC countries.