Natixis CIO and co-CEO resigns

Morningstar Canada 13 May, 2016 | 5:00PM
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Natixis Global Asset Management (Natixis) Canada confirmed today that chief investment officer and co-CEO Jeff Young has resigned, effective May 20.

Young's tenure dates back to September 2005, when he joined the firm's predecessor, NexGen Financial. The Paris-based Natixis organization acquired NexGen in December 2014.

Young's portfolio-manager responsibilities for the NexGen Canadian Dividend and NexGen Canadian Diversified Income mandates will be assumed internally by Kyle D’Silva. Jeff Herold of J. Zechner Associates Inc. remains the sub-advisor for the fixed-income and preferred-share portions of the latter fund.

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