Natixis has set up three new business lines for the launch of its Asia Pacific corporate and investment banking platform, namely global finance, coverage & global transaction banking and investment banking.
The global finance business line houses the departments of global energy & commodities, aviation, export & infrastructure as well as a new global portfolio management department. It is headed by Bruno Le Saint, who was appointed last month to lead the division as well as oversee investment banking alongside Damien Cleris.
Le Saint joined Natixis in 2001 as relationship manager and later held positions in the commodities department, metals producer team and the agri-commodity unit. He moved to Hong Kong in 2013 to become the bank’s head of structured and asset finance in Asia Pacific.
Le Saint and Cleris will helm Natixis’ corporate advisory activities including merger and acquisition, strategic equity transactions, acquisition and strategic finance and debt capital markets. Raghu Narain, reporting to the co-heads, will be responsible for the operations of investment banking.
The shakeup comes as Natixis’ expands its corporate and investment banking activities in the region.
“It will serve as the foundation of our drive to enhance our dialogue with clients, and give us greater agility to deliver innovative solutions to meet their needs,” said Alain Gallois, Natixis’ chief executive of corporate and investment banking for Asia Pacific, in a statement.
Earlier in April, the French bank teamed up with Korea’s KB Insurance and Samsung Life in two separate arrangements to co-invest in infrastructure and aviation debt deals globally. “Institutional investors in Asia Pacific are increasingly seeking the stability and long-term yield offered alternative asset classes, with a particular appetite for infrastructure and aviation debt,” said Le Saint at that time.
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