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BPCE, à l offensive dans la banque de détail, vise plus de 25 milliards d euros de revenus

BPCE, à l offensive dans la banque de détail, vise plus de 25 milliards d euros de revenus
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UPDATE 2-France s Natixis swings to profit in Q1, cautious on provisions

By Reuters Staff (Adds CEO comment on provisions) PARIS, May 6 (Reuters) - French investment bank Natixis on Thursday posted a first quarter net profit of 225 million euros, recovering from a loss a year ago, but expressed caution on pandemic-related provisions for bad loans. Despite a drop in the cost of risk in the first three months of the year, the lender said provisions were still at elevated levels with impairments coming from the tourism and aviation sectors. “We must remain cautious regarding the cost of risk,” CEO Nicolas Namias told reporters, as companies hit by the pandemic crisis could still need further support from banks in post-COVID-19 economic recovery.

France generalElaine hardcastleKirsten donovanNicolas namiasThomson reuters trust principlesLaurent mignonMatthieu protardThomson reuters trustபிரான்ஸ் ஜநரல்எலைன் ஹார்ட் கேஸில்கர்ஸ்டந் டொநொவந்தாம்சன் ராய்ட்டர்ஸ் நம்பிக்கை ப்ரிந்ஸிபல்ஸ்பரிசு பெற்றவர் மிக்நந்தாம்சன் ராய்ட்டர்ஸ் நம்பிக்கை

Groupe BPCE - PRESS RELEASE RELATING TO THE AVAILABILITY OF THE OFFER DOCUMENT PREPARED BY BPCE

Groupe BPCE - PRESS RELEASE RELATING TO THE AVAILABILITY OF THE OFFER DOCUMENT PREPARED BY BPCE
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Tim Ryan named CEO of Natixis IM with Raby to depart

Tim Ryan named CEO of Natixis IM with Raby to depart Events If you already have an account please use the link below to sign in. If you have any problems with your access or would like to request an individual access account please contact our customer service team. Takes up role on 12 April Incoming CEO of Natixis IM Tim Ryan Natixis Investment Managers has named Tim Ryan as CEO and member of its parent group’s senior management committee in charge of asset and wealth management, succeeding Jean Raby who is leaving the firm to pursue other opportunities. Ryan, who will take up the role from 12 April, began his asset management career in 1992, and recently served as Generali s global CEO of asset and wealth management. He has also held senior roles at AXA and AllianceBernstein.

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People Moves: BNY Mellon, Natixis IM, Barclays Private Bank, Ogier, La Française, Ravenscroft

She will lead its distribution strategy in Sweden, Denmark, Finland, Norway and Iceland, focusing on providing institutional and intermediary clients in the region with investment solutions from its investment firms including Alcentra, Insight, Newton and Walter Scott. Kristina joined from PIMCO where she was head of distribution for the Nordic. Prior to this, she spent over a decade at Aberdeen Asset Management building its business in the region. Matt Oomen, global head of distribution at BNY Mellon Investment Management said, She brings with her significant experience in the industry, deep expertise of the Nordic markets and a strong understanding of the needs and preferences of our clients and prospects.

City ofUnited kingdomKristina najjar wahlgrenMatt guthrieMatt oomenDominic jonesHargreaves lansdownGavin fergusonJean rabyWalter scottLisa francisNicolas namiasNandu patelMarcus leeseCatherine mooreTim ryan