French bank Natixis holds briefings to win back trust after H20 blow [Reuters (UK)]
NATIXIS UNSP/ADR (NTXFY)
NASDAQ:AMEX Investor Relations:
natixis.com/natixis/jcms/tki_5047/en/investors-shareholders
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Source: Reuters
French bank Natixis holds briefings to win back trust after H20 blow - Reuters 3 Min Read PARIS/LONDON, June 26 (Reuters) - French bank Natixis held briefings with equity analysts on Wednesday to try and win back the confidence of investors in the wake of a withdrawal of clients’ money from its H20 asset management arm. Analysts at both Credit Suisse and brokerage Keefe, Bruyette & Woods (KBW) wrote on Wednesday that they had attended presentations held by Natixis’ top management. “Natixis this morning held a sell side analyst meeting with Francois Riahi, its CEO, and Jean Raby, CEO of Natixis Investment Managers. We see this meeting as a first, positive step towards a discussion/dialogue on the lessons to be learned,” wrote KBW. “In our view though, the issues raised cannot be circumscribed to H2O or a few H2O retail funds, but there are wider structural issues associated with the affiliate model to be reviewed and discussed, an opportunity which should not be missed,” it added, keep
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