Natixis to merge sustainable, thematics investment arms

Natixis Investment Managers will combine two of its affiliates, Mirova and Thematics Asset Management.

The global investment manager said it is kicking off a strategic merger project, to create "a major player in thematic management worldwide."

It will launch Mirova and Thematics Asset Management to offer products that address investors' concerns and address "the challenges of our time."

"The merger project between Mirova and Thematics AM is based on the complementary strengths of each entity," Natixis said.

"Mirova, which benefits from an international presence and recognized expertise in sustainable finance, develops investment solutions that aim to combine long-term value creation with a positive impact on the environment and society. Its wide range of strategies aims to meet the expectations of investors in Europe, North America, and Asia Pacific.

"Thematics AM stands out for its innovative thematic investment strategies, aimed at providing access to promising markets supported by secular growth factors."

Mirova was launched in 2014 as a specialist sustainable and impact investment house. Thematics Asset Management was launched in 2019 and specifically focuses on AI and robotics, water, security, health, and the subscription economy.

"By joining forces, we could expand our offering in listed markets, better meet our clients' expectations, and strengthen our position as a leader in responsible investment. This initiative perfectly aligns with our goal of doubling our assets by 2030 and increasing our positive impact on the environment and society," Mirova chief executive Philippe Zaouati said.

Together, the firm would have more than $60 billion in assets under management.

It's expected the merger will be completed in Q4 of this year.