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Natixis nets record £14bn inflows

Natixis Global Asset Management has seen a net income increase of 25 per cent to €331m (£246m) in the first quarter of 2015, helped by new net inflows in its asset management unit.

The group saw a record €19bn of net inflows in the asset management business of which €8bn was in Europe and €11bn was in the US, the company says in its latest results.

The inflows helped to boost assets under management at the unit by €84bn over the three month period to €820bn.

Pre-tax profits in the investment solutions unit, which includes asset management, insurance and private banking, were up 30 per cent year-on-year to £242m.

Natixis chief executive Laurent Mignon says: “Our three core businesses performed very solidly in first-quarter 2015, posting sharp increases in both revenues and profitability.

“Our key franchises continued to expand, driven particularly by record net inflow in asset management and robust momentum in capital markets within wholesale banking among other areas.”

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