France's Natixis to boost sales of debt securities in Japan
Local unit to increase staffing levels 50%
TOKYO -- Natixis Japan Securities will grow its staff by almost 50% to 120 over the next three to five years, aiming to bolster sales of European and U.S. corporate bonds and other debt securities to Japanese banks and insurance companies.
The Japanese subsidiary of the French securities firm will add salespeople, traders and engineers. While many European brokerages have been downsizing their Japanese operations, Natixis has doubled its personnel to 82 over the past two-and-a-half years.
Because of Japan's large savings and low interest rates, there is robust demand for overseas financial products, explains Natixis CEO Laurent Mignon.
In addition to corporate bonds and other debt instruments, Natixis will expand its lineup of alternative assets, such as securitized loans and real estate.
Natixis Asset Management Japan manages foreign stocks, bonds and hedge funds. By combining this subsidiary's offerings with the brokerage unit's financial products, the Natixis group will offer a comprehensive lineup of financial products, said Mignon.
Paris-based Natixis, the investment banking unit of Groupe BPCE, has been expanding its presence in Asia. BPCE, France's second-largest banking group in terms of the size of its branch network, holds the title of the world's largest issuer of samurai bonds.