Paris- and Boston, MA-headquartered Natixis Global Asset Management has completed its acquisition of the Toronto-based asset manager NexGen Financial Corporation for some C$35 million ($31.2 million).

Paris- and Boston, MA-headquartered Natixis Global Asset Management has completed its acquisition of the Toronto-based asset manager NexGen Financial Corporation for some C$35 million ($31.2 million).

“Canada is an outstanding market for asset managers,” said John Hailer, chief executive of Natixis in the Americas and Asia. “NexGen does business with more than 1,600 financial advisors and more than 100 dealers throughout Canada, and we look forward to building on this strong foundation…”

In keeping with the Natixis multi-affiliate business model, NexGen will operate autonomously with the existing senior management team. There are no immediate plans to make staffing changes or changes to the NexGen business model.

The move is part of the Natixis’ plan to pursue international growth – see more here.