Natixis sees 15-20 pct growth in Taiwan offshore fund mkt

Wed Nov 4, 2009 11:12pm EST
 
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TAIPEI, Nov 5 (Reuters) - Natixis (CNAT.PA) Global Asset Management, one of the world's top 20 fund firms, said it expects Taiwan's offshore fund market to grow 15 to 20 percent next year from about $65 billion now, as it opened its Taiwan subsidiary.

The subsidiary will be Natixis' first in Asia in 13 years after Japan and Singapore.

"Taiwan is a strong individual market," said John Hailer, president and chief executive of Natixis.

"If we are able to build a strong platform in Taiwan, we can use it to expand into Asia," he told reporters. (Reporting by Faith Hung; Editing by Jacqueline Wong)

 

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