The transaction, initiated in September 2024 between Natixis Wealth Management and Natixis Investment Managers, was approved by the AMF on 23 June and has now been completed.
This acquisition is fully in line with the Bank's strategic plan. With its new subsidiary, which currently manages €1.1 billion in assets, Natixis Wealth Management aims to strengthen its management capabilities, particularly in collective and discretionary management. Dorval Asset Management will continue to diversify its offering with a view to developing its own client base.
To support this new phase of growth, strengthen expertise and work alongside Frédéric Ponchon, Chief Executive Officer of the management company since February 2025, Jean-Philippe Muge has joined Dorval as Deputy Chief Executive Officer in charge of private banking.
Audrey Koenig, Chief Executive Officer of Natixis Wealth Management, said: ‘This acquisition, which reflects a strong strategic commitment, marks an essential step in our ambition to excel in wealth management at the highest level. By combining our expertise, we are expanding the range of tailored, high-performance and forward-looking financial solutions that we offer our clients on a daily basis.’
"This move marks a new stage in Dorval AM's development. We are delighted to welcome Jean-Philippe Muge to our team as Deputy Chief Executive Officer. His experience and recognised expertise will be key assets in taking our private banking business to the next level, with an expanded and enhanced range of products and services that will enable us to meet our clients' expectations even more precisely."
Jean-Philippe Muge, 45, holds a master's degree in Banking and Finance from Paris 1 Panthéon-Sorbonne University.
He began his career in 2002 as a portfolio manager at Meeschaert. In 2006, he joined Swiss Life Gestion Privée, where he held the same position. Seven years later, he joined Cyrus Conseil as Head of Asset Allocation. In 2018, he became Chief Investment Officer at Invest AM – which has since merged with Amplegest – and then, in 2020, Head of Private Banking. He then took on the role of Head of Dedicated Management at Amplegest in 2022. He joined Dorval Asset Management in 2025.