Natixis Seeks Asia Growth as StanChart, Barclays Scale Back
- French lender hiring for Asian corporate, investment banking
- Asia CIB revenue seen growing up to 20% this year: chairman
Francois Perol, chairman of Natixis SA.
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Natixis SA estimates revenue from Asian corporate and investment banking may grow 20 percent this year as the French bank expands at a time when some rivals are scaling back in the region.
Asian CIB revenues have grown at a “double-digit” rate in the past five to six years, and the bank is aiming to continue that trend in the coming year as it seeks opportunities in infrastructure, project and acquisition finance, according to Francois Perol, Natixis’s chairman and the head of its parent firm, Groupe BPCE. The division will hire more staff to add to the 600 people it employs in Asian markets including Hong Kong, China and Australia, he said.