Toronto-based Natixis Global Asset Management Canada Corp. has announced changes in its executive and portfolio management structure following the resignation of Jeff Young, co-CEO and portfolio manager of two funds.
Abe Goenka, who was has been co-CEO with Young since 2014, will take over as the sole CEO of the firm. He initially joined Natixis Canada in 2007 and has also served as its chief operating officer and chief financial officer.
Kyle D’Silva will assume Young’s portfolio-management responsibilities for NexGen Canadian Dividend Funds and NexGen Canadian Diversified Income Funds. D’Silva has more than 10 years of experience in the investment industry, with two of those years as a part of the Natixis investment management team.
Jeff Herold of Toronto-based J. Zechner Associates Inc. will remain subadvisor for the fixed-income and preferred share portions of NexGen Canadian Diversified Income Funds.
The firm’s announcement notes that the investment strategy of the two funds will remain consistent with their current stated objectives.
Young’s resignation is effective May 20.
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