BPCE Is Said to Explore Options for Natixis Asset Management Arm

French financial group BPCE SA is exploring strategic options for its $1.2 trillion Natixis Investment Managers business, people familiar with the matter said.

BPCE has been working with advisers to study a range of possibilities for the asset manager, the people said. It’s open to selling a majority stake though could also opt to divest a minority holding, according to the people, who asked not to be identified discussing non-public information.

A spokesman for the BPCE said the bank is working on a new strategic plan, which it plans to unveil in mid-2024, and is assessing how to expand all ...