DNCA Finance opens a branch in Belgium with Nagelmackers

Key information

• DNCA Finance is establishing itself in Belgium thanks to a partnership with Nagelmackers.
• The new Brussels branch will manage Nagelmackers’ asset management activities and will serve a French- and Dutch-speaking clientele.
• Thanks to this partnership, the assets under management of DNCA Finance should exceed 6 billion euros.

DNCA Finance, a subsidiary of Natixis Investment Managers, opens a branch in Brussels. This is DNCA Finance’s fourth site, following existing offices in Luxembourg, Milan and Madrid. The new Belgian branch is the result of a partnership with the investment bank Nagelmackers.

Asset management

As part of this agreement, Nagelmackers will entrust DNCA Finance with the management of its asset management activities. DNCA Finance has set up a local team within the Monteco building, which also houses the Nagelmackers headquarters in Brussels.

The Brussels branch team will initially consist of seven professionals, including portfolio managers, sales, administrative staff and compliance officers. Three specialists in discretionary management will be based outside the traditional headquarters of DNCA Finance in Paris.

Extension of the distribution network

DNCA Finance will provide support to the Nagelmackers teams, who will continue to maintain direct relationships with clients. The new Belgian branch will support DNCA Finance’s distribution network in the local market.

DNCA Finance’s assets under management are expected to exceed 6 billion euros. (fc)

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