Natixis IM enters talks with Generali over asset management tie-up

French banking group BPCE has entered early-stage talks with Italian insurer Generali about combining their asset management divisions, according to reports, the latest in a string of M&A deals across the sector. BPCE-owned Natixis Investment Managers is one of Europe’s largest asset managers, overseeing $1.4tn. It operates a so-called multi-affiliate…