IXIS Asset Management has promoted Ibrahima Kobar to global head of fixed income in Paris from his slot heading collateralized debt obligations, structured credit and insurance portfolio management. The move is part of a reorganization connected to IXIS AM's merger with NATIXIS, which will take effect July.
Kobar declined comment. A person familiar with the change said his previous role will be split among existing heads of each group. Nathalie Pistre, deputy head of CDOs, will continue to head CDO structuring and quantitative strategy, and the current heads of portfolio management for corporate, asset-backed securities and CDO investment will continue in their roles. New heads will be appointed for insurance and mutual funds, but names and previous roles could not be determined. All will report to Kobar.
In his new role, Kobar is expected to add a team of five loan specialists over this year to focus on managing cash and synthetic collateralized loan obligations. The corporate credit team consists of nine managers and the ABS team is at five.
Martin Cochin, IXIS AM spokesman, did not return calls.
