At their meeting on 4 June 2019, the members of the Board of Directors of the French Asset Management Association - Association Française de la Gestion Financière (AFG) - reappointed Eric Pinon as Chairman for a three-year term. Mr Pinon will work closely with Philippe Setbon, whose term as vice-chairman has also been renewed, together with newly-appointed vice-chairman Matthieu Duncan.

2018 was a year packed full of macroeconomic twists and turns, such as the agonizing Brexit negotiations and a severely weakened Italian economy, Natixis Investment Managers’ affiliate Ostrum Asset Management believes that these risks are set to continue through into 2019. If the European Central Bank sticks to monetary policy accommodation and does not hike rates next year, the equity markets should see a transitory downtrend in the first half.