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Natixis selects new head of retirement and institutional in the U.S.

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Liana Magner has joined Natixis Investment Managers as executive vice president and head of retirement and institutional in the U.S., the asset manager announced in a news release Monday.

Ms. Magner replaces Ed Farrington, who left the firm in August to join sustainable money manager Impax Asset Management, a spokeswoman for Natixis said.

Ms. Magner is based in Boston and reports to David Giunta, president and CEO for the U.S.

Ms. Magner was previously with Mercer, where she was a partner and served as the defined contribution and financial wellness leader in the U.S.

In her new role, Ms. Magner will lead consultant relations, institutional distribution and the retirement businesses, including overall responsibility for the strategy, development, management and growth of the defined contribution business in the U.S.

She will also lead the growth of the Natixis Sustainable Future Funds, which were launched in 2017 and are now available in more than 250 U.S. retirement plans, the news release said.

Mercer did not respond to an email regarding whether and when Ms. Magner’s position will be filled.

Natixis had more than $1.4 trillion in assets under management as of June 30.