PlaNet Finance creates subsidiary PlaNIS in partnership with Natixia, finaréa

Microfinance Focus, June 16, 2010: PlaNet Finance Group has recently creates a subsidiary company from PlaNIS in partnership with Natixis Asset Management and finaréa networks. PlaNIS was earlier a department which advised on microfinance investments. Currently with a team of 13 permanent staff, PlaNIS manages a portfolio of 165 million USD, spread over 77 Microfinance Institutions (MFI) in 30 countries, with various European microfinance funds.

This creation will give PlaNIS the means to develop new projects and strengthen its presence on the ground and so to maintain strong control of the quality of its analyses for the funds to which it acts as advisor.  Amongst these is its principal partner, the asset managers ResponsAbility Social Investments AG, the world leader in investment and microfinance.

Natixis Asset Management invested via its existing French microfinance SICAV Natixis Impact Nord-Sud Développement and the finaréa network, via its holding company finaréa nap. This creation will enable PlaNIS to consolidate its position as second in the world and first in France for microfinance investment advice. Sébastien Duquet, Director General of PlaNIS said “Thanks to this partnership with Natixis Asset Management and finaréa, PlaNIS is making an important step, with greater independence on the one hand and new development possibilities on the other hand.”

 Christophe Point, Director General of the SICAV Natixis Impact Nord-Sud Développement at Natixis Asset Management said “This partnership with the PlaNet Finance Group, a major player in originating and following up microfinance projects throughout the world, confirms our ambition to retain our position as leaders in solidiarity financing in France with our SICAV Natixis Impact Nord-Sud Développement.”

 Christian Fleuret, Founding President of the finaréa network, adds “After a joint investment in 2009 with one of the subsidiaries of the PlaNet Finance Group, we wish now to strengthen our commitment to Socially Responsible Investment.  This is a principle which we apply at our own level by favouring socially responsible investments or in the domain of sustainable development.”

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