Fidelity Charitable chief leaves for Natixis

Natixis Global Asset Management LP of Boston announced today that David Giunta has been named president and chief executive of Natixis Global Associates, its U.S. distribution organization. He joins the firm from Fidelity Investments of Boston where he was president of the Fidelity Charitable Gift Fund. Mr. Giunta will report to John T. Hailer, chief executive of Natixis Global Asset Management, North America chief and who also heads U.S.-based investment management and global distribution. In his role he will direct the daily operations of the U.S.-based distribution organization that services $80.1 billion in assets, as of September 30, 2007. These responsibilities were previously held by Mr. Hailer. “The move is designed to strengthen the distribution talent at Natixis,” said spokesman Peter Joyce. Mr. Giunta spent the last 14 years with Fidelity in a range of sales and marketing roles. Since 2005 he has served as president of the Fidelity Charitable Gift Fund, one of the largest public charities in the U.S. and he also headed Fidelity Charitable Services. He was previously senior vice president of Investor Centers, Eastern Region. “David has said he was not actively seeking opportunities but part of his career goal was to run all aspects of a small company or mutual fund business,” said Fidelity spokesman Vincent Loporchio. “He said it was an extremely difficult decision for him to make. He holds Fidelity and the people he worked with in high regard. But he felt that accepting this opportunity was best for him at this point in his career.” Sarah Libbey, currently senior vice president at Fidelity Charitable Gift Fund, will serve as the interim, president. Prior to joining Fidelity, Mr. Giunta was assistant vice president for product development at Putnam Investments. Natixis Global Associates provides investment solutions to institutions, intermediaries and individuals and is part of Natixis Global Asset Management. Headquartered in Paris and Boston, Natixis has $860 billion in assets under management as of September 30, 2007.