French corporate and investment bank, Natixis, relocates part of its group to Porto

Natixis is a French corporate and investment bank established in November 2006 from the merger of the asset management and investment banking operations of Natexis Banque Populaire (Banque Populaire group) and IXIS (Groupe Caisse d'Epargne).

Natixis provide financial data for the 'Markets' section on the news channel, Euronews. 

According to daily French financial newspaper edited in Paris since 1908, Les Échos, Natixis is relocating a large part of the group to Porto, Portugal and it will boost employment. Nearly 600 jobs will be created over the next three years.

The whole Oporto Centre building was leased to the French multinational corporation. For Natixis, Portugal is an excellent choice due to its "competitive" wages, as well as "the favourable economic environment for foreign investment" and "important language skills".

Portugal is Europe's most compelling destination for corporations to relocate their business to.

Euronext Information Technology centre, currently based in Northern Ireland, is also going to drive a significant part of its activities to Porto. The relocation is set to happen the coming year.