IXIS Asset Management Advisors has created a new division called Managed Portfolio Advisors. The new unit is designed to help financial institutions develop investment products, construct portfolios and provide overlay management.

"This new division builds on the expertise that we have established in separate account portfolio construction and overlay management," said John T. Hailer, president and CEO of IXIS. "Our goal is to bring this expertise to a broader business base."

The president of the new division is Curt Overway, who is known for his work with multiple-discipline products. These products use complementary investment strategies in a single portfolio and appeal to institutional clients, which seek disciplined risk-based asset allocation.

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