After a few years of shaky performance following the financial crisis Natixis appointed Luc François in 2012 from Morgan Stanley to head the bank's capital markets division (including fixed income, forex, loans, commodities, equities/cash and derivatives, cash management and management of the Banque Populaire and Caisse d'Epargne-Natixis collateral). François was charged with aligning the bank's capabilities and establish clear and precise goals for its structured products business. "This goal