May 11, 2011 at 04:36 PM
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Newport Jazz Fest Secures Presenting Sponsor

The Newport Jazz Festival, established in 1954 and thought to be one of the first annual American jazz festivals, announced today that Natixis Global Asset Management will replace Care Fusion as the annual event's presenting sponsor this Summer.

Headquartered in Paris and Boston, Natixis Global Asset Management provides investment solutions to both institutional and individual clients.

“As a firm that seeks to achieve excellence in all our efforts, partnering with the legendary George Wein and the world-renowned Newport Jazz Festival is the initial step in a broad NGAM global initiative to ‘take and make music around the world’,” said John Hailer, President & Chief Executive Officer, Natixis Global Asset Management – U.S. & Asia. “We hope this program, which is designed to share musical and cultural benefits with audiences ranging from non-profit organizations to schools to a wide range of communities, will illustrate how business objectives today can be closely aligned with educational, social service and regional needs.”

“Joining forces with Natixis Global Asset Management will enhance the outreach of this unique and culturally significant annual celebration,” said George Wein, Chairman of the Newport Festivals Foundation, Inc. and producer of the Newport Jazz Festival. “Since 1954, music lovers have come from far and wide to enjoy this festive gathering of exceptionally talented artists. We are pleased that this global organization was touched by the magic of the Newport Jazz Festival, and we look forward to working with our new presenting sponsor to bring jazz into the lives of current and new fans alike.”

George Wein has produced the event annually since 1954 when he created the first Newport Jazz Festival. The event has scrambled over the past few years to fill sponsorship, after JVC ended its 25-year relationship with the festival in 2009.