BPCE - 2018 Registration document
1 PRESENTATION OF GROUPE BPCE Groupe BPCE’s business lines
ASSET & WEALTH MANAGEMENT Natixis Investment Managers, one of the largest asset managers worldwide, remains the primary driver of the Asset & Wealth Management division at Natixis.
Asset Management As a global multi-affiliate asset management business, Natixis Investment Managers includes more than 20 specialized Investment Managers in the US, Europe and Asia. Natixis Investment Managers’ brand platform, based on the Active Thinking SM concept, embodies its commitment to a highly active, conviction-led investment style and its stewardship for a long-term investing approach. Natixis Investment Managers’ multi-affiliate structure encompasses a portfolio of more than 20 independent active asset managers providing a distinctive, alpha-generating and diversified suite of investment strategies across traditional and specialized equity, fixed income and alternative asset classes, with the support of a federation of shared services. The company supports the growth of each affiliate through its global distribution platform, offers financial backing for innovation and global oversight to ensure the consistency of operational risk management. Natixis Investment Managers covers over 20 countries with its main support functions operating from Boston, London and Paris. Its global distribution platform serves two major customer segments: institutional investors (public and private pension funds, insurers and banks, sovereign funds and central banks, etc.) and distribution/retail (investment platforms, financial advisors, funds of funds and private banking). For Natixis Investment Managers, 2018 was another year of strong financial performance, from both revenue and profitability standpoints. It was also a year of deep transformation and active development to expand the company’s distribution capabilities, reinforce its product range and improve performance and operational efficiency. Natixis Investment Managers strengthened its distribution ● capabilities with the reinforcement of its international distribution platform which covers Europe, the Middle East, Latin America and Asia-Pacific, and the creation of Dynamic Solutions, which brings together the firm’s expertise in developing customized client investment solutions into a single offering of solutions capabilities within its multi-affiliate organization. The Group enhanced its product range via two acquisitions and ● by incorporating a team with deep thematic expertise. MV Credit, a high-quality pan-European private credit specialist founded in 2000 with offices in Luxembourg and London joined the Group in June 2018. Natixis Investment Managers strengthened its global equity offering by acquiring a minority stake in US-based WCM Investment Management and by launching a highly active, conviction-driven range of thematic strategies including safety, water, robotics and artificial intelligence. In addition, Natixis Investment Managers strengthened its offering in real asset
private debt through a co-investment vehicle set up between its affiliate Ostrum Asset Management and Natixis’ Corporate & Investment Banking arm, thereby increasing synergies within Natixis. The company completed the roll out of its multi-affiliate model ● in Europe with the creation of a European centralized fund business platform, while Ostrum Asset Management, Mirova, Seeyond, H20 and Dorval Asset Management became stand-alone affiliates. Ostrum Asset Management -rebranded early in 2018- renewed its focus on its long-standing fixed-income experience, its focused equity capabilities and its renowned insurance expertise. Natixis Investment Managers continued to improve its revenue ● and operational efficiencies through the combination of two US-based affiliates: McDonnell Investment Management and Loomis Sayles; this will provide McDonnell’s clients with access to Loomis Sayles’ expansive investing, research and operational capabilities and Loomis Sayles with extensive municipal bond investment capabilities. Euro-PE, Caspian Private Equity and Eagle Asia, three existing private equity affiliates were brought together to create Flexstone Partners, which provide investors with a single point of access to private equity advisory services and a wide range of global private equity solutions. In 2018, Natixis Investment Managers strongly enhanced its ● brand visibility through sponsorships and by taking part in high-level thought leadership groups, hence fostering its distinctive approach towards active investing. In November, the first Natixis Investment Managers Summit featured five former heads of state or government among a roster of 70 leading experts and unconventional thinkers from around the world discussing themes underlying “The New Geopolitical World Order”. Natixis Investment Managers will continue to cement its position as a fully active player in the asset management industry, anchored by mature, market-leading businesses in the US and France, but growing its presence across Europe and in other critical regions, including Asia-Pacific, the Middle East and Latin America. Building on its current leading market position and its differentiating multi-affiliate business model, Natixis Investment Managers will further enhance the reach of its distribution network, continue to diversify its line-up of affiliate investment offerings, simplify its global operating model, and expand its global footprint and capabilities. Natixis Investment Managers ranks 16 th globally by assets under management (1) .
Cerulli Associates: Global Markets 2018 report based on assets under management at December 31, 2017 (1)
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Registration document 2018
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