BPCE - 2018 Registration document

1 PRESENTATION OF GROUPE BPCE Groupe BPCE’s business lines

Wealth Management The Wealth Management division serves two types of clients: the wealth management customers of BPCE’s retail banking networks along with business from Natixis (Group sourcing), and secondly direct clients (major private investors, business owners and their families). It provides to its clients a wide range of expertise based on private equity, structured products and real estate solutions offered in close cooperation with several Natixis entities. In addition, Natixis Wealth Management has developed its own expertise in wealth engineering, credit facilities and corporate advisory. Natixis Wealth Management also relies on its wholly-owned asset management subsidiary, Vega Investment Managers – which covers collective investment management, separately managed mandates, advisory and fund selection – and on all Natixis Investment Managers affiliates to provide various products and services to its clientele. New accounts and new life insurance policies are now opened digitally via the Fronting Digital system. This system simplifies the process for new business relationships, while also ensuring greater security and reliability for transactions. Meanwhile, time saved on formalities means that staff can devote more time to advising and serving clients. CORPORATE & INVESTMENT BANKING Corporate & Investment Banking serves corporates, institutional investors, financial sponsors, public sector entities and the Groupe BPCE networks. It advises them and offers a diversified range of capital markets, financing, trade finance and cash management solutions. Its objective is to develop a strategic dialog with each of its clients over the long term and to maintain a close working relationship with them through a strong regional and international presence. It capitalizes on the technical expertise of its teams to design innovative solutions tailored to their strategy. In 2018, Corporate & Investment Banking further developed its strategy consultant services and solution-driven approach for its M&A Advisory Natixis made strategic investments in Fenchurch Advisory Partners (United Kingdom), Vermilion Partners (China) and Clipperton (France), all leaders in their respective market segments: financial services, M&A advisory services in China and technologies.

At the end of 2017, Natixis decided to reposition its business by focusing on the High Net Worth Individuals segment (HNWI), while also simplifying its business model, stepping up its digital transformation and better leveraging expertise within the Group. This led notably to a change in brand, from Banque Privée 1818 to Natixis Wealth Management, effective for its entire covering France, Luxembourg and Belgium. In 2018, Natixis Wealth Management sold its Sélection 1818 platform, which addresses independent wealth management advisors and no longer fitted within the strategy of the business. In addition, consistent with its repositioning on the HNWI segment, it announced the acquisition of asset management and investment consulting company Massena Partners, with a clientele solely focused on the HNWI segment, and signed a partnership with Essling Capital to bolster its private equity and real estate club deal offering. In 2018, Natixis Wealth Management recorded net inflows of € 2.2 billion, taking total assets under management up 3% to € 26 billion (1) .

clients, while also consolidating its status as a leading bank in four strategic sectors: Energy and Natural Resources, Infrastructure, Aviation, Real Estate & Hospitality. It also confirmed its position as a key player in green, sustainable finance, particularly in renewable energy financing, SRI research, green bonds and climate equity investment solutions. Synergies with the Group banking networks were expanded in financial engineering, loan syndication, fixed income and foreign exchange products, and dedicated investment solutions. Most innovative investment bank for climate change and sustainability in 2018.

In Europe, Natixis and Natixis Partners advised the Chinese consortium comprising Fosun and Sanyuan on the acquisition of Groupe St Hubert.

Excluding Sélection 1818 (1)

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Registration document 2018