BPCE_REGISTRATION_DOCUMENT_2017

1 PRESENTATION OF GROUPE BPCE Groupe BPCE's business lines

ASSET & WEALTH MANAGEMENT The Asset & Wealth Management division provides solutions tailored to the individual, private banking and institutional customers of Natixis and the Groupe BPCE networks.Its ambition:to confirm its position as a world leader in active investmentstrategiesthanks to its size, profitabilityand capacityfor innovation.

Asset management NatixisInvestmentManagers(IM) is the 15 th largestassetmanagerin the world in terms of assets under management (1) . It comprisesover twentyaffiliatedasset managementcompaniesthat implementtheir own investmentstrategyin all the main asset classes,and a global distributionplatform.Its operationsare evenly distributedbetween Franceand the UnitedStates,withsubstantialdevelopmentprospects in Asia. Business continued to rebound in 2017 on both sides of the Atlantic,includingpositivenet inflowsbuoyedby increasedsales of high value-added long-dated products. Natixis IM further expanded its sustainable portfolio building platform to help investors optimally manage market risk and volatility whilediversifying theirportfolios. Its presencein the Asia-Pacificregion was also expanded,with the acquisitionof InvestorsMutual Ltd in Australia,totalingmore than Wealth management Serving a proprietary French and international customer base as well as the Groupe BPCE networks, Natixis Wealth Management offers wealth management and financial solutions tailored to major private-sector investors, entrepreneurs and their families. The financial management range relies on Vega Investment Managers, whose business covers collective investment CORPORATE & INVESTMENT BANKING Corporate & Investment Banking develops innovative tailor-made solutions for its clients, drawing on the full gamut of its expertise in investment banking and mergers & acquisitions, on the capital markets, in structured financing and in transaction banking services. It plans to further develop its Investment Banking and M&A activities by capitalizing on the expertise gained in four sectors: energy and natural resources, aviation, infrastructures, and real estate and hospitality. In 2017, Corporate& InvestmentBanking bolstered its Investment Banking and M&A expertise with the aim of broadening strategic communicationswith its clients. It also boosted its potential for offering high value-addedintegrated solutions, particularlyon the capital markets, and reiterated its ambitions in green, sustainable finance by creating a Green & Sustainablehub offering issuers and investors a global cross-business platform of expertise and solutions. The three internationalplatforms (EMEA, North & South America, Asia-Pacific) continued to grow, expanding their offers and

AUD9 billion in assets under management.It expects to generate distribution synergies with the NatixisIM sales force inSydney.

No. 15 asset managerin the world (1) € 831bn in assets undermanagement

French subsidiary Ostrum Asset Management (2) successfully tested the FundsDLT platform, providing blockchain technology to portfoliomanagersand investors:the funds are securelydistributed at lower cost and with shorter deadlines. Ostrum Asset Management is thefirst asset manager to use this technology. Responsible investment subsidiary Mirova purchased a 51% stake in Althelia Ecosphere with the goal of becoming the European leader in natural capital investment by offering investment solutions with strong positive ecological impacts.

undertakings, discretionary portfolio management, advisory services and fundselection. Natixis Wealth Management recorded net inflows of more than € 1.4 billion in2017. € 31.6bn in assets undermanagement, +9%

geographic coverage (new branch opened in Taipei) and heightening their visibility, while stepping up inter-platform cooperation forthe benefit of their clients. Lastly,Corporate& InvestmentBankingincreasedsynergieswith the Groupe BPCE networksby further developingthe offer designedfor the Banque Populaire banks and the Caisses d’Epargne, including fixed income and foreign exchange products, creating proprietary indices and investment solutions (equity derivatives) and participating in loan syndications. Most InnovativeInvestmentBank in Equity Derivatives– 2017 (3) Asia-PacificStructured ProductsHouse of the Year– 2017 (4) Commodity ResearchHouseof the Year – 2017 (5) Best equity research in France (6) and bestcredit research in four categories (Covered Bonds– Retail and Consumer Products– Supranationals &Agencies – Utilities)in 2017 (7)

Cerulli Associates, Global Markets 2017 report, based on AuM at end-2016. (1) Ostrum Asset Management is the new name of Natixis Asset Management (2) The Banker Investment Banking Awards 2017 for the second year in a row. (3) Asia Risk. (4) Energy Risk Awards 2017. (5) Thomson Reuters Analyst Awards 2017. (6) Euromoney Fixed Income Research survey 2017. (7)

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Registration document 2017