NATIXIS - 2018 Registration document and annual financial report

1 PRESENTATION OF NATIXIS Natixis’ businesses

Natixis’ businesses 1.3

ASSET & WEALTH MANAGEMENT 1.3.1

Natixis Investment Managers, one of the largest asset managers worldwide, remains the primary driver of the Asset & Wealth Management division at Natixis. Asset Management 1.3.1.1 Natixis Investment Managers ranks 16th globally by assets under management (Cerulli Associates: Global Markets 2018 report based on AuM as of December 2017). As a global multi-affiliate asset management business, Natixis Investment Managers boasts more than 20 specialized asset management companies in the US, Europe and Asia. Natixis Investment Managers’ brand platform is based on the Active Thinking SM concept, encouraging an active, conviction-led investment style to help clients achieve their objectives irrespective of market conditions. Natixis Investment Managers’ multi-affiliate structure encompasses a portfolio of more than 20 independent active asset managers providing a diversified suite of investment strategies 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 retail (distribution platform, wealth management advisors, funds of funds and private banks). 2018 was another year of strong financial performance for Natixis Investment Managers, both in terms of revenue and profitability. 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 it distribution a 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. This brings together its expertise in developing customized investment solutions within a single team in its multi-affiliate organization. The group enhanced its product range through acquisition and a recruited fund managers with extensive thematic expertise. Natixis Investment Managers: a strategy founded on active asset management

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 also launched a highly active, conviction-driven range of thematic strategies including safety, water, robotics and artificial intelligence. In addition, Natixis Investment Managers rounded out 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. Natixis Investment Managers completed the roll out of its a 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 and equity experience, and its renowned insurance expertise. Natixis Investment Managers continued to improve operational a efficiency and created revenue synergies by combining two US-based affiliates: McDonnell Investment Management and Loomis Sayles. The merger will give McDonnell’s clients access to Loomis Sayles’ expansive investing, research and operational capabilities, and Loomis Sayles 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 a brand visibility through strategic partnerships and by taking part in high-level thought leadership groups, each one an opportunity to showcase its distinctive asset management approach centered on active investing. In November, the first Natixis Investment Managers Summit gathered over 70 experts and leading from around the world, including five former heads of state or government, to discuss 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. By 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.

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Natixis Registration Document 2018

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