NATIXIS -2020 Universal Registration Document

1 PRESENTATION OF NATIXIS Natixis’ businesses

Natixis’ businesses 1.2

Asset & Wealth Management 1.2.1 Natixis Investment Managers, one of the world’s largest asset managers, remains the primary driver of the Asset & Wealth Management division at Natixis. 1.2.1.1 Natixis Investment Managers ranks 17th globally by assets under management (Cerulli Associates: Global Markets 2020 report based on AuM as of December 31, 2019) . As a global multi-affiliate asset management business, Natixis Investment Managers includes more than 20 specialized investment managers in the US, Europe and Asia. Based on the Active Thinking SM concept, the brand platform of Natixis Investment Managers embodies its commitment to a highly active, conviction-led investment style and its stewardship for a long-term investing approach. Natixis Investment Managers 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, supported by 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, and its main support functions operate 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). 2020 was marked by exceptional uncertainty and unprecedented challenges, with significant repercussions on revenues and results. However, Natixis Investment Managers proved resilient to the test and continued to record new inflows and preserve its returnmargins. Natixis Investment Managers has once again demonstrated the effectiveness and resilience of the multi-affiliatemodel. Robust and diversified, focusedon performance,sustainablegrowth sources and the unique needs of investors, Natixis Investment Managers has proven its ability to evolve according to circumstancesand has been able to provide advice and services to its clients. There was good momentum in investment styles, strategies and geographic areas, including fixed income, growth equities, ESG, private debt and alternative investment solutions. Natixis Investment Managers achieved significant gross inflows in several markets, particularly in the United States and Asia. Despite the outflows recorded at H2O Asset Management, the European activity once again demonstrated its ability to produce results despite market headwinds: Asset management

the announced merger of the fixed-income and insurance V management activities of Ostrum Asset Management and La Banque Postale Asset Management was completed. This marks the creation of a European leader to assist liability-driven investors and bond management for large institutional clients, with more than €430 billion in assets under management. This transaction was also an opportunity to strengthen the DNCA Finance and Thematics Asset Managementteams by repositioning the equity expertise of Ostrum AM; Natixis Investment Managers and H2O AM announced that they V have begun discussionson the possible and orderly unwindingof their partnership by the end of 2021 . Such evolution remains subject to consideration and approval by relevant regulatory authorities; the ambition to extend the private debt offering in recent years, in V particular with the development of Flexstone Partners, the launch of Vauban InfrastructurePartners and the acquisitionof MV Credit, is bearing fruit. The activities of Natixis Investment Managers in this exposure class are now among its main profitability drivers, fueled by strong inflows; followingthe acquisition of a minoritystakein 2019,WCMInvestment V Managementis now fully consolidatedinto the distributionplatform, as evidencedby materialcontractswon in Koreaand theMiddleEast, in addition to over US$6 billion in outstandings collected by the centralized American distribution platform; Natixis Investment Managers continues to support the ambitions V of its affiliates to strengthen their capacities and further their international development. In the fourth quarter, Boston-based Loomis Sayles recruited a European credit team (specializing in A-rated bonds) that will step up its global footprint. The Company ended the year with record assets under management and profits; Natixis Investment Managers enjoyed a solid sales momentum in V most of the regions where it operatesand continuedto develop its distributionnetwork. In the United States, Natixis IM saw a strong drive in retail activitywith its main distributorsand throughits newly established strategic distribution partnerships. In Europe, an increasein inflows was recordeddespitea challengingenvironment, particularly in private debt. Lastly, Natixis Investment Managers achieved significant growth in Asia, particularly in China, which confirmed the targeted strategy in the region; the Company is on track to continue the transitionof its clients to a V more sustainable investment model. In 2020, Natixis Investment Managers published its first report on responsible investment, Making a difference , which presents its approach to ESG and sustainable investing, and its latest thoughts on several major challenges facing society as a responsible investor. The affiliate Mirova, specialized in ESG and impact investing, experienced strong growth in all the regions where it operates, with a 58% increase in its assets under management in 2020 and strong net inflows. At the same time, many affiliates continued to successfully develop their ESG strategies. The portion of Natixis Investment Managers’ assets invested in SRI-labeled funds now representsnearly 15% of total assets of the Company’s funds. The share of assets devoted to sustainable investment in general (funds and mandates) represents more than 10% of assets under management;

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NATIXIS UNIVERSAL REGISTRATION DOCUMENT 2020