NATIXIS - Universal registration document and financial report 2019

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 17 th globally by assets under management (Cerulli Associates: Global Markets 2019 report based on AuM as of December 2018) . 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’ 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). For Natixis Investment Managers, 2019 was a year of solid financial performance, from both revenue and profitability standpoints. Despite some headwinds, Natixis Investment Managers was able to navigate these with determination and steadfast resolution, and ended the year on a strong footing. Natixis IM benefited brisk business in capital markets, which marked a stark contrast in 2019 and helped to progressively recover the adverse market effect face in the fourth quarter of 2018. Following on from 2018's accomplishments, in 2019 was a year of strengthening Natixis Investment Managers’ multi-affiliate model, but also a year of execution and internal focus to expand the firm's distribution capabilities, reinforce its product range and improve performance and operational efficiency. Natixis Investment Managers has seen strong results in many V parts of its business. Its affiliate Mirova, specialised in ESG (Environmental Social and Governance) and impact investing, demonstrated strong growth, reflecting not only the increasing appeal of socially responsible investing but also strong investment performance and the importance of its brand. In a related area, the early success of its affiliate Thematics Asset Management — launched in March 2019 — demonstrates the great potential for Asset Management Natixis Investment Managers: a strategy founded on active asset management

alpha generation of thematic equity investing and its tie to ESG themes, which continue to dominate the marketplace in Europe and increasingly in other parts of the world. The group strengthened its global equity offering not only with a V highly active, conviction-driven range of thematic strategies, but also by acquiring a minority stake in US-based WCM Investment Management. The establishment of a strong distribution partnership with WCM has already proven to be successful with the launch of new products in the US and Europe and asset gathering from new clients for WCM. In the illiquid space, Natixis Investment Managers is widening the V scope of its strategies and enhancing its distribution capabilities and reach. For instance, the creation of Vauban Infrastructure Partners — an affiliate dedicated to equity investments for the creation, development and operation of social infrastructure, transportation infrastructure, utilities and digital networks — makes a substantial contribution to Natixis Investment Managers’ alternative and real assets range. The development of Flexstone Partners validates the strategy of combining its affiliates in the Private Equity advisory space to create a single platform. Natixis Investment Managers continues to grow its footprint, V reinforcing its presence with insurers and global financial institutions. A joint venture between its affiliate Ostrum Asset Management and La Banque Postale to combine their insurance-related activities and create a leader in the market for European insurers has recently been announced. Natixis Investment Managers also acquired a minority stake in Fiera Capital, its preferred distribution partner in Canada and, although it is still early to see meaningful asset gathering, the pipeline of opportunities is significant. In Asia, which industry wide is expected to be the greatest contributor to global asset growth over the next 10 to 15 years, Natixis Investment Managers has continued to expand the scope of its relationships and the number of affiliates distributed in the region. Adding locally managed investment strategies will be very important to continue to grow in the region. In 2019, Natixis Investment Managers continued to strongly V enhance its brand visibility through high-level media engagement and global partnerships with thought leadership groups, such as the PRI, G7 Investor Leadership Network, World Economic Forum, Dow Jones, and others. Natixis Investment Managers remains committed to maintaining its place on the global stage to foster its distinctive approach towards active investing. 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, and grow 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, continue investments in digitalization and technology, and expand its global footprint and capabilities, notably in Asia. The firm will also continue to invest in ESG and impact investing, as well as diversity and inclusion, and is committed to making clearly measurable progress in both areas.

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NATIXIS UNIVERSAL REGISTRATION DOCUMENT 2019