Corporate & Investment Banking, Investment Solutions and Specialized Financial Services
Financial and banking solutions
With Natixis, Groupe BPCE provides solutions in the areas of Corporate and Investment Banking, Investment Solutions (asset management, insurance, private banking, and private equity) and Specialized Financial Services. Natixis, which does business with the principal corporate and institutional groups, works in close synergy with retail banking networks to accompany corporate customers, institutions and local authorities in the successful realization of their projects.
Worldwide presence
22,000 employees in 68 countries
Return to profitability in 2010:
2010 net income attributable to equity holders of the parent: +€1.7bn
Total net banking income rose to €6,520m, equal to +10% over 2009.
Strong financial base
Tier One ratio: 11.4% (compared with 10.4% at Dec. 31, 2009)
Core Tier One ratio: 7.9% (compared with 6.6% at Dec. 31, 2009)
Quality long-term ratings
A Standard & Poor’s
Aa3 Moody’s
A+ Fitch Ratings
A strong commitment to sustainable development
Leader in renewable energy financing
A committed player with more than 25 years’ experience and one of the leaders in socially responsible investment and solidarity-based finance in France and Europe (Natixis Asset Management: €11.6bn in outstandings) (Source: Novethic, L’Essentiel de l’ISR – n°25 July 2010)
Corporate and Investment Banking
Expertise at the service of its customers
Natixis offers its clientele of corporate customers, institutional investors and public sector entities:
- Support for development projects: bank financing, access to the primary bond and equity markets, M&A advisory services, strategic and acquisition finance, advice on balance sheet optimization and risk transfer, securitization,
- Investment and risk management products: forex, interest rates, credit market, commodities, equities, etc.,
- Financing solutions for specific activities: commodities, aircraft, transportation, projects, real estate, international trade.
The expertise and technical skills of the Corporate & Investment Banking (CIB) teams, combined with its widely recognized and consistent prize-winning research, allows Natixis to design products and services tailored to the specific needs of its customers.
In the international market, the CIB core business serves its customers through three dedicated platforms: Europe, the Middle East and Africa; North & South America; Asia-Pacific region.
- No.2 bookrunner in the euro-denominated primary bond market for French corporate issuers and No.2 for French issuers of sovereign, supranational and agency debt in 2010 (Source: Dealogic, January 2011)
- No.3 bookrunner in France for primary equities by number of transactions in 2010 – Natixis and Lazard-Natixis (Source: Dealogic & Bloomberg, January 2011)
- No.4 broker in France, No.4 for European securities, No.1 for small- and mid-cap equity sales, No.2 for trading & execution in 2010 (Source: Thomson Reuters Extel Survey – Europe Focus France, July 2010)
- “2010 Bank of the Year” for project finance in Europe (Source: Project Finance International, December 2010)
- No.6 bank worldwide in aircraft finance (Source: Air Finance Journal, November 2010)
Investment Solutions
This division brings together four business lines: Asset Management, Insurance, Private Banking, and Private Equity:
- Asset management, with Natixis Global Asset Management, a global player in asset management, has set up a ‘multi-boutique’ organization around some twenty financial and real estate asset management firms and a worldwide distribution platform. It is present in Europe, the United States, Asia, and the Middle East.
- Working through Natixis Assurances, the division designs and manages a comprehensive range of products in the area of individual and collective life insurance, provident insurance and property damage insurance. This business line is also present outside France through local partner banks.
- Private banking – handled by Banque Privée 1818 in France and by the staff of Natixis Private Banking in Luxembourg – provides financial and weal-management solutions tailored to the needs of large private investors, notably company owners and senior executives.
- The Private Equity business covers venture capital, growth capital, and funds of funds activities.
Together or separately, these businesses provide global solutions tailored to the needs of their different clientele: institutions, corporate customers, high-net-worth individuals, and customers of Groupe BPCE’s retail banking networks.
ASSET MANAGEMENT
- Natixis Global Asset Management ranks in 14th position among asset managers worldwide*
- Assets under management for a total of €538bn at the end of 2010
- Natixis Asset Management was voted the No.1 French asset management firm: Eurofonds/Fundclass Awards
*According to Cerulli research (July 2010) based on assets under management at the end of 2009.
INSURANCE
- Funds under management of €36.5bn
- No.6 bancassureur for life insurance in France (Source: G11) with a portfolio of 1,370,000 life insurance contracts
- No.4 bancassureur for fire, accidents and general risks insurance with 1,217,000 contracts in this segment
PRIVATE BANKING
- Banque Privée 1818 is one of the benchmark players in the private banking segment in France, with total assets under management worth €15.4bn.
- 1818 Gestion is ranked 18th in the 2010 Alpha League Table/ Europerformance-Edhec ranking out of a total of 260 participating firms.
PRIVATE EQUITY
- No.1 French player in private equity operations dedicated to French small- and mid-cap companies (Source: PE Magazine – 01/2010)
- Winner of the Fonds de Capital Développement 2011 (“2011 Growth Capital Fund”) award (Source: PE Magazine – 02/2011)
- €2.4bn of assets under management
Specialized Financial Services
Developed for the banks belonging to Groupe BPCE and their customers, the solutions provided by the Specialized Financial Services division also satisfy the needs of other major banking networks and financial institutions. These solutions are provided through eight business lines:
- Factoring (financing, management and protection of company receivables),
- Sureties and guarantees (multi-market sureties and guarantees),
- Leasing (commercial equipment and real-estate finance, extended period rentals),
- Consumer finance (revolving credit and personal loan management),
- Financing of cinematographic and audiovisual production (structured or cash flow loans, medium-term loans),
- Employee benefits planning (employee savings, retirement savings, employee shareholding, group insurance and special payment vouchers),
- Payments (processing of national, European and international payments),
- Securities services (retail and private banking custody).
From product design to the management of operations, solutions are created using a highly effective and competitive industrial approach.
SPECIALIZED FINANCING*
- No.1 player for real estate leasing (Source: aggregate of ASF figures for Natixis Lease and Cicobail)**
- No.1 player for the financing of cinematographic and audiovisual production (Source: Natixis Coficiné research)
- No.2 player for guarantees covering mortgage loans granted to private individuals (Source: Natixis research)
- No.3 player for factoring (Source: ASF on December 31, 2010)
- No.3 player for consumer credit (Source: Natixis research)
FINANCIAL SERVICES*
- No.1 employee savings manager (Source: AFG on June 30, 2010)
- No.3 electronic money operator (Source: Groupement des Cartes Bancaires)
- No.3 for retail custody services (Source: Natixis research)
*Rankings in the French market in 2010
**On December 31, 2010, Natixis finalized the acquisition of Cicobail.
Specialist subsidiaries
COFACE
Coface, a Natixis subsidiary present in 65 different countries, enables 135,000 corporate customers to benefit from its expertise in receivables management. Thanks to the quality of its local service, more than 45% of the 500 largest international corporations are already Coface customers.
Coface markets solutions designed to manage commercial receivables held by companies against other business organizations. These solutions are structured around credit insurance, designed to protect companies against the risk of financial default by their customers. It also provides companies with information about their commercial partners, receivables management services and factoring products.
In France, Coface also manages, on behalf of the French government, guarantees designed to support French exports and covering risk that cannot be insured by the private sector.
- No.3 worldwide for credit insurance (Source: Icisa)
- No.7 worldwide for business intelligence (Source: Coface Marketing Intelligence Unit)
- No.2 worldwide for receivables management (Source: Coface Marketing Intelligence Unit)
- No.7 worldwide for factoring (Source: FCI)
2009 rankings