Groupe BPCE SA
Groupe BPCE is the 2nd-largest banking group in France, operating in the retail banking and insurance fields through its two networks, Banque Populaire and Caisse d’Epargne, along with Banque Palatine. Through Natixis, it also runs global asset management, corporate & investment banking and payments business lines.[1]
Company
Ownership
Cooperative shareholders (9m) own 100% of the capital of the Banques Populaires and Caisses d’Epargne banks via cooperative shares. Their representatives constitute the Boards of Directors of the Banques Populaires and the Steering & Supervisory Boards of the Caisses d’Epargne. Banques Populaires and Caisses d’Epargne banks each own 50% of BPCE’s capital.
Structure
Natixis SA
Natixis is the international corporate and investment banking, asset management, insurance and financial services arm of Groupe BPCE, with clients spread over two retail banking networks: Banque Populaire and Caisse d’Epargne. It was formed in Nov.2006 by combining the financing, investment banking, and banking services activities of the Banque Populaire and Caisse d'Epargne groups.
Natixis has its own client base of companies, financial institutions and institutional investors as well as the client base of individuals, professionals and small and medium-size businesses of Groupe BPCE’s banking networks.ref Natixis is organised into 4 main business lines:
- Asset & Wealth Management
- Corporate & Investment Banking: investment banking, mergers & acquisitions , financing, capital markets, trade & treasury solutions;
- Insurance: life and non-life;
- Specialised Financial Services.
Financing Fossil Fuels:[1]
Tar Sands: $2m
Arctic Oil: $5m
Offshore: $1.02bn
Fracking: $320m
LNG Export: $762m
Coal Power: $194m
- 70.6% BPCE SA
- 2.79% Natixis SA Employee Stock Ownership Plan
- 0.79% Vanguard Group Inc
- 0.77% BNP Paribas Asset Management France SAS
- 0.72% Caixabank Asset Management SGIIC SA
- 0.65% Société Générale SA#Lyxor International Asset Management SAS[2]
- 0.63% Crédit Agricole SA § Amundi Asset Management SA
- 0.58% BlackRock Fund Advisors
- 0.54% Fidelity Management & Research Company
- 0.51% Wellington Management Company LLP
Natixis Investment Managers
- Nov.2017: Natixis Investment Managers: the company was renamed to better highlight its multi-affiliate business model.ref
- 2007: Natixis Global Asset Management: Natixis Asset Management and Ixis Asset Management merged.ref
Ostrum Asset Management SA
Formerly known as Natixis Asset Management, the firm changed its name in Apr.2018.ref Ostrum, meaning “purple coloured”, was chosen to connect the firm to its parent companies Natixis and Groupe BPCE.ref
Loomis Sayles & Company LP
Harris Associates LP
DNCA Finance SA
DNCA Finance SA was founded in Jul.2000. TA Associates Management LP[3] acquired a majority stake in Jul.2011 from Gruppo Banca Leonardo, the Milan-based investment bank. Following the transaction, the shareholders were TA Associates (~50%), the incumbent management team (~40%), and Gruppo Banca Leonardo (~10%). In Jun.2015, Natixis Global Asset Management bought DNCA from TA Associates.ref DNCA Finance.arch
Vaughan Nelson Investment
Natixis SA § Vaughan Nelson Investment Management LP
Oney Bank SA
- Oct.2019: BPCE Group holds 50.1% of our share capital alongside Auchan Holding, which holds 49.9%.ref
- Oct.2004: Egg plc's unsecured lending business was purchased from Prudential plc, after Egg was withdrawn from the French market.ref,ref,ref
- 1988: Banque Accord was established with the renaming of Banque Delort.ref
- 1987: Banque Accord: Banque Delort, a subsidiary of banking group Crédit Commercial de France, was acquired by Auchan Holding.ref
- 1983: Auchan Holding began issuing "Accord" retail cards in its hypermarkets,ref to enable clients to pay for and finance store purchases.AR-2013,p.17
References
- ^ Banking on Climate Change: Fossil Fuel Finance Report 2020. The new Report shows financial support for the Fossil Fuel Industry has increased every year since the Paris Agreement was adopted in Dec.2015. Again, the big USA banks dominate; again, JPMorgan Chase leads the pack, with Wells Fargo, Citigroup, and Bank of America close on their heels. These 4 banks alone are responsible for 30% of all fossil fuel financing out of the 35 major global banks since the Paris Agreement was adopted. Rainforest Action Network, Mar.20.2019.