Groupe BPCE SA

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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

ToDo: Organisation

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.

BankTrack-Fossil-Bank.svg Financing Fossil Fuels:[1]
 Tar Sands: $2m   Arctic Oil: $5m   Offshore: $1.02bn   Fracking: $320m   LNG Export: $762m   Coal Power: $194m 

Shareholders

Total float: 26.6%
Source: MarketScreener.svg, Mar.2020
Natixis Investment Managers
Natixis Investment Managers is a global asset management company, and the 2nd biggest French manager by market share. Clients are institutional investors, companies, private banks, distributors (multi-managers and financial advisers) and banking networks.
  • 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
ToDo: Natixis Affiliates, link, link, link, link, link , link, link
Ostrum Asset Management SA
Ostrum Asset Management is based in Europe, with a local presence in the USA (via Ostrum Asset Management US LLC) and Asia (via Ostrum AM Asia Ltd).
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
Flag-USA.svg Loomis, Sayles & Company is an American investment management firm based in Boston. It was acquired by Natixis Global Asset Management LP in the early 2000s.ref,ref Loomis, Sayles & CompanyWikipedia-W.svg
Harris Associates LP
Flag-USA.svg Harris Associates is an American investment firm based in Chicago. Harris manages long-only equity strategies offered through its mutual fund company, the Oakmark Funds, and other vehicles.
DNCA Finance SA
Flag-France.svg DNCA Finance, t/a "DNCA Investments",OpenCorporates-sm.svg is a French asset manager, headquartered in Paris, France. The firm offers clients a number of different fund products investing in France, the wider Eurozone and internationally. DNCA has expertise in European equities (long only and absolute return), diversified management, convertible bonds and euro-zone bonds.ref

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

ToDo: link
Vaughan Nelson Investment
Vaughan Nelson Investment Management LP, Website

Flag-USA.svg Natixis SA § Vaughan Nelson Investment Management LP

Oney Bank SA

ToDo: oney.fr, oney-banque-accord.com, oney.com, Reports, link, link, logo
  • 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

  1. ^ 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.