Natixis
Encyclopedia
Natixis is a French corporate and investment bank created in November 2006 from the merger of the asset management and investment banking operations of Natexis Banque Populaire (Banque Populaire group) and IXIS (Groupe Caisse d'Epargne
).
The two main shareholders, Groupe Caisse d'Epargne
and Banque Populaire, together own more than 70% of Natixis while the remaining float is listed on the Paris Stock Exchange.
On December 15, 2008, Natixis revealed that it had lost more than US$450 million in the Madoff investment scandal
on Wall Street
—the largest Ponzi scheme
in history.
Natixis provide financial data for the 'Markets' section on the news channel, Euronews
. On October 26th 2010, Natixis Global Asset Management (NGAM) has acquired a majority stake in asset management start-up ‘Ossiam’.
Groupe Caisse d'Epargne
Groupe Caisse d'Epargne is a French semi-cooperative banking group, founded in 1818, with around 4700 branches in the country. The group is active in retail and private banking, as well as holding a significant stake in the publicly traded investment bank Natixis.-Operations:The group's most...
).
The two main shareholders, Groupe Caisse d'Epargne
Groupe Caisse d'Epargne
Groupe Caisse d'Epargne is a French semi-cooperative banking group, founded in 1818, with around 4700 branches in the country. The group is active in retail and private banking, as well as holding a significant stake in the publicly traded investment bank Natixis.-Operations:The group's most...
and Banque Populaire, together own more than 70% of Natixis while the remaining float is listed on the Paris Stock Exchange.
On December 15, 2008, Natixis revealed that it had lost more than US$450 million in the Madoff investment scandal
Madoff investment scandal
The Madoff investment scandal broke in December 2008 when former NASDAQ chairman Bernard Madoff admitted that the wealth management arm of his business was an elaborate Ponzi scheme....
on Wall Street
Wall Street
Wall Street refers to the financial district of New York City, named after and centered on the eight-block-long street running from Broadway to South Street on the East River in Lower Manhattan. Over time, the term has become a metonym for the financial markets of the United States as a whole, or...
—the largest Ponzi scheme
Ponzi scheme
A Ponzi scheme is a fraudulent investment operation that pays returns to its investors from their own money or the money paid by subsequent investors, rather than from any actual profit earned by the individual or organization running the operation...
in history.
Natixis provide financial data for the 'Markets' section on the news channel, Euronews
EuroNews
Euronews is an international multilingual news television channel.It covers world news from what it claims to be a 'European' perspective.Criticisms are that the perspective is in fact that of the European Commission - a major and growing funder of Euronews....
. On October 26th 2010, Natixis Global Asset Management (NGAM) has acquired a majority stake in asset management start-up ‘Ossiam’.
Operations
- Corporate & Investment Banking Includes Capital Markets, Debt & Finance and Corporate & Institutional Banking. Capital Markets emcompass equities, commodities, fixed-income, forex, derivatives and structured products.
- Asset Management Natixis Asset ManagementNatixis Asset ManagementNatixis Asset Management, a subsidiary of Natixis bank, is a French asset management company based in Paris. It employs approximately 670 employees and manages €302 billion in assets. It sells products from about 20 asset management companies through partners of Natixis Global Asset Management...
is the 14th largest asset management firm in the world with $630 billion in assets under managementAssets under managementAssets under management is a financial term used denote the market value of funds being managed by a financial instutition on behalf of its clients, investors, depositors, etc. This metric is a sign of size and success against competition...
. - Private Equity & Private Banking Natixis Private Banking unit includes Banque Privée 1818.
- Services Business lines include insurance, securities, financial guarantees, and consumer finance.
- Receivables Management (offered through its Coface subsidiarySubsidiaryA subsidiary company, subsidiary, or daughter company is a company that is completely or partly owned and wholly controlled by another company that owns more than half of the subsidiary's stock. The subsidiary can be a company, corporation, or limited liability company. In some cases it is a...
). Coface deals in risk analysisRisk analysis (Business)Risk analysis is a technique to identify and assess factors that may jeopardize the success of a project or achieving a goal.This technique also helps to define preventive measures to reduce the probability of these factors from occurring and identify countermeasures to successfully deal with these...
, supporting corporates in account receivables.