Natixis is a French corporate and investment bank created on 2006-11-17 from the merger of the asset management and investment banking operations of Natexis Banque Populaire (Banque Populaire group) and IXIS (Caisse d'Epargne group).
The two main shareholders, Groupe Caisses 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.
[edit] 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 Management is the 14th largest asset management firm in the world with $630 billion in assets under management.
- Private Equity & Private Banking Natixis Private Banking unit includes Banque Privée Saint Dominique.
- Services Business lines include insurance, securities, financial guarantees, and consumer finance.
- Receivables Management (offered through its Coface subsidiary). Coface deals in risk analysis, supporting corporates in account receivables.
[edit] References
- ^ a b c d "Annual Report 2008". Natixis. http://www.natixis.com/upload/docs/application/pdf/2009-05/nati2008_drf_en_pdfi.pdf. Retrieved 2009-09-07.
[edit] External links
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