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Launch of Banque Privée 1818
The merger of Banque Privée Saint Dominique and La Compagnie 1818 - Banquiers Privés - was approved on June 30, 2009 at their respective general shareholders’ meeting. The new entity is called Banque Privée 1818.
Backed by the newly created BPCE group, and a wholly-owned subsidiary of Natixis, Banque Privée 1818 is one the leading private banking players in France. It manages over €12 billion and boasts a staff of more than 400.
Banque Privée 1818 focuses on three activities:
- Wealth management: customized financial solutions and techniques to direct clients comprising mostly business people;
- Distribution of a range of wealth management products for top clients of the Caisse d’Epargne and Banque Populaire networks underpinned by the wealth management skills of the private bank;
- Sale of products and services to independent financial advisors approved by the Centre Français du Patrimoine, the second largest multi product platform whose ambition is to become a key partner for the 300 more active independent financial advisors.
At the same time, the two asset management subsidiaries of both banks will merge to create 1818 Gestion.
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About Natixis
Natixis is a French multinational financial services firm specialized in asset & wealth management, corporate & investment banking, insurance and payments. A subsidiary of Groupe BPCE, the second-largest banking group in France through its two retail banking networks, Banque Populaire and Caisse d’Epargne, Natixis counts nearly 16,000 employees across 38 countries. Its clients include corporations, financial institutions, sovereign and supranational organizations, as well as the customers of Groupe BPCE’s networks. Listed on the Paris stock exchange, Natixis has a solid financial base with a CET1 capital under Basel 3(1) of €11.3 billion, a Basel 3 CET1 Ratio(1) of 11.4% and quality long-term ratings (Standard & Poor’s: A+ / Moody’s: A1 / Fitch Ratings: A+).
(1) Based on CRR-CRD4 rules as reported on June 26, 2013, including the Danish compromise - without phase-in
Figures as at 31 March 2020.
