Natixis and La Banque Postale create a European leader in fixed-income and insurance-related asset management: Ostrum Asset Management
Natixis and La Banque Postale have completed the combination of the fixed-income and insurance-related asset management businesses of Ostrum Asset Management and La Banque Postale Asset Management, following receipt of regulatory approvals. The closing of this combination on October 31, 2020 creates a European asset management leader with more than €430 billion1 in assets under management and over €590 billion1 under administration through its services platform as at end-September 2020.
La Banque Postale, together with its subsidiaries, including CNP Assurances, a subsidiary of the La Poste group, operates in the retail banking, insurance, corporate banking and asset management markets. La Banque Postale supports its customers – private individuals, businesses, professionals, non-profits and the local public sector – with a comprehensive range of accessible services. As a local bank, La Banque Postale is the leading lender to local authorities and has an extensive branch network in France with more than 17,000 contact points, including 7,700 post offices. It is also developing a digital offering, especially through fully-mobile Ma French Bank. As a bank dedicated to serving the community, and a pioneer in responsible finance, La Banque Postale is charged with a public service mission of providing access to banking services through the Livret A passbook savings account.
Press Relations, Natixis
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