Asset management includes the activities of La Banque Postale Asset Management (LBP AM), 70% owned by La Banque Postale, 25% by Aegon Asset Management and 5% by Malakoff Humanis, the fixed income and insurance management activities of Ostrum AM, a joint entity resulting from the merger with Natixis, 45% owned by LBP AM and 55% by Natixis IM (BPCE Group), as well as the real estate management activities of AEW Ciloger, a subsidiary 40% owned by La Banque Postale alongside Natixis IM.
In 2020, La Banque Postale opened a new page in the history of its subsidiary LBP AM. As a pioneer in SRI, LBP AM became multi-specialist conviction manager dedicated entirely to sustainable finance, with assets under management of €52 billion at the end of 2020 (excluding Ostrum delegation) with 100% of eligible funds SRI-certified.
LBP AM offers a wide range of retail savings products and solutions dedicated to institutional investors. To customers who are institutional investors, insurers, mutual insurance companies, large companies and external distributors, it offers open-ended funds, dedicated funds and portfolio management services. To do so, LBP AM has four investment divisions:
- the equity division through its subsidiary Tocqueville Finance;
- the real and private assets division (with a focus on debt);
- the multi-asset and absolute performance division;
- the quantitative solutions division.
The merger of fixed income and insurance activities with Ostrum AM on 31 October 2020 marked the creation of a European leader with nearly €450 billion in assets under management on behalf of large institutional customers. A leading player, Ostrum AM, now has two separate and independent offerings: asset management and investment services.
With nearly €34 billion in assets under management at the end of 2020, asset manager AEW Ciloger ranks among the top five players in intermediated real estate savings in France, developing expertise in real estate asset management through the creation and management of funds and real estate mandates on behalf of institutional customers and funds intended for retail customers.