CNP Vita Assicura Awards €15.6 Billion Asset Management Mandate to Ostrum AM

CNP Vita Assicura Awards €15.6 Billion Asset Management Mandate to Ostrum AM

(IN BRIEF) CNP Vita Assicura, a subsidiary of CNP Assurances, has entrusted Ostrum Asset Management with a €15.6 billion asset management mandate following a competitive tender. The partnership covers fixed income, equities, and multi-asset investments, along with risk management services and the implementation of ESG strategies. This collaboration strengthens Ostrum AM’s presence in Italy and further solidifies its position as a leading institutional asset manager in Europe.

(PRESS RELEASE) ISSY-LES-MOULINEAUX/PARIS, 10-Sep-2024 — /EuropaWire/ — CNP Vita Assicura, the Italian life insurance subsidiary of CNP Assurances, has awarded a €15.6 billion asset management mandate to Ostrum Asset Management (Ostrum AM), part of Natixis Investment Managers. The agreement follows a competitive tender process aimed at optimizing the management of the insurer’s listed assets, covering fixed income, equities, and multi-asset portfolios.

In addition to asset management, Ostrum AM will provide strategic advisory services for portfolio risk hedging and order reception and transmission (RTO). A key element of this partnership will be Ostrum’s expertise in responsible investment, supporting CNP Vita Assicura’s rollout of its ESG (Environmental, Social, and Governance) strategy.

This partnership marks a significant milestone in Ostrum AM’s expansion in Europe, particularly in Italy, where the firm established a local branch last year. By becoming CNP Vita Assicura’s sole asset management partner in Italy, Ostrum AM solidifies its position as a top institutional asset manager in Europe.

Marco Passafiume Alfieri, CEO of CNP Vita Assicura, praised Ostrum AM for its comprehensive offer and the provision of a dedicated local team, while Olivier Guigné, Chief Investment and Savings Officer Europe at CNP Assurances, emphasized the partnership’s benefit to policyholders and the closer ties with Groupe BPCE. Olivier Houix, CEO of Ostrum AM, noted the strategic importance of this partnership in advancing Ostrum’s development in Italy and its ambition to be among Europe’s top three institutional asset managers.

About CNP Assurances
The CNP Assurances group is an insurer of both people and property with more than 7,000 employees. It reported net profit of €1,550m in 2023. A subsidiary of La Banque Postale, the Group is France’s leading provider of home-buyer term creditor insurance and the country’s
second largest life insurer. It is the 5th largest insurer in Europe and the 3rd largest in Brazil. With offers distributed in 19 countries by a range of partners, it provides personal risk and protection insurance cover to over 36 million people and 14 million under its savings and pensions contracts. As a responsible insurer and investor (with €400bn invested across all sectors of the economy), CNP Assurances is helping to build an inclusive and sustainable society, protecting and facilitating people’s lives, whatever course they may take.

About Ostrum Asset Management
Ostrum Asset Management draws on its investment expertise to enhance the impact of its clients’ commitments as they act together to support European citizens’ life plans, health and retirement. Ostrum Asset Management is among the European leaders1 in institutional asset management, providing support to its clients operating under liability constraints across the entire investment value chain with a range of insurance-based (equities and bonds), fixed income, and quantitative management offerings, combined with a dedicated set of service offerings. Ostrum Asset Management is a well-established responsible investment advocate2 and manages €396 billion3 in assets for large institutional clients – insurers, pension funds, health insurers, corporations.

Ostrum Asset Management is an affiliate of Natixis Investment Managers. Asset management company regulated by AMF under n° GP18000014 – Limited company with a share of 50 938 997 €. Trade register 525 192 753 RCS Paris – VAT: FR 93 525 192 753. Registered office: 43, avenue Pierre Mendès-France – 75013 Paris –

www.ostrum.com

1. IPE Top 500 Asset Managers (Investment & Pensions Europe) 2023 ranked Ostrum AM as the 9th largest asset manager, as at 12/31/2022. Any reference to a ranking, a rating or an award provides no guarantee for future performance.
2. Ostrum AM was one of the first French asset manager signatories to the PRI in 2008. More details; www.unpri.org
3. Source: Ostrum Asset Management, consolidated data at end-June 2024. The services provided for a given client may concern certain services only.

www.ostrum.com

About Natixis Investment Managers
Natixis Investment Managers’ multi-affiliate approach connects clients to the independent thinking and focused expertise of more than 15 active managers. Ranked among the world’s largest asset managers1 with more than $1.3 trillion assets under management2 (€1.2 trillion), Natixis Investment Managers delivers a diverse range of solutions across asset classes, styles, and vehicles, including innovative environmental, social, and governance (ESG) strategies and products dedicated to advancing sustainable finance. The firm partners with clients in order to understand their unique needs and provide insights and investment solutions tailored to their longterm goals.

Headquartered in Paris and Boston, Natixis Investment Managers is part of the Global Financial Services division of Groupe BPCE, the second-largest banking group in France through the Banque Populaire and Caisse d’Epargne retail networks. Natixis Investment
Managers’ affiliated investment management firms include AEW; DNCA Investments;3 Dorval Asset Management; Flexstone Partners; Gateway Investment Advisers; Harris | Oakmark; Investors Mutual Limited; Loomis, Sayles & Company; Mirova; MV Credit; Naxicap Partners; Ossiam; Ostrum Asset Management; Seventure Partners; Thematics Asset Management; Vauban Infrastructure Partners; Vaughan Nelson Investment Management; and WCM Investment Management. Additionally, investment solutions are offered through Natixis Investment Managers Solutions and Natixis Advisors, LLC. Not all offerings are available in all jurisdictions. For additional information, please visit Natixis Investment Managers’ website at im.natixis.com | LinkedIn: linkedin.com/company/natixisinvestment-managers.

Natixis Investment Managers’ distribution and service groups include Natixis Distribution, LLC, a limited purpose broker-dealer and the distributor of various US registered investment companies for which advisory services are provided by affiliated firms of Natixis Investment Managers, Natixis Investment Managers S.A. (Luxembourg), Natixis Investment Managers International (France), and their affiliated distribution and service entities in Europe and Asia.
1. Survey respondents ranked by Investment & Pensions Europe/Top 500 Asset Managers 2024 ranked Natixis Investment Managers as the 19th largest asset manager in the world based on assets under management as of December 31, 2023.
2. Assets under management (“AUM”) of current affiliated entities measured as of June 30, 2024, are $1,320.8 billion (€1,232.3 billion). AUM, as reported, may include notional assets, assets serviced, gross assets, assets of minority-owned affiliated entities and other types of non-regulatory AUM managed or serviced by firms affiliated with Natixis Investment Managers.
3. A brand of DNCA Finance.

Media Contact:

CNP Assurances:
Florence de Montmarin 01 42 18 86 51
Tamara Bernard 01 42 18 86 19
servicepresse@cnp.fr

OSTRUM ASSET MANAGEMENT:
Clément Bénétreau – +33 1 78 40 87 68
clement.benetreau@ostrum.com
Alexandre Daudin – +33 6 34 92 46 15
alexandre.daudin@shan.fr
Marion Duchêne – +33 6 46 47 09 79
marion.duchene@shan.fr

SOURCE: CNP Assurances