Natixis released third quarter 2016 results that were fully consistent with the ambitions set out in its strategic plan. Natixis reported net income of €315 million in Q316, up 14% vs. Q315 and up 3% through September 30 to more than €1 billion. Natixis’ net revenues increased 8% in Q316 to more than €2.1 billion, driven primarily by business activities at CIB.

Overall, Natixis’ Investment Solutions Division, which includes Asset Management, Insurance and Private Banking, had net revenues of €804 billion during Q3 2016, which was down slightly at -4% vs. Q3 2015.

In particular, Asset Management had net revenues of €609 million during Q316. Compared to the same quarter of last year, these revenues were down 9% at current exchange rates.

Following record high inflows in 2014 and 2015, Asset Management’s outflows continued in the U.S. in Q316 – roughly €8 billion mainly concentrated in Harris equity products. In Europe, there were net inflows of close to €5 billion year-to-date through September 30.

Overall, assets under management at Natixis Global Asset Management as of September 30, 2016 totaled €798.1 billion ($897 billion), compared to €786.6 billion ($874.5 billion) at the end of Q2 2016. In the United States, assets under management were $431.9 (€384.3 billion) as of September 30, 2016, and in Europe, our assets reached €399.8 billion ($449.4). Asian assets were $8.4 billion (€7.5 billion) with assets in the Private Equity Division being €6.5 billion ($7.3 billion).
Natixis Global Asset Management S.A
Limited liability company /
Share capital: €156 344 050
RCS Paris no. 453 952 681
Headquarters: 21 quai d’Austerlitz - 75634 Paris Cedex 13 - France

The analyses and opinions referenced herein represent the subjective views of the author as referenced, are as of the mentioned date, and are subject to change. There can be no assurance that developments will transpire as may be forecasted in this material.

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