2020 Universal registration document and annual financial report - BNP PARIBAS 17
1Presentation of the BnP PariBas GrouP
1
Presentation of operating divisions and business lines
During the health crisis, Securities Services global operating model enabled the bank to manage high volumes at a time of high market volatility. To help alleviate the impact of the pandemic on the economy and society, Securities Services provided services for the issuance of a number of social and Covid-19 response bonds, as well as for the creation of several solidarity funds across markets and jurisdictions (including Bpifrance s Lac 1 fund in France, Fondo Italiano d Investimento s minority growth fund in Italy, MAPFRE s Compromiso Sanitario Fondo fund and Mutuactivos social fund in Spain).
2020 Awards
■ 3 awards including Multi-Market Excellence Western Europe (Global Custodian Leaders in Custody Awards 2020);
■ Custodian of the Year, Clearing Bank of the Year (Asia Risk Awards 2020);
■ European Alternative Administrator of the Year (Funds Europe Awards 2020);
■ Best Bank for Cross Border Custody (Asian Investor Asset Management Awards 2020);
■ 7 awards including Best Subcustodian Broker-Dealers (The Asset Triple A Sustainable Investing Awards for Institutional Investor, ETF, and Asset Servicing Providers 2020).
CORPORATE CENTRE
PRINCIPAL INVESTMENTS Principal Investments manages the Group s portfolio of unlisted and listed industrial and commercial investments with a view to supporting clients and extracting value over the medium- and long-term.
The Private Equity Management unit specialises in providing support for transmission and development projects of unlisted companies by taking minority equity stakes or through private debt financings. It recently opened this strategy to the Bank s clients with the launch of the BNP Paribas Agility Capital fund.
It also provides indirect financing support for the economy through private equity funds.
The Listed Investment Management unit acquires and manages minority interests in predominantly French listed companies.
As part of the commitment made by BNP Paribas at the COP 21 to support the financing of the energy transition, a budget of EUR 100 million by 2020 was decided by the Group at the end of 2015. The mission of Principal Investments was then extended to the management of this budget, i.e. creating and managing a portfolio of minority stakes in innovative companies (start-ups) linked to the energy transition.
PERSONAL FINANCE S MORTGAGE BUSINESS In the context of the Group s 2014-2016 business development plan, Personal Finance s Mortgage Business, a significant portion of which is managed in run-off, was allocated to the Corporate Centre as at 1 January 2014.
