2019 Universal registration document and annual financial report - BNP PARIBAS 13

1Presentation of the BnP PariBas GrouP

1

Presentation of operating divisions and business lines

BNP PARIBAS ASSET MANAGEMENT BNP Paribas Asset Management is the asset management business of BNP Paribas and has over 2,400 employees. Through the BNP Paribas integrated model, it has access to a broad international client base and has close relationships with BNP Paribas distribution networks. The Company has EUR 440 billion assets under management and over 520 investment professionals. BNP Paribas Asset Management has a major international presence with more than 70% of its clients in Europe, of which a large majority are outside of France, and a significant number in Asia Pacific (approximately 20% of its assets under management and 25% of its employees).

BNP Paribas Asset Management offers investment solutions for individual investors (through internal distributors BNP Paribas Private Banking and Retail Banking and external distributors), corporate and institutional investors (insurance companies, pension funds, official institutions and consultants). Its aim is to offer high value-added solutions thanks to a broad range of expertises in Equities, Fixed Income, Private Debt & Real Assets and Multi-Asset, Quantitative and Solutions (MAQS). BNP Paribas Asset Management was also recognised by the 2019 Corbeilles Mieux Vivre Votre Argent Prize, with four awards for the best performing fund ranges offered to BNP Paribas retail clients.

BNP Paribas Asset Management s priority is to achieve long-term sustainable investment returns for its clients by placing sustainability at the heart of its strategy and investment decisions. As such, and as part of its Global Sustainability Strategy, BNP Paribas Asset Management reaffirmed its commitment in 2019 by transforming its active flagship range into a 100% sustainable offering, involving a rigorous process for integrating ESG criteria into all its funds.

BNP Paribas Asset Management also completed its industrialisation with the roll out of Aladdin software for its management platform.

BNP PARIBAS REAL ESTATE With its extensive range of services, BNP Paribas Real Estate Services can support its customers across all stages of the property life cycle, from building design to everyday management:

■ Property Development 117,000m2 of commercial real estate and construction begun on 2,500 housing units in 2019, in France and in Frankfurt in Germany;

■ Advisory (Transaction, Consulting, Expertise) 6 million m2 sold and EUR 31 billion in investment supported in 2019, including the largest transaction ever recorded in Germany/the sale of the Millenium portfolio for EUR 2.8 billion;

■ Investment Management EUR 30.1 billion in assets under management (AuM) in Europe, mainly in France, Germany and Italy;

■ Property Management EUR 43.7 millions m2 of commercial real estate managed in Europe.

This multi-sector offering covers all asset classes: offices, homes, warehouses, logistics platforms, retail, hotels, serviced residences, etc.

With over 4,800 employees, the Group can offer a wide array of services, based on the needs of clients, whether they are institutional investors, owners, corporates (SMEs, large corporate groups), public entities, local authorities or individuals.

With its geographic network in 14 countries on this continent, BNP Paribas Real Estate is one of Europe s leaders in commercial real estate. Its major markets are France, Germany and the United Kingdom. The Company also has platforms in Hong Kong, Dubai and, since 2019, in Singapore, as well as a comprehensive network of business alliances with local partners in some fifteen other countries, including the United States.

In residential development, BNP Paribas Real Estate operates for the most part in France s major cities, but has also developed projects in London, Milan and Rome.

CORPORATE AND INSTITUTIONAL BANKING

CORPORATE & INSTITUTIONAL BANKING With close to 35,000 people in 55 countries, BNP Paribas CIB serves two types of customers business and institutional (banks, insurance companies, assets managers, etc.) tailor-made solutions in capital markets, securities services, financing, cash management and financial advice.

Acting as a bridge between corporate and institutional clients, it aims at connecting the financing needs from corporate clients with institutional clients seeking investment opportunities. In 2019, 27% of BNP Paribas revenues from operating divisions were generated by BNP Paribas CIB.

The CIB s streamlined and efficient organisation is designed to meet the needs of BNP Paribas corporate and institutional clients. CIB is thus organised around three main businesses:

■ Corporate Banking, with its own organisation in each region;

■ Global Markets, grouping together all capital market activities; and

■ Securities Services.

CIB is present in three main regions:

■ EMEA (Europe, Middle East, Africa);

■ Americas;

■ APAC (Asia-Pacific).

2019 Awards

■ Euro Bond House of the Year (IFR Awards 2019);

■ FX Derivatives House of the Year (IFR Awards 2019);

■ Green Bond Lead Manager of the Year for Corporates (Environmental Finance Bond Awards 2019);

■ Most Impressive House for Corporate Bonds (Global Capital Bond Awards 2019);

■ Research & Strategy House of the Year (Global Capital Derivatives Awards 2019);

■ Derivatives House of the Year (Energy Risk Awards 2019);

■ Currency Derivatives House of the Year (Risk Awards 2020);

■ Best Bank for Financing, Western Europe (Euromoney July 2019).