Engage. Commit. Achieve. Delivering investment success for our institutional clients For Professional Investors
1 - Engage. Commit. Achieve. Delivering investment success for our institutional clients Engage. By engaging with our clients and understanding their needs we are able to provide investment solutions that are right for them. Commit. We commit our resources to develop our client relationships into true long-term partnerships. Achieve. Our goal is to achieve compelling investment outcomes for our clients, together with a high-quality client experience.
Engage. Commit. Achieve. Delivering investment success for our institutional clients - 2 We seek to develop true partnerships with our clients and to provide them with compelling investment outcomes together with a high-quality client experience,, An established institutional manager BNP Paribas Investment Partners is the asset management arm of BNP Paribas, one of the largest and best rated banks in the world. 1 We are organised around three client segments: institutional investors, intermediary distributors, and clients in emerging markets. Our institutional business line consists of over 350 staff dedicated to providing the highest-quality global and regional multi-asset, equity and fixed income solutions to our institutional investors. We manage EUR 344 billion for institutional clients including pension funds, central banks, sovereign wealth funds and supranational organisations, insurance companies, corporates, and endowments and foundations. We seek to develop true partnerships with our clients, and by understanding their needs and delivering to them high quality, relevant investment solutions. Critical to how we manage our relationships with our clients and their assets is our thorough analysis and understanding of local markets. We have experts dedicated to institutional clients based in all major European countries as well as North America and the Middle East. We work closely alongside our clients and investment consultants as we tailor our services to match their different needs. Our investment capabilities are managed by our subsidiaries: BNP Paribas Asset Management manages our multi-asset, equity and European and Asian fixed income solutions and Fischer Francis Trees & Watts (FFTW) manages our global and US fixed income strategies, including all of our credit capabilities; regional subsidiaries manage our local emerging market capabilities. FFTW, established in 1972 and dedicated solely to managing fixed income capabilities, has been part of the BNP Paribas group since 1999. Our parent company, BNP Paribas, provides us with the resources we need to continue providing the highest quality, cutting-edge investment services that our institutional clients expect of us. 1 Rated A+ by Standard and Poor s, as at 3 February 2015 Source for all data in this brochure, unless otherwise specified: BNP Paribas Investment Partners, as at 31 December 2014 we work closely alongside our clients
3 - Engage. Commit. Achieve. Delivering investment success for our institutional clients Engage.
Engage. Commit. Achieve. Delivering investment success for our institutional clients - 4 We understand that institutional investors needs and challenges vary widely by country. We provide them with a premium service wherever they are based,, Engaging directly with you, our client The added value we offer to our clients globally is our local on the ground expertise. We have people locally based in the markets in which we invest and where our clients are located. This local presence is vital it not only allows us to understand local investment opportunities, but also what our clients expect of us. Our investment decisions are greatly enhanced by our presence in local markets. Being on the ground enables us to identify and understand local market drivers, which is a significant advantage in the decision-making process. Our investment teams are based primarily in Boston, New York, London, Amsterdam and Paris, and we have access to BNP Paribas Investment Partners resources across the world s major markets. We pride ourselves on our ability to listen and understand our clients needs. We realise that institutional investors needs and challenges vary widely by country and by region, so we have allocated significant resources to engage with our clients and to ensure we provide them with relevant investment solutions and high-quality service wherever they are based. We have nearly 100 client-facing professionals dedicated to institutional investors, they are supported by compliance, legal and risk management experts in 12 offices throughout Europe, North America and the Middle East. BNP Paribas Investment Partners also has a strong presence in emerging market countries and is on the ground to support our clients in these regions. We have been engaged in these markets for many years, either as part of our own history or through acquisitions that we have made. In key markets such as the US, UK, Netherlands, Germany and France, we have been managing institutional clients assets for over 20 years. we have nearly 100 client-facing professionals dedicated to institutional investors
5 - Engage. Commit. Achieve. Delivering investment success for our institutional clients Commit.
Engage. Commit. Achieve. Delivering investment success for our institutional clients - 6,, each client s needs and objectives We have developed our wide range of multiasset portfolios based on our understanding of A commitment to your long-term success The basis of our relationships with our clients is our in-depth analysis and understanding of individual risk appetite, investment goals and service requirements. From here, we commit to deliver market-leading investment solutions and services across every aspect of our relationship from portfolio management and reporting on asset performance, to complying with their specific investment guidelines and providing customised training programmes. Our aim is simple: to become a long-term investment partner by committing to achieve the long-term success our clients expect. Access to our portfolio managers is an important part of our service to our clients, as it helps us to customise the solutions that are right for them and keep them informed about how their portfolios are positioned. We have developed several of our marketleading investment capabilities as a direct result of working closely alongside our clients and listening to their needs. These include our inflation-linked products, our global and regional bank loan strategies, and our risk overlay and liability-driven investment solutions. Our ability to customise our strategies to meet our clients needs is at the very heart of our commitment to provide the best service. We have developed our wide range of multi-asset portfolios based on our understanding of each client segment s needs and objectives. But achieving successful client outcomes goes well beyond portfolio management and standard service. We are committed to sharing our expertise with our clients. In 2009 we set up the Investment Academy to provide our clients with customised training programmes on all aspects of asset management, including investments, risk control, regulation and operations. To date, over 6,000 participants have attended Investment Academy workshops or seminars. More than 300 events have taken place in 30 locations around the world, in 10 different languages. over 6,000 participants have attended our Investment Academy workshops or seminars
7 - Engage. Commit. Achieve. Delivering investment success for our institutional clients Achieve. Our capabilities Multi Asset Solutions Risk-graded Multi-asset income Flexible/diversified growth Multi-management Lifecycle solutions LDI (Liability Driven Investment) Dynamic risk management Fiduciary management Fixed Income Single-sector Multi-sector Short duration Money markets Absolute return Emerging markets Credit Senior secured loans Equities European equities Global equities US equities Emerging market equities Global listed real estate Alternative strategies* Total return credit SRI (Sustainable Responsible Investment) credit Structured credit Structured solutions Private debt Clean energy infrastructure Smart Beta & Quant Strategies Low volatility Equities Multi-factor equities * Includes strategies managed by BNP Paribas Investment Partners, affiliate organizations and third parties.
Engage. Commit. Achieve. Delivering investment success for our institutional clients - 8 The financial stability of our parent company enables us to make plans and build with our clients future success in mind,, Achieving compelling investment outcomes Investing is at the heart of what we do, we are dedicated to growing the value of our clients assets. Our clients benefit from a leadership team that has extensive hands-on experience in portfolio management. Our investment teams are wholly accountable for their investment processes and decisions and they are fully incentivised to produce excellent long-term risk adjusted returns for our clients. While they manage diverse strategies, they share a number of common beliefs: that active management maximises long-term returns in inefficient markets; that a combination of systematic evaluation and qualitative insight is the best way to identify opportunities; and that risk management needs to be fully embedded in the investment process but also overseen by independent risk management experts. Our investment teams offer an attractive combination of experience, size and capacity. Our strategies aim to be in the asset management sweet spot, with assets under management that are large enough to exploit economies of scale but small enough to enable us to nimbly capitalise on opportunities as they arise. It goes without saying that we are committed to investment management, and will be here to act as a long-term partner to institutional investors. The financial stability of our parent company enables us to make plans and build with our clients future success in mind. This approach also applies to our staff, as our long-term incentive scheme has been designed to attract and retain experienced, talented investment professionals. our investment teams are fully incentivised to produce excellent long-term risk-adjusted returns for our clients
9 - Engage. Commit. Achieve. Delivering investment success for our institutional clients Investment teams on the ground in Asia Pacific, Europe, Latin America and North America,, Strength across the board The facts and figures below demonstrate our ability to deliver investment success for our institutional clients. Strong credentials EUR 514 billion in assets under management 1, EUR 344 billion of which we manage on behalf of institutional clients Our investment professionals 2 average over 15 years of experience Rigorous controls, compliance and risk management demonstrated by our Fitch Ratings Asset Manager rating (Highest Standards, Stable Outlook) and our ISAE 3402 Type II Report 3 Strong investment capabilities Buy ratings from several global consultants for our European equity, inflationlinked bond, European aggregate fixed income and Asian fixed income capabilities A broadly-recognised multi-asset and fiduciary management provider, with over EUR 50 billion of assets under management 1 First mover in collateralised loan obligations and global senior secured loans, with almost EUR 3.5 billion of assets committed to these strategies 4 A strong global presence Investment teams on the ground in Asia Pacific, Europe, Latin America and North America Nearly 100 institutional sales and client service professionals focusing on key client segments located in 12 markets throughout Europe as well as North America and the Middle East On-the-ground operations in key institutional markets for over 20 years A strong parent company BNP Paribas is the fourth-largest bank in the world 5 Basel III Common Equity Tier 1 ratio of 10.3% 1 Rated A+ by Standard & Poor s 6 1 As of 31 December 2014 2 For investment professionals dedicated to our institutional business line 3 Fitch Ratings as at September 2014; ISAE 3402 Type II Report (previously SAS-70 certification), provided by Deloitte as of December 2013 4 As of 31 December 2014 5 Based on assets as of 31 March 2014. Source SNL Financial 6 As of 3 February 2015
Engage. Commit. Achieve. Delivering investment success for our institutional clients - 10 Engage. Commit. Achieve.
Disclaimer Opinions expressed are current as of the date appearing in this document only. This document is confidential and may not be reproduced or redistributed, in any form and by any means, without BNP Paribas Investment Partners, BNP Paribas Asset Management or FFTW s prior written consent. This material is issued and has been prepared by BNP Paribas Asset Management S.A.S. ( BNPP AM )* and Fischer Francis Trees & Watts UK (FFTW)** members of BNP Paribas Investment Partners (BNPP IP)***. This material is produced for information purposes only and does not constitute: 1. an offer to buy nor a solicitation to sell, nor shall it form the basis of or be relied upon in connection with any contract or commitment whatsoever; or 2. any investment advice. Opinions included in this material constitute the judgment of BNPP AM and FFTW at the time specified and may be subject to change without notice. BNPP AM and FFTW are not obliged to update or alter the information or opinions contained within this material. Investors should consult their own legal and tax advisors in respect of legal, accounting, domicile and tax advice prior to investing in the Financial Instrument(s) in order to make an independent determination of the suitability and consequences of an investment therein, if permitted. Please note that different types of investments, if contained within this material, involve varying degrees of risk and there can be no assurance that any specific investment may either be suitable, appropriate or profitable for a client or prospective client s investment portfolio. Given the economic and market risks, there can be no assurance that any investment strategy or strategies mentioned herein will achieve its/their investment objectives. Returns may be affected by, amongst other things, investment strategies or objectives of the Financial Instrument(s) and material market and economic conditions, including interest rates, market terms and general market conditions. The different strategies applied to the Financial Instruments may have a significant effect on the results portrayed in this material. The value of an investment account may decline as well as rise. Investors may not get back the amount they originally invested. The information contained herein includes estimates and assumptions and involves significant elements of subjective judgment and analysis. No representations are made as to the accuracy of such estimates and assumptions, and there can be no assurance that actual events will not differ materially from those estimated or assumed. In the event that any of the estimates or assumptions used in this presentation prove to be untrue, results are likely to vary from those discussed herein. Index performance is presented for illustrative purposes only and does not represent the performance of any specific investment product or portfolio. An investment cannot be made directly into an index. Locations Amsterdam + 31 205275275 Brussels + 32 2274 8311 Frankfurt + 46 69707 99860 London + 44 207 595 2000 Milan + 30 02 7247 4239 Paris + 33 158 97 2525 Zurich + 41 58212 6111 Boston + 1 617 478 7200 New York + 1 212 681 3000 Toronto + 1 416 365 9600 Bahrain + 97 317866150 Asia + 852 2533 0000 Latin America + 52 (55) 5003 9405 Nordics + 46 8 5623 4700 www.bnpparibas-ip.com @BNPPIP_com BNP Paribas Investment Partners BNPPIP The performance data, as applicable, reflected in this material, do not take into account the commissions, costs incurred on the issue and redemption and taxes. * BNPP AM S.A.S. is an investment manager registered with the Autorité des Marchés Financiers in France under number 96002, a simplified stock company with a capital of 67,373,920 EUR with its registered office at 1 Boulevard Haussmann 75009 Paris, France, RCS Paris 319 378 832. www.bnpparibas-am.com. ** FFTW UK Limited is authorised and regulated by the Financial Conduct Authority. Registered in England No: 979759, registered office: 5 Aldermanbury Square, London, England, EC2V 7BP, United Kingdom. FFTW UK is also registered with the US Securities and Exchange Commission as an investment adviser under the Investment Advisers Act of 1940, as amended. FFTW is also registered with the US Securities and Exchange Commission as an investment adviser under the Investment Advisers Act of 1940. *** BNPP IP is the global brand name of the BNP Paribas group s asset management services. The individual asset management entities within BNP Paribas Investment Partners if specified herein, are specified for information only and do not necessarily carry on business in your jurisdiction. For further information, please contact your locally licensed Investment Partner. BNPPIP-v1.1-APR15