EuroTitres: expert in securities custody
Natixis’ EuroTitres department is No. 1 in France for custody services of financial instruments to retail and private banks, with a 25% market share.
EuroTitres acts as custody agent for Groupe BPCE institutions and other banking partners, holding almost 3.6 million securities accounts, and manages transactions carried out by their private clients, such as share purchases, subscriptions to mutual funds in and outside France, dividend payments, portfolio statements and tax forms.
Products and services in line with the highest market standards
Natixis’ EuroTitres department leverages its multi-institution open architecture and scalable IT system, and back- and middle-office tools adapted to each commercial brand to deliver customized assistance to its institutional clients, major retail banks, private banks and portfolio management clients.
EuroTitres’ clients benefit from:
- An industrial processing platform and customized technical services
- Teams with cutting-edge technological and operational skills
- State-of-the-art regulatory watch
EuroTitres guarantees efficient oversight of operational risks and ensures particularly high standards in its approach to quality.
Since 2013, EuroTitres has had the ISAE 3402 Type II certification for its security custody services activity for retail and private banks. Each year, an independent auditor issues a report based on more than 400 control points to certify the reliability of the company’s back-office processes and information system.
As Marc Cattelin, Head of EuroTitres, puts it, “Choosing ISAE certification means choosing transparency and security for all our clients. It also delivers an important message to the market given that we were the first securities custody service for retail clients to obtain this type of certification. In addition, it shows that ensuring process security, controlling risk and delivering quality services to our clients are an integral part of the EuroTitres teams’ culture.”
Securities custody services - necessity is the mother of reinvention
When the 2008 financial crisis took hold, banking networks significantly and durably reduced their securities custody activities. Retail clients shied away from financial markets that were deemed to be risky, while regulatory and tax-law changes benefited the distribution of balance-sheet and life-insurance products. At the same time, competitive pressures grew in what had become a smaller market. Shifts in client behavior, constant changes in the regulatory and tax environment under FATCA, Target 2 Securities and the Eckert Law, which were vital to this business line, in addition to complex transaction processing, weakened the entire securities custody services market. Natixis’ EuroTitres department understood how to transform these challenges into growth opportunities by broadening its external client base, increasing the upstream value chain from the back and middle offices to the front office, and by delivering new services to end-users.
Key Figures (as at December 31, 2016)