Competitor Profile: BNP Paribas Wealth Management 2024

Competitor Profile: BNP Paribas Wealth Management 2024

Summary

This report provides a comprehensive analysis of BNP Paribas Wealth Management's operations. It offers insights into the company’s strategy and financial performance, including key data on assets under management. Customer targeting and service propositions are covered, as are product innovation and marketing activities.

Headquartered in Paris, France, BNP Paribas operates in Europe, Asia, and the Middle East. It has three divisions: Corporate & Institutional Banking; Commercial, Personal Banking & Services; and Investment & Protection Services. BNP Paribas Wealth Management sits under Investment & Protection Services. BNP Paribas Wealth Management offers a wide range of wealth services to HNW and UHNW individuals, expats, families, and entrepreneurs.

Scope

• BNP Paribas Wealth and Asset Management’s AUM increased by 5.4% in 2023, driven by new client inflows and improved market conditions. The firm’s AUM was above GlobalData’s Super League average AUM of $421.2 billion.
• BNP Paribas Wealth Management is focusing on growth in Asia and Europe. It aims to defend its strong presence in Europe, particularly in its domestic markets Belgium, France, Italy, and Luxembourg. In April 2023, the bank launched a new wealth management unit in Thailand.
• BNP Paribas Wealth Management’s offerings across philanthropy, sustainable investments, and responsible investments have been a longstanding initiative. As of December 2022, 90% of assets in BNP Paribas’ European domiciled open-ended funds were classified as Article 8 or Article 9 as per the EU’s Sustainable Finance Disclosures Regulation.

Reasons to Buy

• Examine BNP Paribas Wealth Management's financial performance, key ratios, and assets under management growth.
• Benchmark the company against other global wealth managers.
• Understand its current strategic objectives and their impact on its financial performance.
• Discover its key products and client targeting strategies.
• Learn more about its marketing strategy, social media presence, and digital innovations.