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Country: France

  • BNP Paribas Wealth Management is the private banking subsidiary of the financial institution BNP Paribas.
  • It is present in 19 countries, employs 6800 people and is no. 1 in the euro zone.
  • BNP Paribas Wealth Management manages assets worth 390 billion euros in 2020.
  • The company has a broad portfolio of solutions to best meet the needs of its customers, who are individuals as well as companies and expatriates.
  • La Banque Privée has won numerous awards. In fact, it was the Agefi jury's Coup de Coeur 2020 in the private banking category, and in 2019 it ranked first among private banks in France and worldwide according to Global Finance World's Best Private Banks Awards.

february 19, 2021 - BNP Paribas Wealth Management remains market leader in France - source(Patrimoine 24)

  • Private banking awarded the SRI label
  • BNP WM manages 46.5 billion euros in France

february 9, 2021 - BNP Paribas Wealth Management expands its offering - source(Bourse Direct)

  • The company launches Harmony Prime
  • This will enable its retail clients to access international liquid and illiquid assets

CEO BNP Paribas Wealth Management: Vincent Lecomte(profile

News

BNPP AM-AXA IM merger: the major issues at stake in the deal of the year 17/09/2024

  • - BNP Paribas and AXA IM create Europe's second-largest asset management company, behind Amundi.
  • - Total assets under management after buyout: €1,500 billion
  • - Transaction value: 5.4 billion euros
  • - Duration of long-term strategic agreement: around 15 years
  • - Assets entrusted by the insurer (AXA) represent nearly 30% of the new entity's assets under management at the end of June 2024
  • - Employees at the end of June: AXA IM with 53% and BNPP AM with 29% of their workforce in France
  • - Institutional clients account for around half of BNPP AM's assets under management and 60% of AXA IM's (excluding AXA)
  • - 160 billion euros of Cardif insurance and savings assets managed by the new entity
  • - Total savings managed thanks to AXA IM's expertise in insurance management: 850 billion euros

AXA sells its asset management business to BNP Paribas for €5.1 billion 01/08/2024

  • - BNP Paribas Cardif will spend 5.1 billion euros to acquire AXA Investment Managers.
  • - AXA IM plans to spend 300 million euros to acquire Select (ex-Architas), another AXA subsidiary.
  • - Asset management is valued at 0.6% of assets under management
  • - BNP Paribas will reach €1,500 billion in assets under management, making it Europe's second-largest asset manager behind Amundi (€2,150 billion).
  • - AXA had 859 billion euros in assets under management at June 30.
  • - BNP Paribas assets under management before acquisition: 600 billion euros, with a total of 865 billion euros including the assets managed by BNP Paribas Cardif.