BNP Paribas Wealth Management is awarded the Best Private Bank in Hong Kong, in the foreign bank category by Private Banker International, the longest running and globally renowned journal for the wealth management industry, for their Greater China Awards 2012 on 15 May 2012.
BNP Paribas Wealth Management clinches the award with its outstanding capabilities to serve clients' needs, as well as its well established Key Clients Offering for Ultra High Net Worth (UHNW) clients, which is central to the growth strategy of BNP Paribas Wealth Management Hong Kong. A variety of special services are designed for the Key Clients segment with the objective to add value to both their business and personal aspirations.
“The Award is an excellent recognition for our commitment to our clients, as well as a demonstration of our best-in-class offerings that we are capable to offer. Our collaborations within the BNP Paribas Group enables us to offer tailored and effective solutions to our Key Clients, which differentiates us from the competition.” Mrs. Mignonne Cheng, Chairman and CEO of BNP Paribas Wealth Management Asia Pacific said.
Now in its second year running, the Private Banker International Greater China Awards recognise foreign and domestic banks in Hong Kong, China and Taiwan which exhibit significant efforts to grow their top-flight wealth management business and set new standards for the industry.
Decided by the editorial team of Private Banker International, the award gauges the participating banks by their quality and depth of service.
Nicholas Moody, Editor of Private Banker International, commented on the results, "BNP Paribas Wealth Management is making strong headway in the Hong Kong market with a spike in net new money in 2011. It has a particular focus on key clients in Hong Kong and in 2011 it established a formal referral programme between its Corporate & Investment Bank and Wealth Management divisions with a big increase in the amount of introductions and referrals. Client success stories also illustrate the depth of this collaboration."
This award adds to BNP Paribas Wealth Management's luminous industry recognitions:
Private Banker International
- Top 3 Outstanding Global Private Bank in 2011
- Top 3 Outstanding Private Bank in Europe in 2011
Asiamoney Private Banking Poll
- No. 1 Best Private Bank in China (voted by HNWI with USD1-5 million AUM) in 2011
- No. 1 Best Private Bank in India (voted by HNWI with USD 5-25 million and over USD 25 million AUM) in 2011
Asian Private Banker
- Best Private Bank in Taiwan in 2011
About BNP Paribas Wealth Management (www.wealthmanagement.bnpparibas.com)
BNP Paribas Wealth Management is the world's 7th largest private bank, present in some 30 countries. Over 6,000 professionals, based in every major financial centre, provide a private investor clientele with solutions for optimising and managing their assets. The bank has €244 billion worth of assets under management (as at end December 2011)
About BNP Paribas
BNP Paribas (www.bnpparibas.com) has a presence in 80 countries with nearly 200,000 employees, including more than 150,000 in Europe. It ranks highly in its three core activities: Retail Banking, Investment Solutions and Corporate & Investment Banking. In Europe, the Group has four domestic markets (Belgium, France, Italy and Luxembourg) and BNP Paribas Personal Finance is the leader in consumer lending. BNP Paribas is rolling out its integrated retail banking model across Mediterranean basin countries, in Turkey, in Eastern Europe and a large network in the western part of the United States. In its Corporate & Investment Banking and Investment Solutions activities, BNP Paribas also enjoys top positions in Europe, a strong presence in the Americas and solid and fast-growing businesses in Asia.