BNP Paribas Wealth Management carried off two prestigious awards at the 2012 Global Private Banking Awards organised by The Banker magazine in conjunction with Professional Wealth Management magazine. At a ceremony in Singapore on 8 November, BNP Paribas Wealth Management was honoured as:- N°1 Private Bank in France- N°1 Private Bank worldwide for Philanthropy services
The Banker and Professional Wealth Management magazines, part of the Financial Times group, have handed out for the fourth year these Global Private Banking Awards. The Awards Jury was composed of eight sector experts from the United States, Europe and Asia, a geographical coverage which closely reflects BNP Paribas Wealth Management's own international scope.
The rankings were determined by measuring the success of the growth strategies of the top Private Banking and Wealth Management providers during 2011, also taking into account how successfully they had adapted their offerings and the quality of their client relations at a time of rapid change in client needs and expectations.
BNP Paribas Wealth Management co-CEOs Vincent Lecomte and Sofia Merlo expressed their great satisfaction on receiving these awards. Vincent Lecomte declared: “We're truly proud to receive this recognition, especially as regards the Philanthropy support services, which we began to offer clients a few years ago. Our expertise enables us to provide effective, tailored solutions at a time when more and more of our clients are becoming keen to undertake personal philanthropy initiatives.” Sofia Merlo added: “Receiving these honours underlines our position as leader in France and vindicates our unique business model. Our approach is one of total integration into the BNP Paribas Group, which enables us to combine local presence and outstanding expertise in order to meet our clients' needs for asset and wealth management.“
These awards add to BNP Paribas Wealth Management's prestigious industry recognitions:
Private Banker International 2012
- Best Private Bank in Europe
- 2nd equal Best Global Private Bank
- Best Foreign Private Bank in Hong Kong
Euromoney Ranking 2012
- 7th “Best Global Private Bank”
- 3rd “Best Private Bank in Western Europe”
- 1st in France, Luxembourg, Ukraine
- 4th in Middle-East
Asiamoney Ranking 2012
- 4th “Best Private Bank in Asia” (segment HNWI >$25M). About BNP Paribas Wealth Management
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 €257 billion worth of assets under management (as at end June 2012).