BNP Paribas Wealth Management named ‘Best Private Bank in France’, ‘Best Private Bank in Europe’ and ‘Best Private Bank for Socially Responsible Investment’
BNP Paribas Wealth Management received recognition in six categories at the 4 November ceremony for the 7th annual Global Private Banking Awards organised by Professional Wealth Management and The Banker magazines. BNP Paribas Wealth Management carried off three titles:
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Best Private Bank in France, for the fourth year running
BNP Paribas Private Banking has this year confirmed its position as market leader in France, with €87.5 billion worth of Assets under Management in France at 30 June 2015.
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Best Private Bank in Europe, for the second year running
This title award recognises the effectiveness of our Private Banking model, based on a combination of close personal service and global expertise designed to help clients manage their wealth and meet their needs in the long term.
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Best Private Bank for SRI, for the second time
BNP Paribas Wealth Management has since 2010 been increasing by 50% per annum the total funds it places in SRI and Impact Investing, which now stand at €6.5 billion. These investments relate to sectors as varied as Energy Efficiency, Water Treatment and Social Entrepreneurship.
“We’re now seeing great interest in SRI products among our European clients, especially in Belgium, the Netherlands and France. BNP Paribas Wealth Management will continue to build out its offering of socially responsible products, focusing on the best products on the market, whether we’re talking about best-in-class funds, theme-based funds or innovative structured products,” underlined BNP Paribas Wealth Management Co-CEO Sofia Merlo.
BNP Paribas WM was also ‘Highly Commended’ by the jury in three further categories:
- Highly Commended in Belgium
- Highly Commended in Hong Kong
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Highly Commended for Innovation
Commenting on this recognition in the field of Innovation, BNP Paribas Wealth Management Co-CEO Vincent Lecomte pointed out: “This commendation is a tribute to our determination to use digital tools to enhance and streamline the client relationship. In this context, we launched in October our ‘First Business Challenge’ for Private Banking, in partnership with the Partech Shaker innovation-stimulation incubator, with a view to encouraging the development of innovative projects.”
New digital applications have also recently been launched in Asia and Europe.
About BNP Paribas Wealth Management
BNP Paribas Wealth Management is a leading global private bank and #1 Private Bank in the Eurozone. Present in some 30 countries and in every major financial centre, over 6,300 professionals provide a private investor clientele with solutions for optimising and managing their assets. The bank has €331 billion worth of assets under management (as at 30 June 2015).