BNP Paribas is to expand its wealth management businesses in Asia.

The wealth unit held €30bn in assets under management (AuM) at end-2012 in the region and was ranked eight in terms of bank’s AuM in Asia, according to PBI Asia- Pacific Top 20 survey.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Part of the group’s overall expansion in the region, the wealth unit is hoping to increase its client-base, especially targeting entrepreneurs and ultra high net worth (UHNW) growing segments, the bank confirmed.

In co-operation with the bank’s corporate and investment banking (CIB) business, the wealth unit is expected to strengthen its local staff numbers.

The bank said the wealth management unit, through its Asian expansion, is aiming to be one of the top three players in the region.

Details of the expansion for 2014-2016 are expected to emerge during BNP Paribas’ full year results announcement next year.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.