The eurozone’s largest private bank, BNP
Paribas, is to reorganise its wealth management businesses under a
single business line across five distinct geographic markets.
The five zones are now: Asia-Pacific; European
domestic markets and new domestic markets; international Europe
(including the Middle East and Latin America); and Luxembourg.
Go deeper with GlobalData
The elevation of Asia-Pacific to one of five
key zones within the bank is a sign of the region’s increasing
importance to BNP Paribas.
BNP Paribas’ wealth management activities were
formerly split between the bank’s existing European retail branch
network and its international arm
The head of its North Asia business, Mignonne
Cheng, has been elevated to the executive committee of BNP Paribas
wealth management, along with the other region heads.
Cheng will remain based in Hong Kong and local
head of its Hong Kong operations, matching moves by other private
banks to have key leaders based in Asia.
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.
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 GlobalDataThe reorganisation follows BNP Paribas’
unification of its UK private banking services with Fortis Private
Investment Management and Insinger de Beaufort UK to form BNP
Paribas Wealth Management UK in June.
