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Super League In-Depth Analysis: BNP Paribas Wealth Management

Super League In-Depth Analysis: BNP Paribas Wealth Management

  • January 2016
  • 37 pages
  • ID: 3571249
In this report:
In 2014 BNP Paribas’s profits were negatively influenced by a settlement with US authorities that resulted in an exceptional charge of $##bn in 2014 and a profit development of -##%.
In its domestic markets, BNP Paribas’s private banking operations target new clients by upstreaming wealthy customers from the group’s retail banks.

Summary

Table of Contents

Brief

BNP Paribas is the world's seventh-largest wealth manager. In 2014 BNP Paribas's profits were negatively influenced by a settlement with US authorities that resulted in an exceptional charge of $7bn in 2014 and a profit development of -61.0 percent. BNP Paribas is continuing to implement its 2014-2016 Business Development Plan, which has impacted its wealth operations in terms of both cost-cutting measures and synergy efforts including upstreaming clients. As part of BNP Paribas's strategy of targeting UHNW clients, its US subsidiary Bank of the West launched a additional ultra-high net worth unit, Family Wealth Advisors, in October 2015. BNP Paribas strengthened its brokerage capabilities in India (IN) by acquiring retail brokerage Sharekhan in July 2015.

Main highlights

- BNP Paribas is predominantly a retail bank, with BNP Paribas Wealth & Asset Management contributing 7.20 percent of global group revenues.

- BNP Paribas Wealth Management is looking to the bigger wealth tiers, particularly the increasing UHNW wealth in Asia area, Europe (EU), and the Middle East (ME). Bank of the West has launched a additional UHNW unit in the U.S., which means better positioning to target the increasing UHNW wealth.

- The firm targets entrepreneur clients and corporates with a service proposition integrating its expertise in corporate and investment banking. In its domestic markets, BNP Paribas's private banking operations target additional clients by upstreaming wealthy customers from the group's retail banks.

- BNP Paribas Wealth Management has implemented a cost-cutting plan but still has a cost-revenue ratio bigger than its competitors. For wealth management, the plan included the introduction of a multi-channel strategy with common customer relationship management and digital solutions across worldwide entities and domestic digital synergies.

Abstract

Verdict Financial's Super League In-Depth Analysis: BNP Paribas Wealth Management competitor profile is a exhaustive analysis of BNP Paribas's wealth management and private banking operations. It affords insight into the company's strategy, financial results, and marketing activities. It also covers the wealth manager's new merger and acquisition activity, customer targeting, and product innovation. Insight into BNP Paribas Wealth Management's growth strategy.

- Overview of the firm's organizational structure.

- Clear presentation of its geographical coverage and expansion strategy, including M&A activity.

- Analysis of the firm's financial performance at group and divisional level, including comparison to other overall wealth managers.

- Examination of the top target client groups.

- Analysis of BNP Paribas Wealth Management's service and product proposition and how it is singular compared to its competitors.

- Review of BNP Paribas's marketing and social media activities at group and divisional level.

Great reasons to purchase

- Examine the financial performance and main ratios for BNP Paribas Wealth Management and benchmark this competitor against other overall wealth managers.

- Explore BNP Paribas Wealth Management's new M&A and growth strategies and their impacts on its AUM growth and financial performance.

- Understand BNP Paribas Wealth Management's client targeting strategies and examine whether these have been successful.

- Learn more about BNP Paribas Wealth Management's marketing strategy and social media presence.

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