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Wealth and Asset Management
Wealth and Asset Management includes four business lines:
Private banking - BNP Paribas Banque Privée
BNP Paribas Banque Privée is ranked no. 1 in France, and is among the top 10 of Private Banking in the world.
Serving a demanding clientele of high net worth individuals, BNP Paribas Banque Privée offers personalised portfolio engineering and diversification advice, tailored to the specific needs of each client, backed by a range of carefully selected high-performance, innovative products, and by dedicated experts.
- close to EUR 56 billion in assets under management in France
- more than 200 locations in France
- more than EUR 140 billion in assets under management
- established in more than 30 countries
- 1,600 employees
Focus on major events
- In 2006, BNP Paribas Banque Privée had a strong growth in its clientele of high net worth individuals both in France and abroad.
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BNP Paribas Banque Privée stepped up its policy of actively seeking both organic and external growth opportunities.
Organic growth was extremely vigorous in 2006. Private Banking resources were enhanced in Asia (opening of a branch in China, new development in India and Taiwan, major recruitment of sales teams in Hong Kong and Singapore), in the Middle East, in collaboration with International Retail Banking and Financial Services, as well as “on-shore” in Europe (Spain, the Netherlands, Belgium, etc.).
In terms of external growth, the major event in 2006 was BNP Paribas’ purchase of BNL, which enabled the group to increase its client assets by nearly EUR 9 billion. - In May 2007, BNP Paribas proceeded with the acquisition of Dexia Banque Privée France, renamed Banque Privée Anjou.
Asset management services - BNP Paribas Investment Partners
BNP Paribas Investment Partners is the dedicated asset management offering of BNP Paribas. It provides its clients with a groundbreaking commercial framework that seamlessly blends customised solutions and client service.
- EUR 344 billion in assets under management (end of March 2007)
- 2,100 professionnals
- operating in 28 countries
- customers accounts in 67 countries
BNP Paribas Investment Partners gathers 15 partners covering the full range of asset management products. They are present in the world’s key financial centres.
Focus on major eventsCreativity and innovation being key to the development of the asset management business, the offering was enhanced through the launch of several new products in 2006:
- With a dedicated team and a range of Responsible Funds across all asset classes, BNP Paribas Asset Management holds Novethic’s top rating (AAA). The overall excellence of BNP Paribas Asset Management is also reflected by Fitch’s second-highest rating: AM2+.
- BNP Paribas Investment Partners’ alternative investment offering has recently been enhanced through the addition of CooperNeff Alternative Managers.
- BNP Paribas Asset Management, Federated Investors Inc. and Henderson Global Investors have teamed up to create Cash Funds International, an alliance to distribute their AAA-rated monetary funds.
- Fischer Francis Trees & Watts (FFTW), international bond management specialist, is part of BNP Paribas Investment Partners at 100%. This position is an opportunity to increase the development of its credit management offering.
- Effective 2007, the merger of BNL Gestioni and BNP Paribas Asset Management Italy will result in significant synergies.
- High-growth markets are at the heart of the expansion strategy. New operations in Brunei, Malaysia, Kuwait, and a project in Taiwan, followed the launch of a joint venture in India and a partnership in Turkey with TEB.
- This dynamism has enabled BNP Paribas Investment Partners to win several mandates from major institutional investors and to strengthen its market position among individuals. The Luxembourg-based umbrella fund Parvest continues its commercial and marketing drive through major distributors and private banks.
Financial investment services - BNP Paribas Personal Investors
BNP Paribas Personal Investors is dedicated to providing financial investment advice to a mass-affluent clientele in Europe and several emerging countries through various distribution channels (Internet, telephone and face-to-face).
- 10 countries
- 4,000 employees
Three brokerage companies:
www.cortalconsors.com
www.b-capital.com
In March 2007, BNP Paribas acquired a 27% interest in the India-based company Geojit and became its main shareholder.
Geojit is a brokerage firm and distributor of financial savings products, with approximately 250,000 clients, a network of 400 branches throughout India, and over 2,000 employees. Geojit also operates in the United Arab Emirates through the joint-venture Barjeel Geojit Securities.
www.geojit.com
Focus on major events
- In 2006, Cortal Consors is the 5th most attractive brand among banks in Germany and the 2nd best on-line broker.
- First banking platform for IFAs in France with more than 1,300 IFAs and about €1bn of assets under management.
- In France, Label of Excellence from “Les Dossiers de l’Epargne” for Cortal Consors’ trading accounts.
- Sustainable growth actions: Cortal Consors has done a “Carbon Assessment” to calculate the CO2 emissionsfrom its own activities. To compensate these emissions, Cortal Consors finances environmental projects in Chile and Cambodia with the GoodPlanet association (headed by Yann Arthus-Bertrand).
Real estate services - BNP Paribas Immobilier
BNP Paribas Immobilier is continental Europe’s leading provider1 of real estate services to companies and one of France’s major players in residential property.
BNP Paribas Immobilier and its subsidiaries offer a range of services in four real estates businesses: transactions, advisory services, valuations; Property Management; Property development; Real estate investment Management.
1 Rankings done by BNP Paribas and based on information published by its competitors.
- 3,500 employees
- set up in 8 European countries
- EUR 550 millions of gross turnover in 2006
In commercial property, BNP Paribas Immobilier is active in 8 European countries (France, the United Kingdom, Germany, Spain, Belgium, Luxembourg, Italy and Ireland), and also has an office in New York. Thanks to this broad geography cover, BNP Paribas Immobilier builds real estate strategies on an international scale, that answers the needs of large companies, investors and also Small and Medium-sized businesses.
Four complementary real estate businesses
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Property development
Meunier is the French leader in real estate development in in commercial properties. Strongly established in France, Meunier is also developing in Europe.
As one of the major property developers, Meunier offers products for all kind of housing: from luxury flats to residential housing with services.
www.meunier-promotion.fr/index_uk.htm
BNP Paribas Participations Financières Immobilières (PFI) takes participations in financial package for housing operations, alongside other property developers.
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Transactions, advisory services, valuations
Atisreal is one of the European leaders of real estate services for companies. It markets office spaces as well as industrial or business premises and provides advisory services (space use, technical engineering, market and location research, feasibility studies), and valuations.
www.atisreal.com
In residential property, the Espaces Immobiliers network of BNP Paribas is one of the major selling groups for new housing and old residential units.
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Property Management
With 16 million sq.m. of commercial property in Europe (including more than 8.5 million sq.m. in France) and 35,000 housing units, BNP Paribas Real Estate Property Management offers to professionals and private individuals a large range of property services management.
www.pm.bnpparibas.fr
Gérer et Studélites manage more than 35,000 housing units in Europe, including more than 5,000 units of serviced Residences. With 30,000 housing units managed, 1,800 annual sales and rentings, Gérer is one of the major players in property management and property transaction.
www.gerer.fr www.studelites.com
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Real estate investment Management
BNP Paribas Real Estate Investment Management manages
EUR 8 billion of assets, with BNL Fondi Immobiliari, and is one of France’s leading SCPI (non-trading property investment trust) property fund managers.
www.reim.bnpparibas.com
Focus on major eventsIn 2006, BNP Paribas Immobilier reported another excellent year, thanks to organic growth in each of its four businesses and several international external growth operations:
- In the United Kingdom, BNP Paribas Immobilier climbed to the 8th rank, thanks to the acquisition of Fuller Peiser and of specialised companies: Valuation Consulting, Parish Dean and Neilson Holt.
- BNP Paribas Immobilier enhanced its presence in Ireland through the purchase of the Harrington Bannon company.
- In Spain, the Group rose from the 8th to the 4th rank thanks to the acquisition of Gésinar.
- In Italy, the presence of the Group’s property companies was considerably strengthened thanks to the integration of BNL Fondi Immobiliari.
