BNP Paribas named ‘Best Private Bank in Europe’
BNP Paribas Wealth Management received recognition in six categories at the 7th annual Global Private Banking Awards.
BNP Paribas were named ‘Best Private Bank in France’, ‘Best Private Bank in Europe’, and ‘Best Private Bank for Socially Responsible Investment’.
This is the fourth year running BNP Paribas have picked up the ‘Best Private Bank in France’ award. As of 30th June 2015, they held €87.5 billion worth of Assets under Management in France. It is also the second year running they received the ‘Best Private Bank in Europe’ award.
Since 2010, BNP Paribas Wealth Managemen has been increasing the total funds it places in Socially Responsible Investment (SRI) by 50% per year. The sum total of these funds now stands at €6.5 billion and relate to sectors in 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,” said BNP Paribas Wealth Management Co-CEO Sofia Merlo.
The award ceremony, organised by Professional Wealth Management and The Banker magazines, was held in Singapore.
BNP Paribas Wealth Management were also ‘Highly Commended’ in the Belgium, Hong Kong, and Innovation categories.
Commenting on this recognition in the field of Innovation, BNP Paribas Wealth Management Co-CEO Vincent Lecomte said: “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.”
Société Générale Private Banking were awarded ‘Best Private Bank in Monaco’ and Credit Suisse won ‘Best Private Bank in The Middle East’.