BNP Paribas has been present in the Middle East since the early 1970s. It now has its regional wealth management (WM) headquarters for Middle East & Africa in the Dubai International Financial Centre (DIFC), and serves more than 900 clients through its experienced bankers located across Dubai, Geneva, Luxembourg and Riyadh.
BNP Paribas WM was awarded “Best Private Bank: UAE” at the virtual Middle East & North Africa (MENA) Banking Excellence Awards 2022 for its long-standing presence in the region and success of the platform over the past years, supported by the bank’s global capabilities and enhanced client engagement.
BNP Paribas WM is the largest private bank (PB) in the Eurozone with EUR421 billion of assets under management (AuM), 6,800 professionals and presence in 19 countries. Middle East remains the growth market for BNP Paribas WM, with the AuM risen by 50% since 2018 and ambitious targets set for 2022-2025. BNP Paribas WM benefits from the One Bank integrated approach, which is at the heart of its value proposition.
Its relationship managers (RM) are backed by a team of experts who personalize and adapt BNP Paribas Group’s solutions to meet client’s specific needs and key life events. In the region, WM MEA clients particularly appreciate BNP Paribas’ Real Estate and Credit capabilities.
Its strategy is paying off, as strong client satisfaction is evidenced both through regular client satisfaction surveys and the increase in number of clients who are trusting BNP Paribas with their assets.
BNP Paribas WM has been at the forefront of the integration of the Sustainability and Positive Impact themes in investments and finance, supporting clients in their impact journey. Along with the Clover sustainability rating for each investment solution, BNP Paribas WM has also developed myImpact , a digital tool focused on helping clients discover their impact profile and facilitate the allocation of part of their portfolio towards investments or donations compatible with the UN’s Sustainable Development Goals.
BNP Paribas WM continues structurally evolving their digital and technological platform to ensure proximity to the clients. Bank provides access to a raft of digital solutions, such as myWealth , enabling to clients monitor their wealth at any time, to easily make transactions, and to express their opinions and needs.