BNP Paribas Wealth Management reinforces its Asian regional ambition after completing the integration with Fortis Private Banking - BNP Paribas Singapore
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June 25, 2010 -

BNP Paribas Wealth Management reinforces its Asian regional ambition after completing the integration with Fortis Private Banking

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BNP Paribas Wealth Management announces today that it has successfully completed the integration of Fortis Private Banking in Asia. This further strengthens BNP Paribas Wealth Management’s strategic expansion in Asia, a growth that now stands in good stead with more than 750 professionals in Asia.

“We are delighted to welcome our new clients and new talents to our wealth management business in Asia, a region where we have strong ambition to grow”, said Serge Forti, CEO of BNP Paribas Wealth Management in Asia Pacific. “We have experienced high performances over the past years thanks to our bank’s solidity, a stringent risk management and a high quality of service and this integration marks an important milestone in this development”.

BNP Paribas Wealth Management has one of the most comprehensive range of products and services across Asia Pacific. It intends to increase its deployment of alternative investments solutions to offer clients new innovative opportunities to diversify their portfolios and risk allocation.

About BNP Paribas Wealth Management Asia
BNP Paribas Wealth Management (www.wealthmanagement.bnpparibas.com) ranked 7th largest private bank globally. In Asia, BNP Paribas Wealth Management employs more than 750 staff across its offices in Hong Kong, Taiwan, China, India and its regional hub in Singapore, providing its High Net-worth (HNW) and Ultra-High Net-worth (UHNW) clientele with a comprehensive offer of wealth management and investment services*. In addition to these HNW and UHNW individuals, BNP Paribas Wealth Management Asia also offers services and expertise to Business Owners, Family Offices and Independent Financial Advisers. BNP Paribas Wealth Management Singapore hosts the international centre for IT development for all Wealth Management offices.

*In Taiwan and China, Wealth Management operates under BNP Paribas Taipei Branch and BNP Paribas (China) Limited respectively.

About BNP Paribas
BNP Paribas (www.bnpparibas.com) is one of the six strongest banks in the world* and the largest bank in the eurozone by deposits. With a presence in more than 80 countries and more than 200,000 employees, including 160,000 in Europe, BNP Paribas is a leading European provider of financial services on a worldwide scale. It ranks highly in its three core activities: Retail Banking, Investment Solutions and Corporate & Investment Banking. In Retail Banking, the Group has four domestic markets: Belgium, France, Italy and Luxembourg. BNP Paribas is rolling out its integrated model across the Europe-Mediterranean zone and boasts a large network in the United States. BNP Paribas Personal Finance is the leader in consumer lending in Europe. In its Corporate & Investment Banking and Investment Solutions activities, BNP Paribas also enjoys top positions in Europe and solid and fast-growing businesses in Asia.

* Rated AA by Standard & Poor’s, i.e. 3rd rating on a scale of 22.

Press Contacts:
Singapore
Yunis Lee: +65 6210 1038 / yunis.lee@asia.bnpparibas.com
Clara Goh: +65 6210 1290 / clara.goh@asia.bnpparibas.com

Hong Kong
Lilian Kung: +852 2909 8849 / lilian.kung@asia.bnpparibas.com
Brenda Woo: +852 2909 8813 / brenda.woo@asia.bnpparibas.com