BNP Paribas expects to attract 350 billion euros of net inflows into its wealth management division by 2030 following the acquisition of the investment division of Axa. According to what the French bank declared today in a press release which illustrates the financial goals for the asset management division, capital inflows should help increase the managed assets by more than 5% annually. Revenue from this division is expected to grow by approximately 4% annually between 2025 and 2030, while operating expenses remain unchanged.
BNP Paribas wants to achieve its objectives by strengthening itsoffering alternative investments, for example by expanding the active management and And F (Exchange Traded Fund) and strengthening partnerships in the insurance and asset management sectors. The credit institution currently manages approximately 300 billion euros in alternative assets, of which 46% is represented by the sector real estate and 32% from alternative credit. BNP Paribas expects to add a further €85 billion in inflows to the total by 2023.
The lender also aims to attract more than €185 billion in inflows into its actively managed funds and exchange-traded products, which together accounted for €1,15 billion in assets under management at the end of last year.
The acquisition of Axa Investment Managers for 5 billion euros, agreed in 2024, It was the largest operation of its kind for the CEO of BNP Paribas, Jean-Laurent Bonnafe , creating one of Europe's largest wealth management firms, with approximately €1.600 trillion in assets under management. The bank announced this year the elimination of approximately 1.200 positions in its wealth management division, according to Bloomberg, as part of the completion of the integration of AXA IM.
The stock is up 0,8% this morning at 85,81 euros.
