Reports
AuM Rises At BNP Paribas' Wealth, AM, Insurance Arm
The French group reported Q1 financial results today.
BNP Paribas
today said that assets under management at its insurance, wealth
and asset management arm reached €1.051 trillion ($1.26
trillion) at 31 March, a 0.9 per cent rise from a year ago,
and held steady from the end of last year.
Within the wealth management arm, the Paris-listed group held
€362 billion of assets.
The group said its wealth and asset management’s revenues (€795
million) rose by 2.8 per cent compared to the first quarter of
last year.
Across the whole BNP Paribas group, operating income, at €1.923
billion, a fall of 25.6 per cent.
