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New Dutch Focus For BNP Paribas

Editorial Staff 11 March 2021

New Dutch Focus For BNP Paribas

BNP Paribas Wealth Management has launched a Dutch division focused on entrepreneurs and families segments, tapping two veterans in the region.

Bernt Kok has been appointed CEO of BNP Paribas Wealth Management in the Netherlands and Arjan van Rijn as head of key clients to strengthen the group’s services and networks among Dutch entrepreneurs and ultra-wealthy families.

Both are industry veterans. Kok was most recently director of private wealth management for the UHNW division of ABN AMRO in the Netherlands. Van Rijn spent 25 years in international corporate and investment banking before joining wealth management at Credit Suisse, where he focused on serving entrepreneurs in the Netherlands.

The Amsterdam-based unit will open up private equity, asset management and financing mandates in particular, and tap the group's existing corporate, investment banking and real estate expertise.

“BNP Paribas already has a leading position in wealth management in Europe and we want to actively build on this,” Geert Lippens, CEO and country head for the Netherlands, said.

The Dutch hub has made recent gains at London’s expense, although critics say jobs and services outflows have been overblown. In January, Amsterdam overtook London as Europe’s largest share trading centre based on average daily volume.

Head of wealth management Vincent Lecomte said the new team "enables us to be even closer to clients and especially among entrepreneurs and families.”

The private bank manages around €390 billion for clients.

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