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AuM Rises At BNP Paribas' Wealth, AM, Insurance Arm

Editorial Staff

4 May 2018

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.