BNP Paribas Private Bank was rated amongst Asia’s top private banks in a recently-completed survey by Asiamoney, casting a strong vote of confidence in the Bank’s push into the fastest-growing and one of the world’s most dynamic markets.
The Bank was ranked particularly well in the Greater China segment, coming in No.2 for clients with asset under management (AUM) of the US$10 million to US$20 million category and No.1 for clients with AUM of the US$1 million to US$5 million category.
The poll, Asiamoney’s second yearly study of the private banking market in Asia conducted by the Hong Kong-based financial magazine, was voted by the region’s high net worth individuals, each with net worth of at least US$1 million.
“BNP Paribas Private Bank was also singled out as having the highest quality and diversity of products amongst private banks in Greater China in the US$1 million to US$5 million category,” according to Asiamoney. “It was also rated very highly in client relationship management and confidentiality.”
BNP Paribas Private Bank is amongst the few banks to offer local private-banking services in each of the three Greater China markets with its Hong Kong, Taipei and Shanghai onshore private-banking units.
In Southern Asia (principally in India), BNP Paribas Private Bank was also rated highly. According to Asiamoney, BNP Paribas Private Bank was voted No.1 and No. 2 in the segments of US$5 million to US$10 million category, and US$10 million to U$20 million category, respectively.
Overall, BNP Paribas Private Bank’s presence in the regional private banking rankings reflects its position as a leader in Hong Kong and Singapore, and on the other hand, its active development in new markets.
Corporate Communications Manager,
BNP Paribas, North & East Asia
Tel: +852 2909 8847