BNP Paribas Wealth Management
Well positioned to take advantage of this space is BNP Paribas Wealth Management (WM), recipient of the Asian Private Banker Best Private Bank – Taiwan award for the second consecutive year – its strong domestic presence ensuring that the private bank maintains a deep understanding of the needs of Taiwan’s wealthy.
A fundamental driver of the French bank’s success is its facilitation of both wealth preservation and wealth creation, as the nation’s old guard, dating back some 20 to 30 years, looks to pass the torch to a new generation of entrepreneurs. “We are here to grow businesses or fulfil dreams,” says Henry Pang, Head of Taiwan Market, BNP Paribas WM. “Our geographical presence, our mileage in the Greater China region, and, our corporate and investment banking network allow us to service this region,” says Pang.
Accordingly, Asian Private Banker recognises BNP Paribas WM’s success in building upon its US$600 million of assets under management as of 2011, achieving 54.5% year-on-year growth between the third quarter of 2011 and 2012.
Beyond its corporate and investment banking capabilities, BNP Paribas WM is Taiwan’s widest provider of funds; it has a well-regarded income advisory; and, it is quick to satiate client needs, as evidenced by its premier offering of RMB products.
Taken together, these competencies and offerings add up to one formidable private banking package, clearly justifying BNP Paribas Wealth Management as the winner of the Asian Private Banker Best Private Bank – Taiwan award for 2012.