Awards for Distinction 2023 – Best Private Bank – FX Advisory

Best Private Bank FX Advisory


BNP Paribas Wealth Management

Best Private Bank – FX Advisory

Shafali Sachdev

Head of investment advisory, Asia
BNP Paribas Wealth Management

We’re very honoured to be named the Best Private Bank – FX Advisory by Asian Private Banker for the fourth time in the last five years.

2023 was a year of dramatic changes in foreign exchange markets as central banks worldwide sought to curb inflation. This created volatility and risk but also opened up the possibility of outsized returns for those with access to the right advice. As tactical views overshadowed long-term fundamentals, the ability to rebalance portfolios proved to be the key to performance.

We are proud to have been able to guide our clients through this volatile but extremely rewarding environment and to help them respond quickly and decisively to a rapidly changing market. We are also grateful for the enthusiastic support that our solutions-driven, high-touch approach received from our clients.

What was behind the judges’ decision?

  • In 2023, it encouraged more dual currency trades through friendly competition and rewards both relationship managers and management assistants
  • Digitalisation also kept its pace. Its Symphony platform facilitates efficient communication among product specialists, bankers and marketers. The FX team uses Symphony extensively, which is especially crucial when it comes to keeping everyone up-to-date on the latest market developments and sharing timely trade ideas
  • The firm used active marketing of structured notes with guaranteed returns, including but not limited to the Twin Win structure which allows clients to use this volatility to benefit from both upward and downward movement, while also maintaining a guaranteed minimum coupon

What we said

“BNP Paribas Wealth Management saw overall exceptional growth in FX transactions in 2023, embracing market uncertainties with proactively and continuously rebalanced portfolios. The FX team leveraged on volatility to re-position and benefit from both upside and downside movements and deployed innovative structures to achieve quicker knock-out and replacement strategies,” said Twinkle Sparta, associate editor, Asian Private Banker.

“The team also focused on risk management and overall portfolio wellbeing, while still looking to capitalise on market opportunities by using systematic customised post-trade position management, active restructuring before the market moves too much and using digital tools to empower FX advisory solutions.

“With an overall high trading hit ratio, the team understands clients’ FX risks and actively monitors their portfolio on a realtime basis. Apart from tracking evolving opportunities and risks in fast-moving markets and alerting clients to capitalise on them, the team is available around the clock. The judging panel at APB extends a huge congratulations to BNP Paribas Wealth Management for its success in winning the Best Private Bank – FX Advisory award.”

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