Awards: BNP Paribas Wealth Management Asia honoured with five wins by WealthBriefingAsia
Not only do these awards reinforce the recognition BNP Paribas Wealth Management enjoys for being among the best private banks for its clients in Asia, it is also a prelude to a fruitful 2019 awards season.
Wealth Management Asia continued its impressive award-winning form by claiming victory in the following categories at the WealthBriefingAsia (WBA) Greater China Awards for Private Banking Excellence 2019. The gala dinner was held at the Hong Kong Bankers Club on February 27.
- Hong Kong International Private Bank
- Credit Provider
- Philanthropy Services
- SRI Offering
- Impact Investing
Voted as the Best Hong Kong International Private Bank, WBA acknowledged BNP Paribas Wealth Management as an entity that has developed itself into the ‘bank of choice’ for Asian entrepreneurs because of its purpose-built, mid-market focused investment banking activities in Asia.
It has also demonstrated itself to be an investment advisory powerhouse, excelling across key asset classes. The strength of its relationships and existing offering means it has captured the business of more than 70% of Hong Kong’s top-tier billionaires.
On the bank’s inaugural win as Best Credit Provider in Greater China, WBA commended that BNP Paribas Wealth Management offers a truly sophisticated offering which enables it to make decisions and act quickly. On the other hand, equity-trading desks tend to lend by looking at collateral technicals, and wealth managers grant credit lines by assessing borrower quality.
"BNP Paribas Wealth Management as an entity that has developed itself into the ‘bank of choice’ for Asian entrepreneurs because of its purpose-built, mid-market focused investment banking activities in Asia".
However, because the winner has the ability to combine robust franchises in all three areas, it has no difficulty offering large low-cost loans to suitable clients, even if secured with illiquid stock.
In philanthropy services, which BNP Paribas Wealth Management won three times since 2016, WBA said the bank’s philanthropy service team offers a proven model, free of commercial motives that offers expert, bespoke and strategic guidance. Most importantly, it offers a service that is demonstrably beneficial and impact-focused for its end users.
For the bank’s achievements in the SRI and impact investing space, BNP Paribas Wealth Management was praised for its efforts in maintaining and enhancing its skills by holding regular training events on sustainability that include integrating impact investing panels into its annual next-gen and single family office forums.
The publication also lauded BNP Paribas Wealth Management for its expertise and ability to address clients’ concerns on measuring and monitor the social and environment impact of their investments as well as financial returns. All its impact products and services align with the United Nations Sustainable Development Goals and produce a competitive financial return.
WBA Greater China Awards for Private Banking Excellence 2019 covered a total of 25 award categories across markets, products & services and individual excellence.
Heartiest congratulations to the winning teams on these successes!