BNP Paribas Wealth Management takes a significant step forward in its European growth strategy with this acquisition. Germany stands out as a priority market, offering substantial opportunities for wealth management, particularly among the Mittelstand (German SMEs), entrepreneurs, and family business clients. By combining the strengths of BNP Paribas Wealth Management—recognized as the leading private bank in the Eurozone and backed by a robust, integrated European banking model—with HSBC’s private banking expertise, known for its strong regional presence in North Rhine-Westphalia and deep understanding of the local entrepreneurial landscape, clients benefit from a tailored and comprehensive suite of services designed to meet their unique needs.