BNP Paribas acquires HSBC's Private Banking activities in Germany
BNP Paribas acquires HSBC's Private Banking activities in Germany

BNP Paribas acquires HSBC's Private Banking activities in Germany

With the ambition to position BNP Paribas Wealth Management among the top leading players in Germany.
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RE+D magazine
23.09.2024

BNP Paribas announced that it has signed an agreement with HSBC for the acquisition of their Private Banking activities in Germany, with the ambition to position BNP Paribas Wealth Management among the top leading players in Germany and bringing its AuM1 to more than €40bn.

A key geography for BNP Paribas, Germany offers strong growth potential for wealth management activities, most notably within the Mittelstand (German SMEs) and with the German Entrepreneurs and Families client segment. 

Leveraging on BNP Paribas’ diversified and integrated business model, BNP Paribas Wealth Management aims to provide these entrepreneurial clients with a comprehensive service offering, ranging from investment and corporate banking to asset management, all pooled from BNP Paribas’ well-established different franchises.