Globenewswire·2026-03-17 06:00Core Viewpoint - BNP Paribas has announced its 2030 Strategic Plan for its Asset Management platform, aiming to double pre-tax income by 2030 and achieve a 13% Return on Tangible Equity by 2028 [1][6]. Group 1: Strategic Growth and Financial Goals - The Asset Management platform now manages over €1.6 trillion in assets, with a diversified mix across strategies and distribution channels [2]. - The 2030 plan is built on four strategic growth pillars, targeting approximately €150 million in revenue synergies and around €400 million in cost synergies by 2029 [3][6]. - The financial trajectory from 2025 to 2030 includes a target of ~€350 billion in cumulative net inflows and an annual growth rate of over 5% in assets under management [6]. Group 2: Technological Advancements and Client Services - The platform will enhance its technological and client-servicing capabilities through the deployment of AI across the investment and servicing value chain [4]. - The Investment & Protection Services division aims to meet the evolving needs of individuals, corporates, and institutions, leveraging the scale of the Asset Management business [5]. Group 3: Performance Metrics and Projections - The company projects a revenue CAGR of approximately +4% from 2025 to 2030, primarily driven by the increase in assets under management and synergies [6]. - Operating expenses are expected to remain flat between 2025 and 2030, with an improvement in the cost/income ratio to below 60% by 2030 [6]. - Pre-tax income is anticipated to nearly double by 2030, with a CAGR of about +13% compared to 2025 pro-forma [6].