BNP PARIBAS ACCELERATES ASSET MANAGEMENT GROWTH WITH PRE-TAX INCOME SET TO DOUBLE BY 2030

Core 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 €350 billion in cumulative net inflows by 2030 [6]. - The financial trajectory from 2025 to 2030 includes a revenue CAGR of approximately +4%, driven primarily by an increase in assets under management (AuM) and synergies [6]. Group 2: Operational Efficiency and Synergies - The plan anticipates generating around €150 million in revenue synergies and approximately €400 million in cost synergies by 2029 through platform convergence and operational efficiencies [3]. - Operating expenses are projected to remain flat between 2025 and 2030, with the cost/income ratio improving to below 60% by 2030 [6]. Group 3: Technological Advancements - The deployment of AI across the investment and servicing value chain is expected to enhance technological and client-servicing capabilities, improving scalability and performance [4]. Group 4: Leadership and Market Position - BNP Paribas Asset Management aims to strengthen its leadership in Alternatives, scale Active Management, accelerate ETF development, and expand partnerships in Insurance and Institutional sectors [6]. - The company is positioned to connect savers and investors with opportunities in the real economy, focusing on delivering sustainable results while financing economic transitions [5][7].