BNP Paribas Asset Management eyes €350bn net inflows by 2030

Core Viewpoint - BNP Paribas Asset Management has unveiled its 2030 strategic plan, targeting a 13% return on tangible equity by 2028 and aiming for cumulative net inflows of approximately €350 billion by 2030 [1][7]. Group 1: Strategic Goals - The division plans to leverage the group's integrated model, focusing on alternatives, long-term savings, and ETFs while expanding its active management and retail wealth management footprint [2][5]. - Targets include over 5% annual growth in assets under management and around 4% revenue growth per year from 2025 to 2030 [3]. Group 2: Financial Projections - Operating expenses are expected to remain steady, with a goal of achieving a cost/income ratio below 60% by the end of the period [3]. - Pre-tax income is projected to nearly double by 2030 compared to expected levels in 2025, with Return on Notional Equity anticipated to rise from 48% in 2025 to over 65% by 2030 [3]. Group 3: Synergies and Efficiency - The company expects to realize approximately €150 million in revenue synergies and €400 million in cost synergies by 2029 through fund consolidation and platform integration [4]. - BNP Paribas plans to incorporate AI into its investment processes and client service operations [4]. Group 4: Market Positioning - The CEO emphasized the transformation and growth phase driven by supportive trends in savings and investments, aiming to strengthen the company's position as a leading European investment platform [5][6]. - The company aims to connect savers and investors with opportunities in the real economy while delivering sustainable results [6].