La banque d'un monde qui change 2004 - BNP Paribas

Asset management and serThis core business comprises all of the Group’s investor servicesbusinesses and leads the BNP Paribas asset gathering effort.One of the foremost players in Europe, AMS offers fund managementand discretionary asset management services, backed by a range ofhigh value-added investor services. It is organised around 3 businesslines:• Wealth and Asset Management, comprising Private Banking(BNP Paribas Banque Privée), Asset Management (BNP Paribas AssetManagement) and Cortal Consors on-line brokerage and personalinvestment services. In 2004, the Group’s real estate offeringprovided through BNP Paribas Immobilier was also incorporatedinto the Wealth and Asset Management Division;• Insurance (BNP Paribas Assurance);• Securities Services for global financial institutions(BNP Paribas Securities Services).Through these 6 businesses, which count more than 15,000 employeesin some 40 countries, AMS offers a comprehensive range of productsand services to a broad investor clientele, including institutionalclients, corporations and private individuals.Each AMS business was a leader in its market in 2004.Wealth and Asset ManagementPrivate BankingServing a demanding clientele of high net worth individuals,BNP Paribas Banque Privée offers personalised portfolioengineering and diversification advice, tailored to the specificneeds of each client, backed by a range of carefully selectedhigh-performance, innovative products.BNP Paribas Banque Privée is ranked no. 1 in the French privatebanking market, with EUR 45 billion in assets under managementand a network of more than 120 outlets nationwide. It ranks 4thin Western Europe, where it is fast broadening its reach in its domesticmarkets, and 7th in Asia (source: 2005 Euromoney rankings).At end-2004, BNP Paribas Banque Privée’s overall client assetsunder management stood at more than EUR 100 billion.Asset ManagementBNP Paribas Asset Management is specialised in third party assetmanagement services. With a view to combining performance withservice quality, the company has organised its teams into specialisedunits, covering separate asset classes. The business line’s dedicated andreactive teams offer investment solutions that bring together advisoryservices, innovation and risk management, in the areas of fundamentalactive management and alternative and structured management.Operating in over 20 countries across the 5 continents, BNP ParibasAsset Management partners its clients across the globe whilecontinuing to set up and expand in developing markets, such asChina and South Korea. Building on this local presence, it can offerclients customised service and follow-up.With a franchise of over 400 institutional clients, BNP Paribas AssetManagement had more than EUR 196 billion worth of assets undermanagement (1) at year-end 2004. It is a major player in the Europeaninvestment fund market, ranking as Europe’s 9th-leading promoter at31 December 2004, according to Feri. It is rated AM2+ by Fitch Ratings.Cortal ConsorsEurope’s leading personal investment management company and onlinebroker (source: Reuters October 2003), Cortal Consors offers clients itsexpertise and investor advisory experience through several distributionchannels. It boasts a broad range of products including short-terminvestment solutions, mutual funds and life insurance policies, backedby leading-edge online brokerage technologies.Cortal Consors has an operating presence in 6 European countries– Germany, France, Spain, Belgium, Luxembourg and Italy.At 31 December 2004, it had over one million clients andEUR 18.6 billion worth of managed assets, breaking down as 44% inequity assets, 48% in savings products or mutual funds and 8% in cash.Real Estate ServicesBNP Paribas Immobilier is the leading provider of real estate servicesto corporations in mainland Europe. It groups the Bank’s real estatesubsidiaries that operate in the three following key areas:• real estate services, encompassing:- commercial real estate advisory services (including transactions,valuations and investments). BNP Paribas Immobilier holdsa leading position in mainland Europe in this field, throughAtisreal which has operations in 7 countries. It is also no. 1in France and Germany (source: Le Moniteur, November 2003);- Asset Management, through Antin Vendôme – the no. 2property fund manager in France (source: IEIF – Institutde l’Épargne Immobilière et Foncière);- Property Management: 10 million sq.m. of office space managedin Europe, of which 5.5 million sq.m. in France, via Comadim,and 16,500 French residential properties, managed through Gerer;- sale of residential properties: Espaces Immobiliers BNP Paribas(19 sites at end-2004).• property development, through Meunier – the 3rd-leading Frenchproperty developer (source: Classement des promoteurs 2004published by Innovapresse and La Lettre du Patrimoine Immobilier);• real estate investments, via BNP Paribas PFI.InsuranceBNP Paribas Assurance encompasses all of BNP Paribas’ insurancecompanies, including Cardif, which sells the division’s productsin 29 countries through a large number of partners.In 2004, BNP Paribas Assurance set up a new organisational structure,with the aim of speeding up its expansion. Further to this restructuringit is now split into two departments, one of which is dedicated tosavings and the other to international personal risk.(1) Including the subsidiaries of BNP PAM and assets advised on behalf of BNP Paribas.