BNP Paribas has released its 2030 plan for its asset management division, aiming to support the group’s goal of reaching a 13% return on tangible equity by 2028.
For the period up to 2030, the division is aiming for cumulative net inflows of around €350bn.
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Following its acquisition of AXA Investment Managers, BNP Paribas Asset Management now manages over €1.6tn, covering all asset classes and operating with a varied strategy and distribution approach.
The business intends to use the group’s integrated model, including origination and a broad distribution network, and maintains established positions in alternatives, long-term savings, and ETFs.
The new strategy centres on four areas: broadening its presence in alternatives, expanding active management and ETFs, growing insurance and institutional partnerships, and increasing its retail and wealth management footprint.
Its targets include more than 5% annual growth in assets under management and revenue growth of about 4% per year from 2025 to 2030.
It plans to keep operating expenses steady during this timeframe, aiming for a cost/income ratio below 60% by the end of the period.
Pre-tax income is projected to nearly double by 2030 compared with expected 2025 levels, while Return on Notional Equity is anticipated to rise from 48% in 2025 to over 65% by 2030.
The company expects approximately €150m in revenue synergies and €400m in cost synergies by 2029 through fund consolidation, platform integration, and efficiency improvements.
BNP Paribas also plans to use AI across its investment processes and client service operations.
BNP Paribas Asset Management CEO Sandro Pierri said: “BNP Paribas Asset Management is entering a new phase of transformation and growth driven by structurally supportive trends on savings and investments. With our 2030 Strategic Plan, our ambition is to strengthen our position as one of the most powerful European investment platforms.
“By combining quality and scale across public and private markets and the strength of the BNP Paribas ecosystem, we are uniquely positioned to connect savers and investors with all the opportunities of the real economy. Our mission is clear: deliver sustainable and resilient results for our clients while helping finance the economic transitions shaping the future.”
Last year, BNP Paribas completed the acquisition of HSBC’s private banking business in Germany.
