Assets under management (AuM) at BNP Paribas’ investment solutions division, which contains its wealth management operation, declined to 885 billion at the end of 2013, a dip of 0.5% compared to year ago.
Wealth Management accounted for 280 billion and asset management accounted for 370 billion, the French banking said in a statement.
Investment Solutions’ revenues totalled 6.34 billion, an increase of 3.8% compared to a year ago. Wealth and asset management’s saw overall growth of 2.4%.
The division reported gross operating income of 1.97 billion, a rise of 7.6% compared to 2012.
There were net asset outflows of 15.8 billion during 2013, particularly in money market funds, but flows were positive in wealth management.