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February 13, 2014updated 04 Apr 2017 2:30pm

BNP Paribas’ investment solutions division reports flat AuM for 2013

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.

By Verdict Staff

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.

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