French private bank BNP Paribas Wealth Management has opened its first office in New York to better serve HNW individuals and ex-patriates.

The office is located in New York in the Midtown district of Manhattan at 787 7th avenue.

The newly launched office will cater to families, business owners, HNW individuals in New York and the surrounding area.

Pierre Ramadier, Head of BNP’s West Wealth Management Group, said: “Our unified, global approach to wealth management, which is backed by the extensive capabilities of BNP Paribas, positions us well to be able to meet the needs of expatriate clients.

“We believe there is significant potential to grow our presence in New York, one of the largest wealth markets in the world.”

The Midtown office has all of the Bank of the West’s services. These include: traditional wealth brokerage and advisory services, portfolio management, philanthropic services and financial and estate planning.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

BNP Paribas Wealth Management’s co-CEO Sofia Merlo, said: “The opening of this first centre in New York underscores our commitment to supporting entrepreneurship, innovation and international networking.

“We will be able to support our clients in their development both in the Silicon Valley and in New York.

Merlo added: “It will also facilitate the access to our strong European home base all the way to our growing presence in Asia.”

The wealth manager has an AuM worth €364bn as of 31 December 2017.