Key Takeaways
- • BNP Paribas Wealth Management launched the Private Assets Portal, a digital platform giving clients real-time access to information on their private asset fund investments across private equity, real estate and infrastructure.
- • The platform provides a 360° view of portfolios with breakdowns by geography, strategy and currency, plus detailed performance reporting for each fund and for the consolidated portfolio.
- • The solution is being rolled out in all BNP Paribas Wealth Management markets and will be available to all private banking clients by the end of Q3 2022, with rollout beginning July 2022.
- • The launch is part of the wealth unit's digital expansion under the Group's 2025 GTS (Growth, Technology, Sustainability) strategic plan.
Summary
BNP Paribas Wealth Management has expanded its digital services offering with a new platform dedicated to private assets, the Private Assets Portal, according to the company's announcement dated June 29, 2022. The launch is positioned as a response to rising client expectations for digital experience, which the firm said have grown as clients have adopted digital tools more rapidly. The initiative sits within the Group's 2025 GTS strategic plan, which centres on growth, technology and sustainability, and follows the Client Experience programme launched in 2017, which brought together 400 private bankers, experts, clients and fintechs to co-create digital solutions.
The Private Assets Portal gives clients real-time access to all information on their investments in private asset funds that they subscribed to via electronic signature. The platform offers a 360° view of portfolios, with detailed breakdowns by geography, strategy and currency, and detailed performance reporting for each fund and for the consolidated portfolio. Clients receive automatic notifications when new information on one of their investments is published, and the portal also offers dedicated content on the asset classes, including expert videos and articles.
The solution is being progressively rolled out across all BNP Paribas Wealth Management markets, beginning July 2022, and will be available to all private banking clients by the end of the third quarter of 2022. Vincent Lecomte, CEO of BNP Paribas Wealth Management, said the firm believes a new private banking experience must be personalised, integrated and multi-channel, built by pooling in-house expertise, partner services and client involvement at every design and testing stage. Mariam Rassaï, Head of Digital Transformation, said the firm offers a global experience spanning advisory, responsible investing, private equity and portfolio management. Claire Roborel de Climens, Global Head of Private and Alternative Investment, said the portal gives the firm a leading private asset offering with a state-of-the-art digital solution.
The Private Assets Portal gives clients real-time access to all information on their investments in private asset funds that they subscribed to via electronic signature. The platform offers a 360° view of portfolios, with detailed breakdowns by geography, strategy and currency, and detailed performance reporting for each fund and for the consolidated portfolio. Clients receive automatic notifications when new information on one of their investments is published, and the portal also offers dedicated content on the asset classes, including expert videos and articles.
The solution is being progressively rolled out across all BNP Paribas Wealth Management markets, beginning July 2022, and will be available to all private banking clients by the end of the third quarter of 2022. Vincent Lecomte, CEO of BNP Paribas Wealth Management, said the firm believes a new private banking experience must be personalised, integrated and multi-channel, built by pooling in-house expertise, partner services and client involvement at every design and testing stage. Mariam Rassaï, Head of Digital Transformation, said the firm offers a global experience spanning advisory, responsible investing, private equity and portfolio management. Claire Roborel de Climens, Global Head of Private and Alternative Investment, said the portal gives the firm a leading private asset offering with a state-of-the-art digital solution.
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