Present in three hubs in Europe, Asia and the US, over 6,800 professionals provide a private investor clientele with solutions for optimising and managing their assets. Please visit us at About BNP Paribas Wealth ManagementīNP Paribas Wealth Management is a leading global private bank and the largest private bank in the Eurozone. We are a relationship-driven, knowledgeable and digitally savvy bank, active in Northwest Europe and with expertise in selected sectors globally. Headquartered in Amsterdam, ABN AMRO is located in 20 countries and employs around 20,000 people worldwide. About ABN AMROĪBN AMRO is a Dutch bank for retail, corporate and private banking clients. In 2017, the international magazine Euromoney named BGL BNP Paribas “Best Bank in Luxembourg” for the second year in a row. It offers an especially wide range of financial products and bancassurance solutions to individuals, professionals, wealth management clients and businesses. We assure the clients of ABN AMRO Bank (Luxembourg) and ABN AMRO Life that we are fully committed to ensuring a seamless transition and an irreproachable quality of service.”īGL BNP Paribas is one of the largest banks in Luxembourg and part of the BNP Paribas Group. We want to play an active and responsible role in the consolidation process that is currently taking place in this sector. We concluded that the transfer of our wealth management and insurance activities in Luxembourg to BGL BNP Paribas would be in the best interest of our clients.”Ĭarlo Thill, Country Head of BNP Paribas in Luxembourg, chairman of the Management Board of BGL BNP Paribas and chairman of the Board of Directors of Cardif Lux Vie, added: “This acquisition will reinforce the key positions that the BNP Paribas group in Luxembourg holds in the wealth management and in the insurance market. In Luxembourg we do not see possibilities to increase to the scale necessary. The wealth management market is fast changing and consolidating further as scale becomes more important in order to invest in staff and systems needed to provide optimal services to our clients. Pieter van Mierlo, CEO Private Banking of ABN AMRO Bank, said: “We are a leading player in Private Banking in North-West Europe and are currently investing in, and further integrating, our activities across our core markets, to realise benefits of scale. The proposed transaction, which is still subject to regulatory approval, should be finalized by the third quarter of 2018. to Cardif Lux Vie immediately following the acquisition.
BGL BNP Paribas will transfer the activities of ABN AMRO Life S.A.
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