2020 Universal registration document and annual financial report - BNP PARIBAS 13

1Presentation of the BnP PariBas GrouP

1

Presentation of operating divisions and business lines

BNP PARIBAS WEALTH MANAGEMENT BNP Paribas Wealth Management is developing its Private Banking model across 18 countries around the world, supporting a client base of entrepreneurs, family offices and high net worth clients.

With EUR 390 billion in assets under management in 2020, nearly 6,700 employees and thanks to its presence in Europe, Asia, the United States and the Middle East, BNP Paribas Wealth Management is a leading global private bank and the leading private bank in the eurozone.

Relying on the BNP Paribas integrated model, BNP Paribas Wealth Management benefits from the Group s full range of resources and is structured to support its customers in different markets. In Europe and the United States in particular, the development of the Private Banking business is backed by BNP Paribas Retail Banking networks. In Asia, the private bank is supported by the Bank s historic presence in the market and by Corporate & Institutional Banking s businesses to meet the most sophisticated needs.

Well recognized globally in its industry for its experience and know-how, BNP Paribas Wealth Management offers its clients a wide range of products and services: wealth management, financial expertise (financial management, financial investments), tailor-made financing and specialised expertise (e.g. real estate, vineyards, philanthropy, art) as well as privileged access to all the BNP Paribas Group s expertise. BNP Paribas Wealth Management is thus able to meet the expectations of each client, both for their current needs and for their most sophisticated projects.

For many years, sustainable investment and responsible innovation have been at the heart of BNP Paribas Wealth Management s culture. Launched in 2006 to respond to the emerging incentives of investors keen to combine financial performance with a social and environmental dimension, the Responsible Investment offering is based on in-depth expertise and convictions shared with clients. BNP Paribas Wealth Management continued to deploy responsible investment, in particular by extending its offer of sustainable products and services to all its assets classes. In 2020, all these responsible assets accounted for 1/3 of the assets invested in the business. Thanks to the digital educational path myImpact, clients today have the opportunity to define their priorities in terms of sustainability and philanthropy. The year 2020 was marked by the launch of the new sustainability rating, Trèfle methodology , which enables clients to identify and select sustainable investments that meet their search for positive impact.

With a constant focus on innovation, BNP Paribas Wealth Management s range of digital solutions continues to expand to offer a personalised client experience. Accelerated by the health crisis, digital uses have enabled BNP Paribas Wealth Management teams to remain as close as

possible to customers during this unprecedented period by ensuring the best quality of service. Discussions took the form of virtual conferences, podcasts or articles on the web and on social networks.

BNP Paribas Wealth Management was recognised in 2020 as:

■ Best private bank in Europe(1) for the ninth consecutive year, ranked as No. 1 in France for the eighth time in nine years(2), No. 1 in Belgium(3), No. 1 in Italy for the sixth consecutive year(3) as well as No. 1 in Poland(2), in Monaco(4), and in Turkey(5);

■ Best private bank in Hong Kong(6);

■ Best private bank in the Middle East(7) and in the United Arab Emirates;

■ Best private bank for ultra high net worth clients globally(8);

■ Best private bank in philanthropic consulting(1);

■ Best bank for robo advisory globally(2);

■ Best digital innovation for clients globally(8);

■ Best global growth strategy(8).

BNP PARIBAS ASSET MANAGEMENT BNP Paribas Asset Management is the BNP Paribas Group s dedicated asset management business and has nearly 2,300 people in 37 countries with a large presence in Europe and the Asia-Pacific region. Through the BNP Paribas integrated model, it has access to a broad international client base and has close relationships with BNP Paribas distribution networks. Ranked the 10th largest asset manager in Europe(9), the company managed assets totalling EUR 483 billion as at 31 December 2020 and has 500 investment professionals.

BNP Paribas Asset Management offers investment solutions for both individual investors (through internal distributors BNP Paribas Private Banking and Retail Banking and external distributors), corporate and institutional investors (insurance companies, pension funds, official institutions and consultants). It offers them a range of management expertise in line with their long-term sustainable performance expectations, including: active, conviction-based strategies, emerging markets, multi-asset investments, private debt and liquidity solutions.

BNP Paribas Asset Management s priority is to achieve long-term sustainable investment returns for its clients by placing sustainability at the heart of its strategy and investment decision-making. As such, and as part of its Global Sustainability Strategy, BNP Paribas Asset Management has upgraded its flagship range of active funds to a 100% sustainable offering, involving a rigorous process of integrating ESG criteria into all its funds.

(1) Private Banker International.

(2) PWM/The Banker.

(3) World Finance.

(4) Wealthbriefing.

(5) Euromoney Private Banking and Wealth Management Survey.

(6) The Asset Triple A.

(7) MEA Finance Awards.

(8) The Digital Banker.

(9) Source: IPE Top 500 2020.