What was behind the judges’ decision?

• Defying volatility market conditions, BNP Paribas Wealth Management delivered a robust performance in Hong Kong in terms of key business metrics, including revenue, AUM growth, net operating income and fundraising for alternative investment solutions
• BNP Paribas Wealth Management in 2022 demonstrated a strong and astute sense of innovation in terms of products, such as launching new principal protected and structured note products — as well as semi-liquid private equity — early in the year to help clients defend against downside risks
• Despite industry-wide deleveraging in 2022, the bank showed a creative approach in order to continue supporting clients with credit solutions. This included bespoke, pre-delivery yacht and real estate financing, often taking advantage of the one-bank model
• The bank presented a clear commitment to ESG and sustainable investing in the context of the Hong Kong market, including significant fundraising from the local market for sustainability mandates
• BNP Paribas Wealth Management was able to showcase a number of examples during the period under consideration of how its one-bank model was used to maximise service levels and solutions for clients, including capabilities in M&A and equity capital markets