BNP Paribas has unveiled a long-term strategy to significantly expand its asset management business, targeting approximately €350 billion in cumulative net inflows by 2030 as part of a broader plan to scale its platform and nearly double pre-tax income.
The European banking group’s asset management division now oversees more than €1.6 trillion in assets, following the integration of AXA Investment Managers. The combined platform positions BNP Paribas as a major player across public and private markets, with a diversified offering spanning alternatives, long-term savings, and exchange-traded funds.
The strategy is built around four key pillars: strengthening leadership in alternative assets, scaling active management while accelerating ETF development, expanding insurance and institutional partnerships, and growing its retail and wealth management presence.
BNP Paribas expects assets under management to grow by more than 5% annually through 2030, with revenue rising around 4% per year. Operating expenses are projected to remain flat over the period, improving efficiency and driving profitability. The bank also anticipates generating roughly €150 million in revenue synergies and about €400 million in cost synergies by 2029 through platform integration and operational efficiencies.
The expansion will be supported by increased use of artificial intelligence across investment processes and client servicing, aimed at enhancing scalability and performance. The broader ambition is to position the asset management platform as a central contributor to the group’s financial targets, including a 13% return on tangible equity by 2028 and significantly higher returns by the end of the decade.
The initiative builds on BNP Paribas’ integrated model, leveraging its origination capabilities and distribution network to connect investors with opportunities across the real economy, including private markets such as private credit, infrastructure, and real estate.
As part of this transformation, the firm is aiming to strengthen its role in financing long-term economic transitions while expanding its footprint across Europe and beyond.
KEY QUOTES:
“BNP Paribas Asset Management is entering a new phase of transformation and growth driven by structurally supportive trends on savings and investments. With our 2030 Strategic Plan, our ambition is to strengthen our position as one of the most powerful European investment platforms. By combining quality and scale across public and private markets and the strength of the BNP Paribas ecosystem, we are uniquely positioned to connect savers and investors with all the opportunities of the real economy. Our mission is clear: deliver sustainable and resilient results for our clients while helping finance the economic transitions shaping the future.”
Sandro Pierri, Chief Executive Officer of BNP Paribas Asset Management
“The Investment & Protection Services division is a unique continuum of services ideally positioned to meet the growing and evolving needs of individuals, corporates and institutions across Europe and beyond. In this context, the new scale of our Asset Management business will create a strong momentum at the heart of IPS and across the entire BNP Paribas Group. Its scale, diversified expertise and integration within our One-Bank model will play a pivotal role to channel long term capital toward the real economy while supporting clients in navigating economic, societal and technological transitions. As we prepare for our new strategic plan, we are ideally positioned to unlock new avenues for growth.”
Renaud Dumora, Deputy Chief Operating Officer, Head of Investment and Protection Services, BNP Paribas
