BNP Paribas aims to nearly double its asset management pre-tax income by 2030. The strategy follows the acquisition and integration of AXA Investment Managers. This merger created a European leader managing over €1.6 trillion in assets.
The bank targets cumulative net inflows of approximately €350 billion by 2030. Assets under management are projected to grow by more than 5% annually.
Revenue is expected to grow by roughly 4% per year between 2025 and 2030. Operating expenses are forecasted to remain stable during this period.
The plan relies on achieving €150 million in revenue synergies by 2029. BNP Paribas also targets €400 million in cost synergies by the same year.