BNP Paribas hopes China wealth management arm to break even by 2026
BNP Paribas Asset Management aims for its wealth management venture in China to break even by the end of 2026, even as it warns that risk-averse investors and nearly identical wealth products are creating headwinds for foreign banks looking to tap the multitrillion-dollar market. Alexandre Werno, CEO of BNP Paribas…
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