The Non-Resident-Indians (NRI) residing in the GCC, Europe and UK now have services available of the wealth management arm of French asset manager BNP Paribas Wealth Management.
The BNP Paribas has created an NRI Emea (NRI and Middle East) market covering non-resident Indian clients in Europe and the Middle East.
The firm already has an existing NRI unit operating from Asia.
“BNP Paribas Wealth Management has a long-standing commitment towards supporting the global NRI diaspora. Closer in the region, we prioritise a market approach to serve the global community and better meet their expectations.”
Commenting on the need for a separate wing for NRI Emea, a source in the BNP Paribas Wealth Management said, “NRI diaspora residing in the GCC, Europe and UK share common needs for international investments and a universal approach.”
Masroor Batin, chief executive of BNPP WM Middle East and Africa said over the new arrangement, “BNP Paribas Wealth Management has a long-standing commitment towards supporting the global NRI diaspora. Closer in the region, we prioritise a market approach to serve the global community and better meet their expectations.”
Masroor Batin, Chief Executive of BNPP WM Middle East and Africa
“We strongly believe that this new NRI Emea Market will offer enhanced client satisfaction and further accelerated growth.”
Hubert Musseau, Chief Executive of BNP Paribas Wealth Management Switzerland and emerging markets, said: “The Middle East is a key growth market for BNP Paribas Wealth Management. We are proud of our recent achievements in the region and we are confident that the creation of this new market will further support our clients and our regional ambitions.”
The BNP Paribas Wealth Management has given the responsibility of Emea NRI Market to Vijay Narain.
He joined BNP Paribas Wealth Management (BNPP WM) from Indosuez Wealth Management, where he worked for 17 years. Before that he was with Standard Chartered Bank and Citi, a source from BNPP WM said.