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BNP Paribas wealth CEO: More M&A is not on the cards right now

Wealth Management

Wealth Management Correspondent

BNP Paribas Wealth Management's boss says buying HSBC's German private bank was 'a very important move', but more deals aren't a priority

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BNP Paribas is taking a hiatus from M&A after scooping up two major businesses for its wealth franchise, according to its chief executive Vincent Lecomte.

The French lender inked two mega-deals last year in its investment and protection services division, which spans wealth and asset management.

The French lender is focusing on organic growth after snapping up HSBC’s German private bank and Axa IM, Vincent Lecomte tells FN

Kristen McGachey

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