La Banque Postale merges wealth management entities

French group La Banque Postale has announced the merger of its two wealth management entities : La Banque Postale Gestion Privée (LBPGP), which is managing mandates, and BPE as from 30 November 2015.

The new entity has been integrated to BPE with the aim of strengthening La Banque Postale’s services for wealth management clients.

The merger will permit the development of new expertises such as discretionary management. The offer in insurance life and asset management products to wealth management clients will also be reinforced through this operation.

BPE’s board is composed of Jean-Marc Ribes (chairman),  Olivier Solère and Vincent Penin. The supervisory board is led by Marc Batave.

Adrien Paredes-Vanheule
Adrien Paredes-Vanheule is deputy editor and French-Speaking Europe Correspondent for InvestmentEurope, covering France, Belgium, Geneva and Monaco. Prior to joining InvestmentEurope, he spent almost five years writing for various publications in Monaco, primarily as a criminal and financial court reporter. Before that, he worked for newspapers and radio stations in France, in particular in Lyon.

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