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.

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