BNP Paribas Targets €350 Billion Inflows After Axa IM Deal

BNP Paribas SA expects to attract €350 billion ($400 billion) in net inflows at its asset management business by 2030 following the acquisition of Axa SA’s investment unit.

The inflows should help boost assets under management by more than 5% per year, the French bank said in a statement Tuesday outlining its financial targets for the asset management business. Revenue at the unit is expected to grow around 4% annually between 2025 and 2030, with operating expenses staying flat, the lender said.