Wealth and Asset Management
The trusted partner for long-term growth and preservation
Wealth and Asset Management invests, structures and safeguards assets, creating innovative investment solutions. Today we manage €124 billion of assets in Europe and in the Middle East for private and institutional clients.
Our offices in Paris' th arrondissement, next to Parc Monceau, have been our home in the city since
Our philosophy has always been to manage our clients’ assets with the same diligence and care as we do our own business.
More than 200 years of history drives our ability to take a long-term view in everything we do, including our approach to sustainable investing.
As a business focused on building relationships and delivering the best possible outcomes for our clients, finding the right people to drive our business forward is paramount.
We have a young, entrepreneurial workforce that places customers at the centre of every decision. Our business is made up of more than 1,800 people in 13 countries across 24 offices. Over the past five years, our number of colleagues has grown by 30% and in 2024 a further 258 people joined our teams. We are committed to a diverse workforce; this year, 44% of our new hires were women, 46% of our workforce is female and 35% of senior positions are filled by women.
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Wealth Management
Wealth Management offers private clients an objective long-term perspective on investing, structuring and safeguarding assets, to help them preserve and grow their wealth. We provide a comprehensive range of services to more than 15,000 wealthy and successful families, entrepreneurs, foundations and charities around the world. As a family-controlled business, we are able to provide an innate understanding of multigenerational, wealthy families.
Investment approach
We are fortunate to be part of a lasting legacy, culture and family structure. In an environment where short-term thinking often dominates, we believe long-term preservation is the right approach to managing wealth. We offer impartial advice, tailor our approach to each client and design a service that is right for them.
Asset Management
Asset Management is a global, independent multi-specialist asset manager, delivering bespoke investment solutions and advisory services to institutional clients, third-party distributors and our own Wealth Management teams. With headquarters in Paris, we offer a full range of products, including open-ended funds, dedicated mandates, fund of funds and multi-management.
We benefit from more than 20 years of experience and are recognised as one of the pioneers of open architecture fund allocation and selection.
Investment approach
We deliver innovative investment solutions through high conviction portfolios and bespoke advisory services. We rely on four core principles: rigorous open architecture, the pursuit of excellence, active portfolio management and robust risk management.
Services
Wealth Management
Wealth Management offers private clients an objective long-term perspective on investing, structuring and safeguarding assets, to help them preserve and grow their wealth. We provide a comprehensive range of services to more than 15,000 wealthy and successful families, entrepreneurs, foundations and charities around the world. As a family-controlled business, we are able to provide an innate understanding of multigenerational, wealthy families.
Investment approach
We are fortunate to be part of a lasting legacy, culture and family structure. In an environment where short-term thinking often dominates, we believe long-term preservation is the right approach to managing wealth. We offer impartial advice, tailor our approach to each client and design a service that is right for them.
Asset Management
Asset Management is a global, independent multi-specialist asset manager, delivering bespoke investment solutions and advisory services to institutional clients, third-party distributors and our own Wealth Management teams. With headquarters in Paris, we offer a full range of products, including open-ended funds, dedicated mandates, fund of funds and multi-management.
We benefit from more than 20 years of experience and are recognised as one of the pioneers of open architecture fund allocation and selection.
Investment approach
We deliver innovative investment solutions through high conviction portfolios and bespoke advisory services. We rely on four core principles: rigorous open architecture, the pursuit of excellence, active portfolio management and robust risk management.
Key numbers
€bn
total assets under management, of which €bn wealth management and €bn asset management
€.bn
new net assets
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people
countries
Wealth and Asset Management — highlights of
Assets under Management (AuM) reached a new record of €124 billion at the end of , an increase of % from .
This growth was supported by record Net New Assets (NNA) for Asset Management and positive NNA for almost all Wealth Management locations, totalling €5.3 billion, which represents 5% annualised NNA growth.
Wealth Management AuM grew from €80 billion at the end of 2023 to €91 billion at the close of 2024 – an increase of 13% year-on-year. This was driven by good momentum in expanding and attracting new clients as well as good investment performance. Additionally, at the end of 2024 our loan book stood at €4.5 billion and out deposit base at €14.1 billion, with a conservative loan to deposit ratio at 32%.
For Asset Management, stronger markets and increasing client investments supported AuM growth of 18%, from €28 billion at the end of 2023 to €33 billion at the close of 2024.
After a two-year period of supportive market conditions, we are somewhat cautious and expect 2025 to be more challenging. We will continue to monitor the evolving political situation worldwide, as well as central banksʼ moves and market reactions. We are committed to a long-term view and continuing to invest in the business.
Growth of business
New Court fund milestone
Wealth Management's flagship New Court fund hit £5 billion of AuM in 2024, a major milestone for this successful strategy.
Private Markets Group
The Private Markets Group, launched in 2023, continued to strengthen its partnership with Five Arrows, as well as to identify and source private market investment opportunities, in the areas of private equity, private debt, infrastructure and real estate. This will enable us to deliver a greater diversity of investments to our clients, and to deploy a robust common approach to serve our clients’ needs. We will continue to develop our successful Private Markets discretionary mandates offering further in 2025. A total of €7.2 billion was committed by Wealth and Asset Management in Private Markets funds.
Opening of Dubai office
Wealth Management opened its Dubai office in 2024 and is now fully established, as we expand our operations to the Middle East. This new team will complement our established Global Advisory team, and Five Arrows offering, with these synergies providing an excellent foundation for the new location.
International expansion in Asset Management
We continued to strengthen the Asset Management teams, particularly on the international sales side, with the onboarding of a dedicated salesforce in Switzerland, Germany, the Netherlands and Spain.
Continued focus on sustainable investment
We further strengthened our sustainability governance at Wealth and Asset Management level, with the establishment of the Wealth and Asset Management Sustainability Committee, gathering investment team members, ESG leaders and client advisers from all entities to foster collaboration and innovation on sustainable investment.
Training remained a key priority over the year, to ensure teams have access to the right resources to help clients navigate the transition. We renewed our commitment to make sustainability-related training available to all Wealth and Asset Management employees through a digital platform covering a broad range of topics from sustainable finance regulations to planetary boundaries, and increased in-person training sessions on specific ESG topics.
Sustainability-focused investment strategies supported our AuM growth over the year, with Asset Management winning two significant RFPs with an environmental focus and the UK Exbury strategy reaching €1.5 billion in AuM at year end.
Spotlight on Asset Management expertise supporting exceptional growth
Record year of NNA growth:
Our Asset Management business was the number one independent Asset Manager in France in terms of NNA
th anniversary of the flagship R-co Valor fund
reaching close to €6 billion of AuM
Success of the fixed income product suite,
mainly the maturity “R-co Target” funds (12th generation)
Digital advancements
Artificial intelligence
In 2024, the Group’s Generative AI Taskforce worked with Wealth and Asset Management to launch several pilot projects to support our business, as the importance of this transformative technology becomes increasingly apparent. We use AI tools both to support our internal teams and to deliver higher levels of service to our clients.
Client applications
We were pleased to launch a new messaging platform on our French application Espace Privé. This has been enhanced to create seamless communications with our clients to exchange sensitive information such as client reporting and personal documents, in a secure environment. We look forward to implementing these improvements across our business.
Enhancing the Digital Journey
Intelligent automation and digitisation are critical to sustaining high-quality client experience. We are using robotic process automation across our business and locations, allowing for greater efficiency, effectiveness and scalability. We now complete 3 times more internal signatures online than in 2022, with 55% of all client onboarding using e-signatures.
