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COMPANY OVERVIEW BNP Paribas is a leader in banking and financial services in Europe.

The three main activities of BNP Paribas are complementary, providing strategic strength and assuring the bank financial solidity:

Retail Banking Investment Solutions Corporate & Investment Banking.

It also focuses on international retail banking, specialized financial services, private banking, asset management, and insurance services. The bank is part of the BNP Paribas Group, which is one of the strongest banks in the world as rated by Standard & Poors and has a presence in more than 80 countries with more than 200,000 employees, half of which are based in its four domestic markets: Belgium, France, Italy and Luxembourg. By placing the customer firmly at the heart of its operations, the bank for a changing world has positioned itself as a responsible company at the service of its customers. It defines itself through its rigorous approach to managing risk, its capacity to adapt and its ability to innovate. The registered office is located at 16 Boulevard des Italiens 75009 Paris, France.


BUSINESS DESCRIPTION BNP Paribas is a leading financial organization. It operates through three core businesses: corporate and investment banking, retail banking, and asset management and services in almost 85 countries in the world. The corporate and investment banking division offers advisory services for mergers and acquisitions and primary equity market transactions through its subsidiaries, one of them being BancWest Corporation. It is also engaged in designing and structuring a range of financing arrangements, including syndicated loans, acquisition financing, LBO financing, project financing, optimization and asset financing, media and

telecommunications financing, marine financing and aircraft financing. The retail banking division offers a line of products and services ranging from current account services to complex financial engineering services in the areas of corporate financing and asset management.

The asset management and services division offers a range of products and services tailored to the financial and wealth management needs of a private clientele through its subsidiary, BNP Paribas Asset Management. Its approach is heavily weighted towards advisory services and personalized management. Securities services specializes in securities services for companies and financial institutions, including banks, brokerage houses, pension funds, asset managers and insurance companies. In addition, the BNP Paribas Capital unit, a subsidiary, spearheads the private equity business. BNP Paribas also offers a range of property-related products and services in France and has teams who specialize in managing portfolios of quoted stocks and sovereign risks.

HISTORY BNP Paribas was created in August 1999 through the merger of Banque Nationale de Paris and Paribas. The bank strengthened its position as a custodian bank through the acquisition of the securities division of AXA Banque in the same year. In 2000 BNP Paribas completely reorganized its Spanish market by selling off a number of unprofitable branches and consolidating others. This restructuring allowed the group enough finance to launch Global Risk solutions, another subsidiary of the new company, which was designed to aid its own subsidiaries and other companies in decision making within the global marketplace. In 2001 BNP Paribas Asset Management acquired a majority stake of Overlay Asset Management, a company incorporated in France, specializing in Currency Overlay. Later in that year, BNP Paribas spent $2.4 billion on buying the 55% of BancWest. During April 2002, BNP Paribas completed the $2.4 billion acquisition of United California Bank (UCB). In the same year, BNP Paribas acquired Cogent, the UK investment administration arm of AMP, the Australian based financial services group. In late 2003, BNP Paribas Peregrine launched a China investment banking business; a joint venture with Wuhan based Changjiang Securities. In January 2004 Arval PHH, BNP Paribas car rental services subsidiary, acquired 100% of Arma, a company which provides long-term car fleet leasing services, with its main activity in the Netherlands. In March 2004, BancWest Corporation, a wholly owned subsidiary of BNP Paribas, acquired Community First Bankshares, a Nasdaq listed company in Western US. BancWest agreed to acquire Union Safe Deposit Bank, the next month.

February 2005 saw the company acquire 50% of the holding company which controls the bank Turk Ekonomi Bankasi (TEB). In the following month, Atisreal UK, a BNP Paribas subsidiary, acquired part of the former Chesterton business. In April 2005, ABN AMRO and BNP Paribas announced that they had entered into an agreement whereby BNP Paribas Private Bank would acquire Nachenius, Tjeenk, an exclusive Dutch private bank, from ABN AMRO. In the very next month, the company acquired the Asia Pacific equity execution business of Calyon, Credit Agricole Groups corporate and investment bank. In June 2005, BNP Paribas purchased Commercial Federal for $1.36 billion, in order to reinforce its presence in the western US market. MAJOR PRODUCTS AND SERVICES BNP Paribas is a banking company with corporate, retail, and investment banking operations. The companys products and services are categorized under the following different segments: Corporate and investment banking: Advisory and capital markets Corporate finance Equities Fixed income Specialized financing Structured finance Export financing Commodities financing Project finance

Retail banking: Retail banking Consumer finance Asset finance Mortgage financing Business equipment management

Asset management and services: Institutional and private asset management services Insurance Global securities services Real estate services

SWOT ANALYSIS BNP Paribas is Frances largest listed banking group, ranking first in France in terms of net income and fourth in Europe for stockholder equity. The bank has a global presence that helps it reduce the exposure to the vagaries of the economic conditions of any one country. However, it is threatened by the adoption of the Basel II norms that will result in increased compliance cost for the company.

Strengths Global presence BNP Paribas is one of the largest financial services institutions and operates from about 200 offices worldwide. Apart from France and other European countries the company also operates in countries like the US, Canada, Australia, Brazil, China, Japan, Egypt, Algeria and India. The benefit of having operations worldwide is two fold. One, that the company would not have to incur the establishment costs of setting up its services if it finds business prospects in any of these countries and two, that the company would not be exposed to the vagaries of the economic conditions of any one country of operations. Wide array of services BNP Paribas provides its customers with a wide array of services that ranges from corporate finance, export financing and advisory services to retail banking, mortgage financing, institutional and private asset management services. Such a wide array of services insulates the performance of the company from revenues generated by anyone service thereby assuring a relatively stable top line for the company. In addition, it also provides the company with access to a wider end market and enhanced crossselling opportunities. Strong market position BNP Paribas enjoys a strong market position. It is one of the largest banks in Europe in terms of market capitalization. BNP is one of the top 15 players in merger and acquisition transactions in Europe, being ranked number 13 among European players in terms of transaction volumes and number 11 as adviser to companies considering a merger or acquisition. It is also a leading player in France and Europe as a whole for primary equity business, holding the eighth spot in Europe and the top slot in France. Its French retail banking segment is one of the most popular retail banking networks. Such a strong market position enhances the companys bargaining leverage and gives it a competitive advantage as against its peers in the industry.

Weaknesses Decline in interest income BNP Paribas has witnessed a considerable decline in its interest income. Interest income forms a major portion of the total revenue earned by any financial institution. In the case of BNP it forms about 63.9% of the total revenue earned in fiscal 2004. The company has witnessed a decline of about 8.1% (CAGR) in the 2000-04 period. Although there was a marginal rise of 4.3% in fiscal 2004, interest income earned by the company has not been able to come up to the 2000 level. If this trend in decline continues, the company may have to bear an adverse impact on its top line growth. High proportion of NPLs The amount of non-performing loans (NPLs) that the company has as a proportion to its loans is higher than many of its peers in the industry. In fiscal 2004, gross NPLs formed 6.3% of the total loans for the company. This proportion was much higher for the bank as against some of its closest competitors like ABN AMRO Holdings (2.9%), Barclays (2.3%) and Credit Suisse (4.8%). Such a high proportion of NPLs will not only negatively impact the return generated by the company on its assets but would also hamper the confidence of its shareholders. Low growth in revenues The company has posted a slower growth rate in its revenues as compared to some its closest competitors operating in the European banking industry. In fiscal 2004, the company achieved a growth of only about 6.9% in its revenues, whereas, some its major competitors like UBS, Standard Chartered and HSBC Holdings achieved a growth rate of about 25%, 27% and 23%, respectively. If the company continues to derive lower growth rate in its revenues as compared to its peers in the industry it may result in a loss of market share.

Opportunities Acquisition of FundQuest In June 2005, BNP Paribas became a leading global player in open architecture with the acquisition of FundQuest in the US. BNP Paribas Asset Management has reached an agreement to acquire US based, FundQuest, with $10 billion in assets under management and administration. BNP will use FundQuest as its global brand for wealth management solutions in open architecture in the US and Europe. Massachusetts based FundQuest, provides a range of wealth management solutions to more than 60 financial institutions, mainly banks and insurance broker-dealers. This acquisition is a strategic opportunity for BNP Paribas and FundQuest to become an integrated global market leader that uses open architecture to deliver wealth management solutions for institutions and advisors. In the US, BNP Paribas will make a major move in managed accounts, a segment of the US investment industry with strong growth potential. In Europe, FundQuest will join forces with Cortal Consors Fund Management (CFM), a fully-owned subsidiary of BNP Paribas and a European leader in open architecture and investment advisory services with $18 billion under management and advisory. CFMs existing multi-management solutions will be combined with FundQuests expertise in managed accounts to create a global leader with nearly $30 billion under management and administration.

Increasing demand for private banking services Improved global outlook and strong performance of capital markets has resulted in strong demand for private banking services. This is evident from the growth in the number of high net worth individuals (HNWIs) (individuals with a net worth of at least US E1 million), which grew by 7.3% in 2004 to reach 8.3 million, an addition of 600,000. Asia-Pacific has witnessed one of the highest growth rates (over 8%) during 2004, which was almost twice as higher than Europe. Singapore, Hong Kong, Australia and India have seen highest rates of HNWI population growth. Global high net worth wealth is projected to grow at a CAGR of 6.5% over the next five years, reaching E42.2 trillion by 2009. Since BNP has wide spread operations in almost all of the countries mentioned above, this trend is expected to boost the companys wealth management services. Emerging retirement market The retirement market presents a key growth opportunity for financial service institutions as government support of pension plans weakens. Insurance firms and banks are well positioned to benefit and are investing heavily to pursue this segment more vigorously. The responsibility of providing income for retirement is shifting from the state to the individual in most parts of the world. Pensions make up an average of 21% of public spending in European Union countries. The long-term savings market in Europe is predicted to be worth about E26 trillion by the end of 2010, compared with E12 trillion in 1999. The life insurance market in the UK is also forecast to increase by 6.6% over the forecasted period, to reach a value of 38.4 billion (approximately E56.6 billion) in 2008 (as of December 2004). BNP provides a wide range of products including personal financial services, pensions, insurance and investment products. The positive outlook for the long term savings market would provide the company with the opportunity to increase revenues from the personal financial services, retirement, insurance, and investment offerings.

Threats Basel II Accord The goal of the Basel II Accord is to better align regulatory capital measures with a banks inherent risk profile based on credit, market and operational risks. The Accord is an outcome of more than five years of work by the Basel Committee against a backdrop of intense deliberations and dialogue within the banking industry, and among regulators around specific rules. The Basel II Capital Accord requires banks to assess the risk in each area of their business and set aside adequate regulatory capital. Complying with Basel II qualification standards requires a significant history of consistent, accurate and granular data within the credit management information systems. Due to this, the cost of compliance has become a heavy burden on banks. In a survey conducted in 2004, financial firms ranked compliance as their most critical spending issue. High compliance costs would pull down the margins of banks such as BNP and adversely affect their overall profitability. Consolidation in the financial services industry In recent years, there has been substantial consolidation and convergence among companies in the financial services industry. In particular, a number of large commercial banks, insurance companies and other broad-based financial services firms have established or acquired broker-dealers or have merged with other financial institutions in Europe and overseas. While the traditional reasons for mergers achieving scale and building market share are still valid, todays mergers are likely to be driven by reasons that go beyond sheer increases in size. In many cases, banks are now pursuing deals that will fill in gaps in product lineups and broaden geographic coverage in current markets as well as enter new markets. Banks are also seeking to balance the more volatile areas of their business such as investment banking with more stable revenue streams provided by retail banking.

Bank of Americas E47 billion purchase of FleetBoston; JPMorgan Chases E58 billion acquisition of Bank One; and Mitsubishi Tokyo Financial Groups interest in the retail operations of UFJ Holdings highlight these trends. Through such business alliances and consolidations, these organizations have attained ability to supplement their investment banking and securities business with commercial banking, insurance and other financial services revenues. This has greatly increased competition for banks like BNP Paribas, which may adversely affect its market share. IFRS Accounting From January 2005, all European Union member countries and Australia will have to report their financial results according to the International Financial Reporting Standards. As per these guideline banks will have to measure more of their exposures using fair value (ie market value) techniques. These guidelines also restrict banks in their use of hedge accounting. Whilst this should make their accounts far more transparent, these changes will result in increased earnings volatility, and could significantly impact companies like BNP Paribas.

TOP COMPETITORS The following companies are the major competitors of BNP Paribas Group: ABN AMRO Holding N.V. Allied Irish Banks, p.l.c. Bank of America Corporation Barclays PLC Credit Agricole, S.A. Fortis Socit Gnrale Standard Chartered PLC SunTrust Banks, Inc. Wells Fargo & Company The Toronto-Dominion Bank Canadian Imperial Bank of Commerce KBC Bank and Insurance Holding Company NV Citigroup Inc. HSBC Holdings plc National Australia Bank Group Limited Credit Suisse Group Deutsche Bank AG ING Groep N.V. MBNA Corporation UBS AG TD Waterhouse Group, Inc.

BNP Paribas Corporate and Investment Banking BNP Paribas Corporate and Investment Banking (BNP Paribas CIB) had already begun adapting to this new environment by monitoring both its capital and liquidity requirements ahead of its competitors. The events of 2011 accelerated BNP Paribas CIBs process of reducing its US dollar funding needs and its risk-weighted assets and BNP Paribas CIB is well on target to reach these goals by the end of 2012. Faced with such important structural changes, BNP Paribas CIB is adapting its business-model so that it can continue to maximise value creation both for its clients and for the Group. For instance, with increased capital buffers and regulatory constraints on liquidity, disintermediation will play a larger role in the financial markets going forward. BNP Paribas CIB is well-positioned to leverage its strong European investment banking franchise and world-wide distribution platform to help clients seize opportunities in these changing, disintermediated markets. BNP Paribas CIB will continue to focus on those important growth markets such as Asia-Pacific where macro-economic perspectives are strong and that have strategic importance for its European clientele. BNP Paribas CIB will capitalise on its global flow banking platform to bring to its clients around the world the services they need. Over the years, BNP Paribas CIB has built its success on its client-centric business model, combining a competitive capital markets franchise with a strong financing platform in selected areas of expertise. At this critical juncture, BNP Paribas CIB will adapt its business model to remain sustainable and competitive in the new banking environment where it can continue to serve clients and meet their needs. BNP Paribas Corporate & Investment Banking (CIB) BNP Paribas Corporate & Investment Banking (CIB) provides to its clients financing, advisory and capital markets services. It is a globally recognised leader in many areas of expertise including among others structured financing and derivatives across a variety of asset classes. CIB also has a solid corporate advisory franchise in Europe and Asia. The firm is divided into 6 key business areas:

Fixed Income: BNP Paribas' fixed income team helps companies hedge their

exposure to foreign exchange, interest rate, and credit risks, primarily though the structuring and sale of derivative products such as interest rate and foreign exchange swaps, foreign exchange options and credit derivatives. It also trades in these markets on behalf of clients or for its own proprietary account. On an average day, a quarter of a trillion dollars in fixed income instruments are traded at BNP Paribas Americas fixed income trading floor located just blocks from the NASDAQ MarketSite in Manhattan, New York City.[21][22]

Equity & Derivatives: BNP Paribas' Equity & Derivatives team helps companies

manage their risks and investment portfolios with equity derivatives such as options, futures, and swaps, as well as highly complex, customized solutions such as structured products. It also trades in these markets on behalf of clients or for its own proprietary account.

Commodity Derivatives: BNP Paribas' Commodity Derivatives team helps

clients hedge their exposure to commodity risk though the structuring and sale of commodity futures and OTC commodity swaps. It also trades in these markets on behalf of its clients or proprietary account.

Investment Banking: BNP Paribas' Corporate Finance team performs most of

the traditional investment banking functions of the group including mergers and acquisitions advisory, and equity raising operations such as Initial Public Offerings (IPOs), rights issues, and convertible bond issues.

Structured Finance: BNP Paribas' Structured Finance group offers clients

project finance solutions, export financing, syndicated loans, and financing for acquisitions and leveraged buyouts.

Corporate & Transaction Group: BNP Paribas' Corporate and Transaction

group offers clients simplified flow banking services including trade finance, international cash management, and basic hedging solutions.

In 2009 BNP CIB earned 12.2 billion in revenue (30% of total group's), 4.4 billion in pre-tax income (48.9% of total group's), and 18,000 employees (9.0% of total group's headcount.) Drawing on a Client-Focused Business Model CIBs clients are central to their business model. These include corporations, financial institutions and investment funds. CIB aims to develop long-term relationships with its clients and accompany them throughout their business and investment strategies. CIB is there to provide them with the financing, advisory and risk management solutions they need in order to help them move forward into the future with confidence. Adapting Global Solutions to Suit Local Conditions Present across all continents, CIB constantly adapts its solutions to suit local conditions, all by relying on its global perspective and pioneering spirit . As an integral part of a robust, well-known Group, CIB continues to demonstrate its ability to adapt to todays economic challenges . CIB strengthened its European leadership and further developed its international activities. It consolidated its role as a European partner of choice for many corporates and financial institutions worldwide. CIBs success continues to prove its capacity to manage complex challenges, thereby ensuring its growth and the growth of its clients. Business Advantage

By relying on the combined Sybase/SAP Business Objects business intelligence

solution, BNP Paribas CIB now has a centralized view of global liquidity and treasury activity so that senior management can manage risk more effectively in real time.

Key Benefits

Ensures required reliability and security for risk management assessments Guarantees higher analytical decision-making capacity capabilities for senior


Reduces business intelligence storage requirements by 75 percent Completes critical reports in three seconds rather than 30 minutes required by

previous system

Reduces system maintenance support costs

BNP PARIBAS PRINCIPAL INVESTMENTS BNP Paribas Principal Investments manages the Groups portfolio of listed and unlisted investments and emerging market sovereign debt. Listed Investment Management The Listed Investment Management unit acquires and manages minority interests in listed companies on behalf of the Group. Investments are generally made in large caps and the portfolio comprises mostly French companies. The units mission is to extract the greatest possible value from its assets over the medium term. Unlisted Investment Management The Unlisted Investment Management unit manages the Groups portfolio of interests in unlisted companies (direct and indirect through funds). It identifies and analyses investment opportunities, structures transactions, manages investments with a view to extracting value in the medium term and organises the disposal of mature investments.

Emerging Market Sovereign Debt Management The Sovereign Debt Management units role is to: monitor, on the Groups behalf, restructurings of emerging market sovereign debt

in default or of countries facing difficulties and take part in or chair specially-created credit committees (London Club Committees); manage the portfolio of emerging market sovereign debt housed in Principal

Investments with a view to extracting value in the medium term.

BNP Paribas in India BNP Paribas was one of the first banks to start a dialogue with India in 1860 begining operations in Calcutta

(renamed Kolkata). In those days, the Bank was known as the Comptoir National d'Escompte de Paris (CNEP). We have since then spread our

branches to eight key metros & mini metros and widened and enriched our product repertoire. Today, BNP Paribas is the second oldest foreign bank on the Indian soil and is positioned amongst the leading corporate banks in India. This historical association with India from her independence to liberalization has given BNP Paribas an unparalleled experience of the Indian economy as we have witnessed her grow at close quarters. Our integrity, consciousness and commitment to the business in India has bailed us out of the cotton crisis' in 1865 and protected us from crashing during the depression of 1929-32 and again during the Second World War in 1940, and finally kept us away from the infamous scam of 1992. Today, many of India's top Corporates both domestic and multinationals bank on us to meet their specialized corporate banking requirements. Besides, through our Private Banking offer we have also built lasting relationships with select high networth individuals in the country. While we are proud of our deep-rooted history in this country and the strong relationships that we have forged through our values we are continually changing to proactively prepare for the challenges that lie ahead.

Our goals Becoming the preferred banker and a trusted partner of our customers. Nurturing our employees with a rewarding and stimulating environment for

personal and professional experience. Providing value consistently for our shareholders through profitable development

and management of risk inherent to our business activities. Pledging ourselves to respect and maintain the highest standards of ethics and

good corporate citizenship. Insisting on sustained quality by being a proactive, technology driven and

innovative bank. Historical timeline of BNP Paribas in India

1860 - Comptoir National d'Escompte de Paris (CNEP) opens a branch in

Calcutta (now Kolkata) at Fairlie Place

1862 - The Bombay (now Mumbai) branch opened at Rampart Row 1890 - Governor General of India passes the CNEP Act VII of 1890 1924 - Mumbai branch shifts in to new premises at Bombay House 1948 - The Calcutta branch, which had been closed since 1903, re-opens 1953 - Mumbai branch moves in to its own home in the French Bank Building,

from where it operates to date

1960 - CNEP celebrates its centenary in India 1966 - CNEP and the BNCI merge giving birth to the BNP 1967 - Second branch opens in Kolkata at Posta Bazar 1968 - Branch network expands with new branches in Park Circus, Kolkata and

Kalbadevi in Mumbai

1984 - New Delhi branch opens 1995 - Bangalore and Pune branches open 1996 - Ahmedabad branch opens 1998 - Chennai branch opens

2000 - The Bank celebrates 140 years in India and at BNP group level, becomes

BNP Paribas; Processing Centre set up in Mumbai to integrate all back office operations

2001 - A Memorandum of Understanding is signed between Cardif and State

Bank of India for a joint venture in life insurance

2005 - BNP Paribas India Solutions set up to provide off-shore IT solutions and

as a Business Process Outsourcing Centre

2007 - BNP Paribas picks up a stake in Geojit marking its foray into retail broking Second joint venture with Sundaram in the area of home loans Arval India commences operations Joint venture with SREI in the area of infrastructure equipment finance 2008 - BNP Paribas Securities India is set up BNP Paribas Real Estate comes into being 2009 - BNP Paribas increases stake in Geojit and company changes name to

o o o

Geojit BNP Paribas Financial Services o BNP Paribas Sundaram Global Securities Operations and Sundaram BNP

Paribas and Services commence operations

WOMEN CHANGING INDIA: A BNP PARIBAS PROJECT On Wednesday 25 May at 7 pm, the Women Changing India exhibition sponsored by BNP Paribas in collaboration with Magnum Photos will be inaugurated at Fondazione Forma per la Fotografia in Milan. The Women Changing India project is an initiative launched by the BNP Paribas banking group to commemorate the 150 years it has operated in the country. During 2010 the exhibition toured five Indian cities: Mumbai, Delhi, Kochi, Chennai and Calcutta. In 2011 BNP Paribas is bringing the exhibition to Europe, first in Milan, and subsequently London, Brussels and Paris. This exhibition features more than 130 pictures taken by 6 photographers of the Magnum agency. Their assignment was to photograph, in its various forms, the strength of Indian women who are able to change and transform the country. The exhibition is accompanied by videos. Listening to the voices of the photographers and their subjects enhances our perception of the exhibition. This project and this exhibition therefore seek to show up widespread tired clichs and present the face of the new and constantly changing India.Indian women have the power to change their country and that is what they are doing. "India's future is growing in the hands of women." -Martine Franck Women Changing India From May 26th to June 19th 2011 Every day from 10 am to 8 pm Thursdays and Fridays open until 10 pm. Closed on Mondays Tickets: 7.50 euros Reductions 6 euros Schools 4 euros Info: 02 58118067

Bank of the Year: BNP Paribas The past 12 months were hazardous for international banks. Market volatility and economic uncertainty ran into transformational changes brought about by sweeping regulatory change. One bank took some very early and courageous decisions, moved aggressively to boost capital and liquidity, and cut risk-weighted assets at the same time as it began executing on the first stages of a bold shift in its corporate and investment bank strategy. BNP Paribas is IFRs Bank of the Year.

WEALTH MANAGEMENT Presence in India BNP Paribas was one of the first banks to set up office in India in 1860 and it is the second oldest foreign bank on Indian soil. Today it has a nationwide presence across eight cities. Many of India's leading companies trust us to meet their specialised banking requirements. We provide them with sophisticated solutions in foreign exchange and derivatives as well as hedging operations. BNP Paribas Private Banking Internationally, BNP Paribas has a long tradition in private banking: our expertise has served many entrepreneurs and has forged some very special relationships that have endured over the years. Today, we manage over USD 175 billion in assets worldwide a testimony of our clients' confidence in us. We are a premier private banking service that offers wealth advisory services to discerning customers who appreciate the need for personalised attention and expertise in financial planning. BNP Paribas was among the first banks to introduce private banking services in India, in 2000,. Over time, our focus on understanding clients' financial ambitions has led to providing tailored solutions for them. Today, we are positioned to provide a wide array of products and services, comparable to the best in the world. What We Can Do For You We bring to the table a high level of personalised customer service, professional guidance and comprehensive understanding of wealth advisory in India. You benefit from the multidisciplinary skills of our teams handling multi-faceted investment avenues. From expert advice on asset acquisition to portfolio advisory, BNP Paribas Private Banking provides you with made-to-measure services designed to meet your expectations in full.

Responding To Your Needs with our Strengths

A comprehensive suite of products and services Skilled and experienced teams Global strengths: products, research & cross-border expertise Dynamism in offering wealth advisory services Partnership, not mere relationship with clients Over the years, we have been serving wealth creation and investment needs of

individuals and families that include industrialists, entrepreneurs, businessmen, professionals, senior executives and Non-Resident Indians. Clients come to us with a unique set of opportunities and goals.

We work with them to understand their requirements in order to develop appropriate solutions that are aligned to their objectives