CFM INDOSUEZ Wealth Management - 2019 annual report

assets under management (EUR bn ) The assets managed by the Indosuez Wealth Management group increased by 7.6% over one year (+EUR9.3 billion) to EUR132.1 billion at the end of December 2019, an all-time high. NBI NBI improved slightly compared to 2018 thanks to sales efforts and the quality of asset management, despite pressure on margins and the impact of negative interest rates. A cost reduction programme offset adverse exchange rates and inflation and covered digital investments while allowing us to finalise the transformation of our European presence. Over the full year, net income Group share stood at EUR66 million, up 13% compared to 2018, with a gradual improvement in profitability after the low point seen at the end of 2018. geograph i c breakdown by cl i ent country of res i dence Good diversification of client assets, bolstered by multiple growth drivers. Diversified asset allocation, reflecting our ambition of protecting and growing our clients’ assets. Europe (including Switzerland and Monaco) Eastern Europe and ex CEI Latin America Middle East & Africa Asia Pacific France asset al locat i on Funds Cash Assets Bonds Life Insurance Equity Structured Products Other (including Private Equity) 39.5% 37% 8.5% 8% 6% 1% 24.4% 20.5% 19.4% 15.7% 13% 3.5% 3.5% MDSEUR 118.3 MDSEUR 122.8 MDSEUR 132.1 2017 2018 2019 Activity report 2019 CFM Indosuez Wealth Management 13