How do we help our clients to draw up their philanthropic project?
At BNP Paribas Wealth Management, we help our clients define their philanthropic projects and turn their vision into concrete and impactful action. Philanthropists’ profiles and demands have changed significantly in recent years. In 2023, who are the new philanthropists ? New profiles, new ambitions and new modes of action. In this interview, Nathalie Sauvanet, our Global Head of Philanthropy Solutions shares an overview of new trends she has seen in philanthropy, and how we guide our clients at every step of their philanthropic journey.
When did the philanthropy advisory activity of BNP Paribas Wealth Management first come into being?
In 2008, we created a philanthropy advisory department to help our philanthropic clients draw up their project and translate support for causes they care about into concrete actions. We were one of the first private banks in Europe to offer this kind of philanthropic strategy advisory service. We are a small team of dedicated experts: we are based in Europe (Paris) and Asia (Singapore and Hong Kong) with a network of correspondents in Germany, Belgium, Italy, Luxembourg, Poland and Switzerland. In 2022, 63% of the private clients we advised were in Europe and 37% in Asia. Since 2008, we have advised more than 1,600 clients ; as the number of requests has increased since the pandemic, we advise currently an average of 170 clients per year.
"TODAY'S PHILANTHROPISTS ARE NO LONGER “MERELY” DONORS, THEY HAVE BECOME CHANGE MAKERS"