Supported by BNP Paribas' Moroccan subsidiary BMCI, it aims to serve private clients, business owners and entrepreneurs.
The private bankers based in Casablanca and Rabat will be supported by three departments, wealth planning for legal and tax matters, a marketing team that will develop products and services dedicated to private banking clients and an advisory desk to provide financial advice and management.
This line-up is completed by a department for high-net worth individuals that will deliver 'family office-style' advice and guidance to clients who have specific issues relating to the scale of their wealth and are looking for tailored solutions.
BMCI-BNP Paribas Banque Privee will provide its clients with solutions that are personalised, based on their individual needs, offering them a wide array of financial products and investment options.
The new private bank, part of BMCI's private and professional customers entity and BNP Paribas' wealth management networks, will be headed by Meryem Kabbaj, who has been appointed as director of private banking at BMCI.
BMCI offers a range of capabilities including corporate finance, asset management, capital markets transactions and leasing.