BNP Paribas Wealth Management

[#InvestmentThemes2026] Welcome to the new age of scarcity. The Iran conflict has reemphasised the importance of the security of the supply of critical minerals and energy. Restrictions on traffic through the Strait of Hormuz, a critical waterway for global trade, have led to shortages and higher prices for many raw materials, including energy, fertilisers, sulphur, helium and strategic industrial metals. Even if traffic resumes in the short term, supply shortfalls will persist for several months. Despite the strong performance of the broader commodity complex since 2022, most investors remain underexposed to this geopolitically sensitive asset class. The theme focuses on: 🔹 Precious metals 🔹 Strategic metals 🔹 Energies critical in technology 🔹 Renewable energy production and storage 🔹 Companies extracting and refining the above commodities 🔹 Companies active in water purification and infrastructure 🔹 Structured solutions based on precious/industrial metals or mining companies Edmund Shing, Global Chief Investment Officer at BNP Paribas Wealth Management, takes you through why securing critical minerals and energy has become a structural challenge for energy-importing regions. 👉 Explore the full theme here: https://lnkd.in/ej4FxsRx #InvestThemesWM2026 #WealthManagement Vincent Lecomte Virginie Delaunay Rachida Tournier Antoine Chemali Anne-Cécile Lugagne Delpon Guy ERTZ Isabelle Enos Charles Girot, CFA Prashant (Pete) Bhayani Grace Tam Philippe Gijsels Alain Gerard Patrick CASSELMAN Gurminder Singh Luca Iandimarino Stephan Kemper Stefan Maly Dannel Low, CFA Hiba Mouallem Christophe De Smedt

[#InvestmentThemes2026] Infrastructure is the backbone of the modern economy. Several megatrends are underpinning investment in #infrastructure: the need for #energy security in Europe and Asia, the progressive #electrification of the world economy, the growing demands of #digitalisation, and structural growth in air and rail #transport. On top of these comes the urgent need to rebuild essential infrastructure in Ukraine and the Middle East. Infrastructure assets offer resilience, long-term visibility, inflation protection and effective portfolio diversification. Once the preserve of sovereign #wealth funds, endowments and pension funds, infrastructure is now accessible through an increasingly broad range of investment vehicles, from listed infrastructure ETFs to semi-liquid evergreen private infrastructure funds. Edmund Shing, Global Chief Investment Officer at BNP Paribas Wealth Management, takes you through why infrastructure has become an essential asset class for resilient portfolios. 👉 Explore the full theme here: https://lnkd.in/eRaEgA-x #InvestThemesWM2026 #WealthManagement Vincent Lecomte Virginie Delaunay Rachida Tournier Antoine Chemali Anne-Cécile Lugagne Delpon Guy ERTZ Isabelle Enos Charles Girot, CFA Prashant (Pete) Bhayani Grace Tam Philippe Gijsels Alain Gerard Patrick CASSELMAN Gurminder Singh Luca Iandimarino Stephan Kemper Stefan Maly Dannel Low, CFA Hiba Mouallem Christophe De Smedt

I asked the Forbes 30 Under 30 Europe founders a simple question in Paris: what does making this list actually mean to you? Their answers are not what you'd expect. They are far more honest. Watch James He (Artificial Societies), Astrid Moullé-Berteaux (Headline), Noah Hollmann (Prior Labs), Max Schalow 👨🚀 & Chingiskhan Kazakhstan 🤠 (SELANA), Clément Nguyen (Lemrock) and Alexandre Duval (Entalpic) — their answers speak for themselves. 🎬 Backing founders at moments like this is the whole point of what we do at BNP Paribas Wealth Management, and why we’ve partnered with Forbes for a second year. Vincent Lecomte Pierre Ramadier Steven Bertoni Alexandra York Servane Costrel de Corainville Caroline Michaux Fabrice Bagne Sandra Wilikens Luca Bonansea Marcel Becker Yves Nosbusch Beata Majewska Beat Bachmann Yusuf Savmaz Rachida Tournier #BNPPWMxForbes30u30 #ForbesUnder30

Each founder I met at Forbes 30 Under 30 Europe was driven by a different spark. A person, a moment, a conviction that wouldn't go away. So I asked them where it started. Watch Marie Christine Kameni (La Jobsetteuse), Felix Keser (BERGMENSCH), Alexandre Duval (Entalpic), Adrian Kotowski (Audiencly - Influencer Marketing Agency & Adspace) and Philipp Nicolay (Manex AI) tell you what inspired them. 🎬 The earlier you back that instinct, the more it's worth, which is exactly what we do at BNP Paribas Wealth Management. Second year with Forbes, and still the right place to be. Vincent Lecomte Virginie Delaunay Steven Bertoni Alexandra York Servane Costrel de Corainville Caroline Michaux #BNPPWMxForbes30u30 #ForbesUnder30

[#InvestmentThemes2026] Beyond algorithms, the new AI frontiers. In 2026, investors are increasingly pricing in the Good, the Bad and the Ugly of accelerating AI. The fast development of new tools expands the possibilities of technology and boosts productivity, while threatening established business models and questioning the future of highly paid white-collar jobs. Markets have rapidly differentiated between the technology hardware suppliers benefiting from AI data centre investment and the companies at risk from disruption to their core business. The theme focuses on the next stage of AI and what it will require: 🔹 Power generation, transmission infrastructure and energy storage (batteries) 🔹 Nuclear power 🔹 High-end chips for data transfers, storage and computing; sensors 🔹 Certain metals and special materials: copper, lithium, aluminium, titanium, lightweight composites, some rare earth elements 🔹 Efficient cooling systems and water-related technologies 🔹 Cybersecurity 🔹 Robotics and humanoid-related hardware and software 🔹 New (Agentic) AI applications in healthcare, finance and other industries Guy ERTZ, Deputy Global Chief Investment Officer at BNP Paribas Wealth Management, takes you through the next stage of AI, its winners, its disrupted incumbents, and the physical, resource-intensive build-out it requires. 👉 Explore the full theme here: #InvestThemesWM2026 #WealthManagement Vincent Lecomte Virginie Delaunay Rachida Tournier Antoine Chemali Anne-Cécile Lugagne Delpon Isabelle Enos Charles Girot, CFA Prashant (Pete) Bhayani Grace Tam Philippe Gijsels Alain Gerard Patrick CASSELMAN Gurminder Singh Luca Iandimarino Stephan Kemper Stefan Maly Dannel Low, CFA Hiba Mouallem Christophe De Smedt

The best advice I heard at Forbes 30 Under 30 Europe this week? Definitely came from the young founders who made the list. I asked them one question: one piece of advice for the next #entrepreneurs. Their answers are below, listen to Eric Braun (Eye-Able), Jeremy Teboul (OTB Ventures), Sasha Collin & Clément Nguyen (Lemrock), Astrid Moullé-Berteaux (Headline), Joseph Choueifaty (Goodvest), Philipp Nicolay & Nathan Gruber (Manex AI), Marie Christine Kameni (La Jobsetteuse) and James He (Artificial Societies). 🎬 After 30 years in this business, I still learn more from a room of founders than almost anywhere else. At BNP Paribas Wealth Management, they aren’t a segment, they’re who we work for. Virginie Delaunay Pierre Ramadier Steven Bertoni Alexandra York Servane Costrel de Corainville Caroline Michaux #BNPPWMxForbes30u30 #ForbesUnder30