BNP Paribas Asset Management
BNP Paribas Asset Management is the dedicated, autonomous asset management business of BNP Paribas Group. HistoryIn 2007, BNP Paribas regrouped its function in asset management under the brand name BNP Paribas Investment Partners. In 2010, the closing of the transaction between BNP Paribas Investment Partners and Fortis Investments was completed. In June 2017, BNP Paribas Investment Partners rebrands as BNP Paribas Asset Management.[1] In August 2024, BNP Paribas Asset Management entered exclusive talks with Axa for the acquisition of Axa Investment Managers for €5.1bn.[2] As Axa Investment Managers has €850bn of assets under management, the deal would create one of the largest asset management firm in Europe, with around €1.5tn of assets under management.[3] On 21 December 2014, Axa and BNP Paribas signed the purchase agreement of Axa Investment Managers by Cardif (BNP Paribas' insurance company).[4] By using its insurance company for completing the purchase, BNP Paribas aims at benefiting from the "Danish compromise" (an EU rule that reduce the costs of owning a bank for an insurer relatively to a bank, in terms of risk-weighted assets and therefore of capital ratio).[5] Products and servicesBNP Paribas Investments Partners provides:[6]
LocationsBNP Paribas Asset Management has offices all over the world. The headquarters are in Paris, France. They also have a presence across much of Europe, North America, South and Central America, Asia, Australia and the Middle East.[7] References
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