Bringing you live news and features since 2013
Bringing you news, views and analysis since 2013

3334

BNP Paribas acquires 49.96 per cent of Crédit Agricole’s Fund Channel

RELATED TOPICS​

BNP Paribas Investment Partners has joined forces with Crédit Agricole Asset Management to create a European provider of fund distribution services.

BNP Paribas Investment Partners has joined forces with Crédit Agricole Asset Management to create a European provider of fund distribution services.

Fund Channel, a fund distribution logistical platform wholly owned by CAAM Luxembourg, is selling a stake to BNPP IP. The resulting joint venture, which will be owned 50.04 per cent and 49.96 per cent respectively by the two companies, has received the go-ahead from both the Luxembourg regulator, Commission de Surveillance du Secteur Financier, and the European Commission.

Going forward, the assets under administration for entities and external clients of the Crédit Agricole and BNP Paribas groups will be handled on the same platform. 

Relying on a network of more than 75 institutional clients in Europe, Asia, the Middle East and Latin America, Fund Channel provides access to over 10,000 investment funds managed by 197 management companies, with total assets under management in excess of EUR20bn.

CAAM wants to leverage the agreement between the two firms in order to speed up Fund Channel’s development.

Jean-Paul Mazoyer, head of development for CAAM Group, says: "We are proud to sign this agreement, which should significantly improve Fund Channel’s trading capacity for the benefit of its clients".

Fund Channel managing director Guillaume Abel adds: "By strengthening Fund Channel’s position in Europe, the agreement will create marketplace opportunities for us since many institutional investors are determined to improve their organisational structure and boost their revenues."

Philippe Marchessaux, head of BNPP IP, says: "This partnership will strengthen BNP Paribas Investment Partners’ leadership in the open architecture industry, where we have built strong positions through our multi-management subsidiary FundQuest."

Set up in 2005 and with a staff of more than 35, Fund Channel offers a full range of integrated services to a clientele composed of fund distributors, multi-managers, private banks, insurance companies and personal financial planning platforms. It spans the entire logistics pipeline for fund management by negotiating and formalising pricing agreements between management companies and distributors, computing and collecting distribution fees, and reporting online to clients and also to management companies listed on the platform.

 

Latest News

Irish domiciled funds surpassed EUR4.3 trillion AuM (Assets under Management) at end-March 2024, a 15..
New analysis by London-based Nickel Digital Asset Management reveals 38 listed companies with a combined..
Bloomberg has announced that for the first time, its proprietary Bloomberg Second Measure (BSM) transaction..

Related Articles

Global ESG Investing
On May 15 Florida’s Republican Governor Ron DeSantis signed legislation that furthers his ongoing campaign to oppose the role of climate change and ESG factors in state policymaking...
On May 15 Florida’s Republican Governor Ron DeSantis signed legislation that furthers his ongoing campaign to oppose the role of..
Trends
The trend to buyout among the UK’s smaller defined benefit (DB) schemes continues with a slew of new sub GBP100 million deals announced this month alone...
The trend to buyout among the UK’s smaller defined benefit (DB) schemes continues with a slew of new sub GBP100..
Different flavours
In what is believed to be the first survey of its kind in the UK market, Nedgroup Investments, the investment-led, multi-boutique global asset manager with over USD20 billion under management, recently undertook a survey with 204 UK investment professionals, seeking insights into their perceptions and attitudes towards boutique asset managers...
In what is believed to be the first survey of its kind in the UK market, Nedgroup Investments, the investment-led,..
UK map
UK local government pension schemes (LGPS) are leading the charge on investment in private markets issuing tenders set to be worth billions of pounds in the coming years...
UK local government pension schemes (LGPS) are leading the charge on investment in private markets issuing tenders set to be..
Subscribe to the Institutional Asset Manager newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by