BNP Paribas Asset Management (BNPP AM)has reorganised its €1.7trn-plus platform around three business divisions as it seeks to accelerate growth and deliver its 2030 strategic plan.
The new structure follows the integration of AXA Investment Managers and is centred on investments, global client group liquid strategies and alternatives, according to a statement.
The alternatives division, with €300bn in assets, will focus on expanding its offering and increasing third-party fundraising across real estate, infrastructure, alternative credit and private equity. It will be led by Isabelle Scemama, deputy chief executive officer of BNPP AM, who is also head of BNPP AM Alts, and supported by deputy head of BNPP AM Alts, Deborah Shire.
The investments division will focus on scaling active management and accelerating the asset manager’s exchange-traded fund franchise. It will be led by Rob Gambi, global head of investments, bringing together BNPP AM’s capabilities across fixed income, fundamental active equity, multi-asset and systematic and quantitative investments.
The newly established global client group – to be led by Steven Billiet, head of global client group, liquid strategies – will target growth among institutional and insurance clients, while a dedicated strategic partnerships office will focus on insurance relationships.
BNPP AM has also established a transformation office focused on artificial intelligence and technology, including digital assets and tokenisation. Patrick Simion, chief transformation officer, will be its lead.
The asset manager said the new organisation is designed to support its ambition to accelerate growth while strengthening its ability to serve clients across investment capabilities.
Some 200 managers have already been appointed under the new structure, with further nominations expected.
The reorganisation gives particular prominence to alternatives and institutional distribution as BNP Paribas AM seeks to leverage the scale of its enlarged platform.
The €1.7trn-plus asset base brings together the businesses following the acquisition of AXA Investment Managers, with the new structure intended to support growth across both traditional and alternative investment strategies.
