US EditionBNP Paribas Downgrades Projections for AXA IM Deal After Regulatory Guidance
14 Articles
14 Articles
BNP Paribas completes €5.1bn AXA IM acquisition
BNP Paribas Cardif has completed its acquisition of AXA Investment Managers. The deal, first announced last August, creates a European asset manager with over €1.5trn in assets under management. BNP Paribas said it aims to become the continental leader in fund collection for private asset investments, while positioning itself among the main ETF providers. Sandro Pierri, CEO of BNP Paribas AM, will lead the wider group’s asset management arm. Mar…
No Danish Compromise for BNP Paribas - Global Trading
BNP Paribas has finalised its acquisition of AXA Investment Managers (AXA IM) and clarified its leadership structure going forward. The firm has not been able to employ the ‘Danish Compromise’, under which banks do not have to deduct the value of insurance subsidies from their capital. In May, the ECB stated that this would not be applicable to asset management undertakings. READ MORE: BNP’s Axa IM acquisition to close in July despite ECB shutti…
BNP Paribas Cardif has completed the acquisition of AXA Investment Managers (AXA IM) and has formalized a long-term strategic alliance with the AXA Group to manage a significant part of its assets. The operation, announced on August 1, 2024, allows the BNP Paribas Group to consolidate a leading European management platform [...] La entrada BNP Paribas Cardif completes the acquisition of AXA IM aparece primero en Forbes España.
Deals: Ardonagh Completes on $2.5bn Equity Investment
The Ardonagh Group (“Ardonagh” or “the Group”), one of the world’s largest independent insurance distribution platforms and a top 20 global broker, announces the completion of a $2.5 billion equity investment led by funds managed [...] The post Deals: Ardonagh Completes on $2.5bn Equity Investment appeared first on .
The acquisition of Axa IM inflates the asset management of the first French bank to more than €1,500 billion. The next step will be the transformation of BNP Paribas AM into a subsidiary of Cardif by the end of the year, in order to consolidate all the group's management entities under the insurer.
Coverage Details
Bias Distribution
- There is no tracked Bias information for the sources covering this story.
To view factuality data please Upgrade to Premium
