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BNP Paribas creates a European leader in open architecture: CFM

The BNP Paribas Group is centralising its multimanagement teams in one independent investment company – Cortal Consors Fund Management (CFM). With over EUR 12 billion in discretionary and advisory portfolios, CFM has become a European leader in open architecture.

Originating from the consolidation of the BNP Paribas Asset Management and Cortal Consors Fund management multimanagement teams, CRM has become a platform of expertise serving its internal and external distributor clients. The new structure benefits from the distribution capacities of BNP Paribas Asset Management for B-to-B and Cortal Consors for B-to-C. The new firm offers a broad range of made-to measure solutions:
· Analysis of external managers
· Fund advisory, selection and monitoring
· Investment management
· Management of French-domiciled funds (Plug & Play), including discretionary management
· Management of funds of funds and funds of managers

CFM's numerous strengths place it in a unique position. The firm's twenty specialists cover all asset classes and can answer the needs of the most demanding clients, in particular due to:
· A solid, proven investment process with a track record going back eight years
· Privileged access to the world's best managers

Finally, the independent status of the new firm ensures a transparent, objective service for clients.

With this new organisation, CFM aims to accelerate its European development and double its assets within five years.
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Cortal Consors
Cortal Consors, a company of BNP Paribas, is the leading European broker in personal investing and online trading and offers to more than one million customers a complete range of products and investment services through various distribution channels. Cortal Consors is present in 6 European countries: Germany, France, Spain, Belgium, Luxemburg, and Italy.

BNP Paribas Asset Management
BNP Paribas Asset Management is a major player in the management and distribution of funds in Europe, with 195.6* billion euros of assets under management (as of 30th June 2004). It has over 1300 staff working in asset management, spread across twenty countries. Its management teams operate in the major global financial marketplaces, including Paris, London, New York, Tokyo and Hong Kong. They have broad specialisations in asset classes, management styles and geographical zones.
* All figures include our affiliates