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BNP Paribas Investment Partners and Fortis Investments combine their operations

On 1 April, the closing of the transaction between BNP Paribas Investment Partners and Fortis Investments was completed. The combined entity is now operating under a single brand name: BNP Paribas Investment Partners.

The integration of Fortis Investments has provided BNP Paribas Investment Partners (BNPP IP), the asset management arm of BNP Paribas, with a new dimension. As a result of the integration, BNPP IP has become the fifth-largest asset manager in Europe and the eleventh-largest in the world, with EUR 530 billion in assets under management and advice (as at 31 December 2009).

BNPP IP's existing multi-specialist investment platform has been complemented and strengthened with new capabilities from Fortis Investments. BNPP IP now has
60 investment centres, each responsible for the management of a specific asset class or type of product, and some 1 200 investment professionals.

The integration has also reinforced BNPP IP's well-established multi-specialist model, which has proven its resilience in a wide range of market conditions. Over the years BNPP IP has adopted a multi-boutique model that combines the advantages of a large, top-tier global asset manager with those of our boutique–like Partners.

BNPP IP has also expanded its geographic presence, extending its presence in Europe, gaining strong positions in Belgium, Luxembourg and the Netherlands to complement existing strong footholds in the French and Italian markets. Furthermore, BNPP IP is now one of the world's premier emerging market managers, with an extensive on-the-ground presence, in-depth local investment knowledge and a full range of emerging market investment solutions. With the addition of new country and product expertise in Asia, it becomes a key growth region for BNP Paribas Investment Partners.
Philippe Marchessaux, CEO of BNPP IP, said: “We are delighted that the closing of the transaction with Fortis Investments is now complete and this is an important moment for our company. Now that we have joined forces, BNP Paribas Investment Partners is able to provide its clients with one of the most comprehensive ranges of investment solutions and services in the market.”

About BNP Paribas Investment Partners
BNP Paribas Investment Partners is the dedicated, autonomous asset management business line of the BNP Paribas Group. BNP Paribas Investment Partners offers a full range of investment management services to institutional and retail clients around the world. Central to the way we work is the concept of partnership – both in terms of how we behave as a family of companies and our relationships with our clients. Around
1200 investment professionals work across our network of some 60 investment centres, each of which is a specialist in a particular asset class or type of product. With total assets under management of EUR 530 billion as of 31 December 2009, BNP Paribas Investment Partners is the fifth-largest asset manager in Europe and the eleventh-largest in the world.
On 1 April 2010, the operations of Fortis Investments were brought together with those of BNP Paribas Investment Partners. Fortis Investments' investment experts and international locations were a natural and complementary fit with BNP Paribas Investments Partners, whose flexible partnership model has proven successful in integrating new expertise in the past. Together, our combined company provides clients with an even broader range of investment solutions and even better client service than before.
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