The bank for a changing world

Major multimanagement success in Italy for BNP Paribas Asset Management

  • 24.07.2001
BNP Paribas Asset Management won the multimanagement Request For Proposal initiated by Banca Popolare di Verona's insurance company: BPV Vita.

With an objective of 200 million euros for 2001 and one billion euros within three years, the mandate deals with the management of four balanced funds of funds offered in a life insurance contract. These funds provide different levels of risk-performance as a result of an increasing exposure to equities,
By selecting and combining theses funds of funds, BNP Paribas Asset Management proposes simplified access to the largest managers worldwide, while seeking to maximise performance and minimise risk.

This new business success reflects BNP Paribas Asset Management's leadership strategy in the multimanagement activity. It coincides with the Parselect launch in France, targeting distributors with a range of products, an Internet site, and a transactional platform.
Press contact(s)
Press contacts:

Agathe Heinrich 01 42 98 15 91
Henri de Clisson 01 40 14 65 14