“BNP Paribas considers asset management a core and strategic profession, and has no intention to sell it”

Philippe Marchessaux, head of the asset management firm at BNP Paribas, does not deny that some adjustments are necessary at BNP Paribas IP, due to some activities having become less profitable than others. But, despite the rumours, there is no question of selling a profession that the group Marchessaux belongs to considers a core and strategic activity. The firm has set an ambitious roadmap which will now lead it to target institutional clients. As Marchessaux has detailed for Newsmanagers, the firm has strengths to crow about.
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