AIFMD licence enriches BNP Paribas Investment Partners’ offering for all European Investors
BNP Paribas Investment Partners (BNPP IP) has been granted authorisation to operate as an AIF Manager under the European Union’s Alternative Investment Fund Managers Directive in France, the Netherlands, Luxembourg and Belgium. BNPP IP is amongst the first asset managers to be allowed to offer both UCITS as AIFMD investment funds in the four countries, enriching its comprehensive range of funds for all European investors.
BNPP IP is delighted to have been awarded AIF Manager licences in France, the Netherlands, Luxembourg and Belgium. These licences will allow BNPP IP to offer a wide range of alternative funds to both retail and institutional clients, in addition to the funds that it can offer retail investors under the UCITS framework of EU rules. BNPP IP currently manages about 900 alternative investment funds. With these licences, around 50 funds can be passported for distribution in a wider number of European countries, allowing institutional clients easy access to the products.
Charlotte Dennery, COO of BNP Paribas Investment Partners, said: “We are amongst the first asset managers in Europe to have both UCITS as AIFMD licences in these four countries. This will allow us to offer both local and global solutions to our global client base and make sure that these are fully adapted to the growing requirements of European investors in terms of transparency, security and risk control. Being able to offer UCITS as well as AIF funds to all European investors has been a cornerstone of our international expansion plans”.
About AIFMD
Alternative Investment Fund Management Directive (AIFMD) is a European directive which aims at providing a harmonised regulatory and supervisory framework for managers of Alternative Investment Funds (AIFs) within the EU. It sets rules regarding the organisation and conduct of business of the managers, imposes certain new requirements on the AIFs and allows their marketing to professional investors via a passport throughout Europe. (Source: pwc.lu)
(1) Source: BNP Paribas Investment Partners, as of 30 June 2014, assets under management and advisory
(2) Source: BNP Paribas Investment Partners, as of 30 June 2014
Press Contacts
BNP Paribas Investment Partners
Sarah Marteleur: +32 (0)2 274 84 28, sarah.marteleur@bnpparibas.com
BNP Paribas Fortis
Hilde Junius: +32 (0)2 565 47 37, hilde.junius@bnpparibasfortis.com
About BNP Paribas Investment Partners
BNP Paribas Investment Partners is the dedicated, autonomous asset management arm of BNP Paribas Group. It offers the full range of asset management services to both institutional and retail clients around the world. A client-centric organisation, BNP Paribas Investment Partners is structured around three business lines: institutional, distribution and Asia Pacific & Emerging Markets. We have globally some 700 investment professionals (1), each specialising in a particular asset class or product type. Our total assets under management are EUR 497 billion(1). BNP Paribas Investment Partners is the 7th largest asset manager in Europe(2).
