BNP Paribas swoop on AXA fund business fuels hopes for more …

Aug 2, 2024 · BNP Paribas' talks to buy the investment business of insurer AXA will trigger more deals, bankers say, as European money managers seek to fend off U.S. rivals and as …

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The Takeover Of AXA IM By BNP Paribas From An ETF Point Of View

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Aug 6, 2024 · From a European fund industry perspective, the combination of BNP Paribas (€263.5 bn) and AXA IM (€193.7 bn) would have created the fifth largest promoter of mutual …

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FAQs about BNP Paribas swoop on AXA fund business fuels hopes for more … Coupon?

Will BNP Paribas buy AXA?

REUTERS/Sarah Meyssonnier/File Photo Purchase Licensing Rights PARIS/LONDON, Aug 2 (Reuters) - BNP Paribas' (BNPP.PA) talks to buy the investment business of insurer AXA (AXAF.PA) will trigger more deals, bankers say, as European money managers seek to fend off U.S. rivals and as customers demand cheap technology-driven investing. ...

What happened between BNP & AXA?

After a slow build-up, talks accelerated over the past few weeks, culminating in conversations between BNP and AXA - led by BNP CEO Jean-Laurent Bonnafé and AXA CEO Thomas Buberl - that finalised the deal, said one of the people. ...

Is AXA a big deal?

It is also one of the largest deals in asset management in the past few years. Goldman Sachs acquired Netherlands-based asset manager NN Investment Partners for 1.7 billion euros in 2022 but there have been few big deals since. AXA was advised by JPMorgan and Zaoui & Co, while BNP had its own internal advisory team, two of the people said. ...

Will other European banks follow BNP Paribas?

BNP Paribas and AXA both declined to comment. Jefferies' Dickerson predicted that other European banks would follow BNP in expanding in fund management, searching for ways to drum up fees. ...

Will BNP-AXA be able to compete with Amundi?

Moreover the deal, which allows AXA to slim down and focus capital on traditional insurance, gives BNP a much-needed leg up in asset management. The combined BNP-AXA business will have a credible presence in hot areas like credit, and scale to help compete with the likes of Amundi. ...

How much is AXA Investment Managers worth?

The French bank revealed on Thursday it was in exclusive negotiations to buy AXA Investment Managers for more than 5 billion euros ($5.5 billion), creating one of Europe's biggest fund groups with around 1.5 trillion euros of assets. ...