BNP Paribas has been selected by Fineco Asset Management (FAM) to provide a full range of investment banking services to their equities and fixed income ETFs, listed on the Italian Stock Exchange.
FAM, an Irish UCITS management company wholly owned by FinecoBank S.p.A. has decided to enter the ETF market to diversify and enhance FinecoBank’s product offering.
BNP Paribas’s Global Markets division has been appointed to structure and design the newly- launched ETFs, which will help support FAM’s strategic positioning for long-term growth in the passive investment market.
In addition, the Securities Services division of BNP Paribas will be providing global custody, depositary banking, fund administration and transfer agency services as well as OTC derivative valuation for this new range of ETFs in Ireland.
BNP Paribas Asset Management (BNPP AM) will be the Delegated Manager of the ETF fixed income solutions. Sustainable reference indexes have been jointly selected by FAM and BNPP AM.
Stefano Sbranchella, Head of Global Markets Italy at BNP Paribas, said: “We are honoured to be the main partner for the structuring and designing of the FAM ETFs. Our strong operational and IT platform allows customers to leverage on existing economies of scale and achieve efficiency even at start. Such a lean set-up provides FAM with a substantial comparative advantage which will be the key for the success of the newly-launched FAM ETFs.”
Andrea Cattaneo Head of Securities Services Italy, Switzerland & Iberia, at BNP Paribas, said: “We are proud to consolidate our long-standing partnership with FAM in Ireland with this strategic project and to have helped them prepare for this innovative product launch. This is also the result of a strong collaboration between different business lines, allowing FAM to benefit from our integrated bank approach.”
Marco Barbaro, Country Head of BNP Paribas Asset Management Italy, commented: “We are very pleased to work in partnership with FAM in this pioneer project, which recognizes our long dated experience in Index management and our unique franchise in sustainable investing.”
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About Global Markets at BNP Paribas
BNP Paribas Global Markets, part of BNP Paribas’ Corporate and Institutional Bank, provides cross-asset investment, hedging, financing, and economics and strategy market intelligence to corporate and institutional clients, and private and retail banking networks. Global Markets’ sustainable, long term business model seamlessly connects clients to capital markets throughout EMEA, Asia Pacific and the Americas, with innovative solutions and digital platforms.
Recognised as a leading European player with global expertise in markets from decades of experience, Global Markets meets the diverse, specific needs of each client with a comprehensive suite of best-in-class services. Through Global Markets, clients can access a full universe of opportunities in Global Equities, Global Macro and Global Credit.
Global Markets’ Sustainable Finance teams aim to facilitate the emergence of a carbon neutral economy and a socially responsible world, innovating new ways to help our clients integrate ESG into all their markets activities, and scaling up sustainable finance markets solutions.
About Securities Services at BNP Paribas
The Securities Services business of BNP Paribas is a multi-asset servicing specialist with local expertise in 35 markets around the world and a global reach covering 90+ markets. This extensive network enables us to provide our institutional investor clients with the connectivity and local knowledge they need to navigate change in a fast-moving world. As of 30 June 2022, Securities Services had USD 11.75 trillion in assets under custody, USD 2.36 trillion in assets under administration and 9,199 funds administered.
About BNP Paribas Asset Management
BNP Paribas Asset Management (‘BNPP AM’) is the investment arm of BNP Paribas, a leading banking group in Europe with international reach. BNPP AM aims to generate long-term sustainable investment returns for its clients, based on a unique sustainability-driven philosophy. BNPP AM’s investment capabilities are focused around five key strategies: High Conviction Strategies, Private Debt & Real Assets, Multi-Asset, Quantitative & Solutions (MAQS), Emerging markets and Liquidity Solutions, with investment processes incorporating quantitative and fundamental analysis.
Sustainability is embedded within BNPP AM’s strategy and investment decision-making. Among the leaders in thematic investment in Europe, BNPP AM contributes to the energy transition, environmental sustainability and the promotion of equality and inclusive growth. BNPP AM currently manages EUR 500 billion of assets (EUR 622 billion of assets under management and advisory) and benefits from the expertise of around 500 investment professionals and around 800 client servicing specialists, serving individual, corporate and institutional clients in 67 countries.
Source: BNPP AM, as at 30 June 2022
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