Business Recorder - Business & Finance https://www.brecorder.com/ Business Recorder en-Us Copyright 2026 Thu, 13 Aug 2026 17:17:16 +0500 Thu, 13 Aug 2026 17:17:16 +0500 60 BNP to merge fund management units into "Theam" https://www.brecorder.com/news/7092/bnp-to-merge-fund-management-units-into-qtheamq <p class="MsoPlainText"><img style="margin-right: 10px; margin-bottom: 10px; float: left;" src="https://i.brecorder.com/images/stories/pics2011/mar/bnp-paribas-400.jpg" width="400" height="491" />PARIS: France's biggest listed bank BNP Paribas announced on Tuesday the details of a merger of two fund management units, Sigma and Harewood Asset Management, in a bid to boost cross-selling and growth.</p> <p class="MsoPlainText">The new entity, to be called "Theam", will aim to double its assets in five years from 50 billion euros, BNP said in a statement on Tuesday. The deal should allow for more cross-selling on the back of popular but low-margin ETF products, analysts say. It would also better compete against arch-rival Societe Generale's Lyxor Asset Management.</p> <p><center><b><i>Copyright Reuters, 2011</i></b><i></i><br /></center></p> PARIS: France's biggest listed bank BNP Paribas announced on Tuesday the details of a merger of two fund management units, Sigma and Harewood Asset Management, in a bid to boost cross-selling and growth.

The new entity, to be called "Theam", will aim to double its assets in five years from 50 billion euros, BNP said in a statement on Tuesday. The deal should allow for more cross-selling on the back of popular but low-margin ETF products, analysts say. It would also better compete against arch-rival Societe Generale's Lyxor Asset Management.

Copyright Reuters, 2011

]]> Business & Finance https://www.brecorder.com/news/7092 Tue, 15 Mar 2011 09:50:21 +0500 none@none.com (Syed Murtaza Gheblehzadeh)