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BNP inks Taiwanese asset management JV

Date: 24 Jan 2010

The asset management arm of BNP Paribas has signed a deal with Taiwan Cooperative Bank to form a joint-venture company. The match appears to be a promising one as the island’s financial markets continue to develop.

Keywords (click to search): [BNP Paribas Investment Partners] [Taiwan Cooperative Bank] [Deng-Cheng Liu] [Philippe Marchessaux]

Leigh Powell
BNP Paribas Investment Partners has signed a deal with Taiwan Cooperative Bank (TCB) to form a joint-venture asset management firm in the country.

The two firms are seeking to capitalise on a common distribution platform to provide funds and other investments to meet the needs of Taiwanese investors.

The match is a good one, given that TCB has 300 branches while BNP Paribas Investment Partners is a global asset manager operating in 45 countries throughout Europe, Asia and the Americas.

The growth prospects for asset management in Taiwan are considerable. In November last year, Taiwanese and Chinese authorities signed a memorandum of understanding (MOU) to allow greater financial and economic cooperation between the two...

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