BNP Paribas, AXA, Carmignac Gestion, Edmond de Rothschild, Oddo, Natixis and Rothschild & Cie, outline plans for the future, including for UK and MENA.
|William De Vijlder,
BNP Paribas Investment Partners
An integral part of our strategy is to grow the business in Asia – it’s attractive from so many points of view, as compared to the developed markets.
Axa Investment Managers
The Middle East is a very important market because of the presence of the sovereign wealth funds, the emergence of new institutions and private banks. We manage assets for our Middle East clients but don’t have any investment management teams based in the region at the moment.
We are looking outside Europe, thanks to the demands we receive from prospects around the world. In fact we already registered our funds in Singapore to serve European clients willing to sell them from there. At the moment our priority is to consolidate our positions as foreign asset managers leaders in each of the major European markets. The UK market is clearly a key market we want to challenge next year before considering other steps to our future development.
Rothschild & Cie Gestion
We could look to target the UK institutional market and are currently working on our consultant relationships there. The next institutional investors to tap into would be those in the Middle East and Asia, but first we’re looking to build an emerging markets capability. We’re currently recruiting and we’ll hopefully see product coming to market over the next 18 months to two years.
Edmond de Rothschild Investment Managers
We’re expanding the remit of Edmond de Rothschild Investment Managers, which has, historically, worked primarily with institutional clients. The firm will now also provide solutions to other partner-distributors, including private banks and multi-managers and independent financial advisors. Clients outside of France are becoming more important. We distribute our funds in Spain, Italy, Belgium and Switzerland, where people realise that a product such as ours can give a better yield than a money market fund.
|Jean-Philippe Taslé d’Heliand,
Oddo Asset Management
Over a three-year horizon, we aim to become one of the big European specialist asset managers among institutional investors and distribution platforms across Europe. To do this we need products we don’t have today. We believe in alternatives and through the Banque d’Orsay merger we have capabilities that will allow us to put alternative products to market.
Natixis Global Asset Management
Our parent bank is in a much better situation giving us more capacity to invest. For example, we want to strengthen our distribution in Asia and are looking actively for a partner in India for both manufacturing and distribution. We’re also looking to set up business development offices in the Nordics and the Netherlands. We also want to develop a smart ETF capability with the help of an experienced team.