The alliance will enable BNP Paribas to distribute Carnegie’s product offering in Australia.
While BNP Paribas will provide local client relationship management, client services and operations support, Carnegie will provide the underlying investment management expertise.
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Commenting on the alliance and the increased exposure to Australian investors, Carnegie Asset Management’s CEO and global portfolio manager, Bo Knudsen said: "We are delighted to be partnering with BNPP IP in Australia to extend our global equity product offering in the local market."
"We were looking to further our client reach by partnering with a strong distributor, and BNPP IP has demonstrated proven success in this regard with other investment partners," Knudsen added.
BNPP IP’s latest global equities partner, chief executive, David Grybas remarked: "The alliance fits with BNPP IP’s strategy of bringing best of breed investment solutions to Australian investors."
"With its experienced investment team, strong performance culture and long tradition in active portfolio management, we found Carnegie Asset Management to be a great addition to our multi-specialist model," Grybas added.
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