BNP Paribas Merges Sigma, Harewood to Create Theam Fund Unit
By Fabio Benedetti-Valentini - Mar 16, 2011 1:54 AM GMT+0900
BNP Paribas (BNP) SA, Europe’s largest bank, combined its Sigma and Harewood asset-management units to create Theam, a division specializing in exchange-traded funds and alternative management.
Theam will be headed by Gilles Guerin, Paris-based BNP Paribas said today in a statement. The unit has about 49 billion euros ($68.5 billion) under management and aims to double the amount over five years, the bank said.
To contact the reporter on this story: Fabio Benedetti-Valentini in Paris at fabiobv@bloomberg.net.
To contact the editor responsible for this story: Frank Connelly at fconnelly@bloomberg.net.
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