{"id":17469,"date":"2011-03-17T11:38:30","date_gmt":"2011-03-17T10:38:30","guid":{"rendered":"http:\/\/beta.next-finance.net\/news\/bnp-paribas-investment-partners-and-bnp-paribas-cib-announce-the-creation-of-theam\/"},"modified":"2011-03-17T11:38:30","modified_gmt":"2011-03-17T10:38:30","slug":"bnp-paribas-investment-partners-and-bnp-paribas-cib-announce-the-creation-of-theam","status":"publish","type":"post","link":"http:\/\/beta.next-finance.net\/en\/news\/bnp-paribas-investment-partners-and-bnp-paribas-cib-announce-the-creation-of-theam\/","title":{"rendered":"BNP Paribas Investment Partners and BNP Paribas CIB announce the creation of THEAM"},"content":{"rendered":"<p class=\"post_excerpt\">THEAM will combine BNP Paribas Asset Management&#8217;s SIGMA teams with those of Harewood Asset Management which was created in 2004 at the initiative of BNPP CIB&#8217;s Equity Derivatives teams.\n<\/p>\n<p><!--more--><br \/>\nTHEAM is an investment Partner that will specialise in index, active systematic, guaranteed and alternative portfolio management, and the result of a joint project between BNP Paribas CIB and BNP Paribas Investment Partners. THEAM will combine BNP Paribas Asset Management&#8217;s SIGMA teams with those of Harewood Asset Management (Harewood AM) which was created in 2004 at the initiative of BNPP CIB&#8217;s Equity Derivatives teams. Gilles Gu\u00e9rin has joined BNPP IP as CEO of THEAM.<\/p>\n<p><strong>MERGER OF TWO SPECIALISTS WITH COMPLEMENTARY SKILLS<\/strong><\/p>\n<p>With the growing convergence of the portfolio management techniques used by asset managers and capital markets expertise developed by corporate and investment banking groups, the proposal to merge Harewood AM and SIGMA was a logical move that aligns with the latest investor expectations in terms of liquidity, innovation and market access. The joint venture means the two entities can support one another and combine their respective strengths to better serve their clients.<\/p>\n<p>THEAM will draw in part on the SIGMA team\u2019s acknowledged expertise in index and guaranteed portfolio management, risk allocation and absolute return strategies, while Harewood AM will provide its expertise in systematic funds, the use of innovative underlying assets and funds of hedge funds. <\/p>\n<p>By pooling the strengths of BNP Paribas CIB and BNP Paribas IP, THEAM benefits from the best practices of both<br \/>\ninvestment banking and asset management \u2013 thus offering innovation, responsiveness, transparency and security<br \/>\nwithin a culture of long-term performance and solid customer relations.<\/p>\n<p><strong>A WIDE RANGE OF INVESTMENT SOLUTIONS<\/strong><\/p>\n<p>The aim of the merger is to offer investment solutions that meet the needs of investor profiles across a broad spectrum of underlying assets (equities, bonds, commodities, volatility, currencies, etc.) and through the skilled application of an extensive range of investment styles. THEAM has been created to meet each investor&#8217;s specific requirements. The new entity will offer four main categories of portfolio management services:<br \/>\n&#8211; <strong>Index management :<\/strong> via total or optimised cash or synthetic replication, its indexed funds offering and its EasyETF tracker funds are centred on the world&#8217;s leading financial indices.<br \/>\n&#8211; <strong>Active systematic:<\/strong> based on algorithms and implemented by portfolio managers specialising in the use of arbitrage techniques, THEAM\u2019s management approach ranges from full discretionary to full<br \/>\nsystematic. It is distinctive in its predominantly quantitative component, which provides optimised access to the various asset classes..<br \/>\n&#8211; <strong>Guaranteed and protected management :<\/strong> From passive management with formulas funds to active management, THEAM offers protected or guaranteed solutions where the risky assets, or the<br \/>\nguaranteed component, or both, are actively managed.<br \/>\n&#8211; <strong>Liquid alternative management:<\/strong> THEAM offers its internal absolute return strategies under UCITS III funds, and also selects and assembles hedge funds and managed account to create liquid and<br \/>\ntransparent portfolios.<\/p>\n<p><strong>MAJOR AMBITIONS<\/strong><\/p>\n<p>With some EUR 50 billion in assets under management1, the new Partner will be a market leader both in its size and the extent of its skills. Comprising 120 investment and market professionals, THEAM will be backed by the sales forces of both BNP Paribas IP and BNP Paribas CIB &#8211; over 400 sales representatives and a current portfolio of 1 500<br \/>\nclients. With five domestic markets (France, Italy, Belgium, the Netherlands and Luxembourg), it will benefit from an exceptional distribution network and will be able to tap into the convergence ushered in by UCITS IV.<\/p>\n<p>THEAM aims to double its AUM over the next-five years. It is also determined to develop selectively its index capability, to significantly expand its active systematic management expertise, reinforce its European leadership in guaranteed and protected products, and become an international player in liquid and transparent alternative<br \/>\ninvestments. THEAM will continue to draw on BNP Paribas CIB\u2019s innovative strength and quantitative research to develop systematic strategies. The merged entity will provide global investment solutions to its European clients and aims to expand in Asia and North America.<\/p>\n<p><strong>ORGANISATION<\/strong><\/p>\n<p>As a new BNP Paribas IP Partner, THEAM will be chaired by Dominique Hoenn and managed by Gilles Gu\u00e9rin as CEO. Gilles Gu\u00e9rin will be assisted by Denis Panel (CIO) as Head of Investment and Structuring, and Alexandre Mojaisky (COO) as Head of Sales and Support. THEAM will have a Supervisory Board comprising six members (three from BNP Paribas IP and three from BNP Paribas CIB) and which will be chaired by Philippe Marchessaux.<\/p>\n<p><em>\u00ab This ambitious project, which brings together the talents and skills in both corporate and investment banking and asset management, offers a unique opportunity for investors to access a vast range of investment solutions, and I am delighted that Gilles Gu\u00e9rin has agreed to take the helm \u00bb<\/em>, said <strong>Philippe Marchessaux, CEO of BNP Paribas<br \/>\nInvestment Partners.<\/strong> <\/p>\n<p><strong>Yann G\u00e9rardin, Head of Global Equities and Commodity Derivatives at BNP Paribas CIB<\/strong> added : <em>\u00ab This new entity will give clients the benefit of CIB\u2019s innovation and research, combined with Asset Management\u2019s expertise in developing tailored investment solutions.. \u00bb<\/em>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>THEAM will combine BNP Paribas Asset Management&#8217;s SIGMA teams with those of Harewood Asset Management which was created in 2004 at the initiative of BNPP CIB&#8217;s Equity Derivatives teams.<\/p>\n","protected":false},"author":20,"featured_media":17467,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1470],"tags":[1687,1743,1655,1658,1671,1674,1651,2007,1755,2006,1773,1812,2005,2004],"_links":{"self":[{"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/posts\/17469"}],"collection":[{"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/users\/20"}],"replies":[{"embeddable":true,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/comments?post=17469"}],"version-history":[{"count":0,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/posts\/17469\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/media\/17467"}],"wp:attachment":[{"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/media?parent=17469"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/categories?post=17469"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/tags?post=17469"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}