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Nov 24, 2008 BNP Paribas Makes Strategic Push into UK IFA Market
BNP Paribas is targeting the UK IFA market as a strategic growth area. The Bank reports that, over the coming years, it is committed to expanding its range of innovative solutions to address the needs of Independent Financial Advisers ("IFAs"). BNP Paribas is developing a comprehensive and coordinated offering for IFAs through a combination of expertise and products from four businesses:

BNP Paribas Securities Services, Europe's leading securities services provider, offers an independent wealth and retirement solutions platform for advisers and distributors - Wealth Manager Solutions. The solution offers access to UK listed equities, investment trusts, investment funds, a range of tax wrappers, online valuations and integrated advisers' tools. The platform allows advisers to focus on their core competencies and, at the same time, offer clients a wide range of products and solutions from providers, including BNP Paribas.

Fund solutions can be accessed through BNP Paribas Investment Partners, the asset management arm of BNP Paribas. These include traditional investment funds under the Parvest brand, (BNP Paribas Investment Partners' flagship umbrella fund) and a full range of multi-manager solutions available through FundQuest UK (formerly IMS UK). These investment solutions are distributed both by IFAs and also as white-label offerings for advisers and insurance/pension companies. BNP Paribas Investment Partners is one of Europe's largest asset managers.

Cardif Pinnacle, which is a subsidiary of BNP Paribas Assurance (the insurance arm of BNP Paribas) provides tax-efficient cash based investments products, which are suitable for the short to medium term, through a combination of service excellence and innovation.

Protected product solutions for IFAs are sold under the Privalto brand, which is a range of FSA-regulated OEIC funds with capital protection, specifically targeted at UK advisers and planners. The range benefits from the expertise of the Bank's award-winning equities and derivatives business. BNP Paribas also offers a range of listed protected products and tactical market timing solutions for discretionary managers and multi-managers through Harewood Solutions.

Ludovic de Montille, Head of Territory for BNP Paribas in the UK said "In today's uncertain markets, financial advisers are looking for strong partners that can deliver new answers to address their needs. BNP Paribas has developed a range of specialised solutions tailored for UK advisers that it will expand over the coming years. Making a strategic commitment to this market is the first step on our growth path."


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