Shinhan BNP Paribas Asset Management

Shinhan BNP PARIBAS Asset Management
Type	Joint venture
Industry	Finance
Founded	1996
Headquarters	Seoul, Korea
Key people	Choi Bhang-Gil, CEO
Revenue	Won ₩21,085 billion(2006)
Operating income	Won ₩11,165 billion(2006)
Net income	Won ₩11,037 billion(2006)
Website	http://www.shbnppam.com/

Shinhan BNP Paribas Asset Management (신한 BNP Paribas 자산운용 in 한글) is an asset management company headquartered in Seoul, Korea. It is a joint venture between Shinhan Financial Group and the French financial group, BNP Paribas. In January 2009, the company was created when Shinhan BNP Paribas Investment Trust Management and SH Asset Management merged. Shinhan BNP Paribas Investment Trust Management was created in 1996 as Shinhan Investment Trust Management and in 2002, the name changed to Shinhan BNP Paribas when BNP Paribas acquired a 50% stake.

As the first CEO of Shinhan BNP Paribas Asset Management, Choi Bhang-Gil was appointed on January 2, 2009. Prior to joining Shinhan BNP Paribas, Choi was deputy CEO of SH Asset Management.

Shinhan BNP Paribas Asset Management has now more than 187 employees and more than KRW 34 trillion of assets under management (AUM) as of July 2009.

Brief history

1996/08/01 : Foundation of Shinhan Investment Trust Management with a capital of ₩30bn.
1999/01/28 : The total Assets Under Management (AUM) reach ₩10,000bn.
2000/06/16 : The capital is increased of ₩10bn.
2002/10/24 : BNP Paribas acquires 50% of Shinhan Investment Trust Management.
The name is changed to Shinhan BNP Paribas Investment Trust Management.
2005/10/01 : Appointment of a new CEO, Jean Audibert.
2006/04: Shinhan Bank becomes the majority owner of SH Asset Management.
2007/12: Shinhan Bank owns 100% of SH Asset Management.
2008/09: MOU between Shinhan Financial Group and BNP Paribas was reached to establish a joint asset management company.
2009/01/01: Establishment of Shinhan BNP Paribas Asset Management and appointment of new CEO Choi Bhang-Gil

Product and services

Shinhan BNP Paribas offers a wide range of products, including :

fixed income products,
domestic equities products,
hybrid products,
Money Market Fund products (MMF)
derivative products,
overseas equities products.

External links

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