Shinhan BNP Paribas Asset Management
Shinhan BNP Paribas Asset Management (신한 BNP Paribas 자산운용) is an asset management company headquartered in Seoul, South Korea. It is one of the largest asset management companies in Korea, with more than US$41 billion of assets under management, and 199 employees as of end of June, 2017.
Romanized name | 신한 BNP Paribas 자산운용 (Shinhan BNP Paribas) |
|---|---|
| Type | Joint venture |
| Industry | Finance |
| Founded | 1996 |
| Headquarters | Seoul, South Korea |
Key people | Min Jung-Kee, CEO |
| Revenue |  Won ₩36.755 billion (1st Half, 2017) |
| Won ₩12.724 billion (1st Half, 2017) | |
| Won ₩9.489 billion (1st Half, 2017) |
Overview
It is a joint venture between South Korea's largest group, Shinhan Financial Group and the French asset manager, BNP Paribas. In January 2009, the company was created when Shinhan BNP Paribas Investment Trust Management and SH Asset Management merged. The joint venture with BNP Paribas Asset Management is formed since 2002, when BNP Paribas Asset Management acquired a 50% stake of then Shinhan BNP Paribas Investment Trust. Currently, Shinhan Financial Group owns 65% shake, while BNP Paribas Asset Management owns 35% shake of the company.
Leadership
Current CEO of Shinhan BNP Paribas Asset Management is Mr. Jung-Kee Min since March 2015. Prior to joining Shinhan BNP Paribas Asset Management, he was the CFO and Deputy CEO of Shinhan Financial Group. Mr. Min is one of the members of the Executive Committee of Shinhan Financial Group. Other key executives of Shinhan BNP Paribas Asset Management are Mr. Frederic Thomas, Deputy CEO responsible for investments and product development and Mr. In-Cheol Park, Deputy CEO responsible for sales and marketing of the company.
The company provides investment products across all type of asset classes to the South Korean retail and institutional investors.
Brief history
- 1982/07: Establishment of Shinhan Bank
- 1996/08: Foundation of Shinhan Investment Trust Management with a capital of ₩30bn.
- 1999/01: The total Assets Under Management (AUM) reach ₩10,000bn.
- 2000/06: The capital is increased of ₩10bn.
- 2002/10: BNP Paribas acquires 50% of Shinhan Investment Trust Management.
The name is changed to Shinhan BNP Paribas Investment Trust Management. - 2005/10: 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: Shinhan BNP Paribas Asset Management (Shinhan Financial Group 65%, BNP Paribas Group 35%)
- 2010/08: Established Shinhan BNPP HK office with Type 4&9 licenses regulated by SFC.
- 2011/12: Launched Industry's 1st ever Hedge Fund Myongjang APAC Equity L/S.
- 2013/10: Launched Industry's 3rd Korean Equity Long/Short Fund.
- 2014/02: Launched Industry's 1st Korean Asia Long/Short Fund.
- 2014/10: First Korean AMC to Gain RQFⅡ quota.
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