BNP Paribas takes bite of Korean pensions market

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FRANCE/KOREA - BNP Paribas Asset Management has signed a 50/50 joint venture deal with Korea's Shinhan Financial Group to set up a new investment trust management company.

The deal sees BNP Paribas take a stake in the Korea’s burgeoning private pensions market. According to the terms of the agreement, BNP Paribas will acquire half of existing subsidiary, the Shinh...

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