Published by Global Banking & Finance Review®
Posted on October 28, 2025
1 min readLast updated: January 21, 2026
BNP Paribas is open to partnering with UniCredit on asset management if UniCredit's deal with Amundi ends in 2027, says CEO Jean-Laurent Bonnafe.
PARIS (Reuters) -BNP Paribas would be open to developing an asset management partnership with Italy's UniCredit if the Italian lender ends its distribution agreement with Amundi in mid-2027, Chief Executive Jean-Laurent Bonnafe said on Tuesday.
"Of course, we're open to any kind of partnership with any kind of platforms, commercial banks, private banks... that would need high-quality assets, asset management," Bonnafe told analysts in a call, when asked about BNP's interest in pitching UniCredit.
"It's the normal game. They have... rebuilt in-house some capacity within the asset management space, but for sure, there will be some room for new partners," he said.
(Reporting by Mathieu Rosemain, editing by Inti Landauro)
Asset management is the systematic process of developing, operating, maintaining, and selling assets in a cost-effective manner. It involves managing investments on behalf of clients to achieve specific financial goals.
A partnership in finance refers to a business arrangement where two or more parties agree to manage and operate a business together, sharing profits, losses, and responsibilities.
A commercial bank is a financial institution that provides services such as accepting deposits, providing loans, and offering basic investment products to individuals and businesses.
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