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BNP Paribas open to partnership with UniCredit on asset management products, CEO says
Published by Global Banking and Finance Review
Posted on October 28, 2025
1 min readLast updated: January 21, 2026
Home > Headlines > BNP Paribas open to partnership with UniCredit on asset management products, CEO says
Quick Summary
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.
BNP Paribas Considers Asset Management Collaboration with UniCredit
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)
Key Takeaways
- •BNP Paribas is considering a partnership with UniCredit.
- •The collaboration depends on UniCredit's agreement with Amundi ending in 2027.
- •BNP Paribas is open to partnerships with various financial platforms.
- •Jean-Laurent Bonnafe expressed interest in expanding asset management.
- •UniCredit has rebuilt some in-house asset management capabilities.
Frequently Asked Questions about BNP Paribas open to partnership with UniCredit on asset management products, CEO says
1What is asset management?
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.
2What is a partnership in finance?
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.
3What is a commercial bank?
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.
