BoB, BNP Paribas announce MF JV with Suresh Soni as CEO

The new entity will leverage on the strengths that each partner has developed, to offer products specifically designed for retail and institutional clients in India.

Indian MF industry scaled an all-time high of Rs 35.31 trillion of net AUM as on July 2021 against Rs 31.42 trillion at the end of the last fiscal.

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Chirag Madia Mumbai

2 min read Last Updated : Mar 14 2022 | 5:53 PM IST

Bank of Baroda and BNP Paribas on Monday announced a joint venture to form ‘Baroda BNP Paribas Mutual Fund’.

Bank of Baroda will have a 50.1 per cent stake in the asset management company (AMC), while BNP Paribas Asset Management will hold the remaining 49.9 per cent stake.

Suresh Soni has been appointed the CEO of the merged entity.

The new entity will leverage on the strengths that each partner has developed, to offer products specifically designed for retail and institutional clients in India.

In 2019, Bank of Baroda had announced the merger of Baroda Asset Management India with BNP Paribas Asset Management India

Topics : Mutual Fund Bank of Baroda

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