Shinhan BNP Paribas Asset Management
Encyclopedia
Shinhan BNP Paribas Asset Management (신한 BNP Paribas 자산운용 in 한글) is an asset management company headquartered in Seoul, Korea. It is a joint venture between Shinhan Financial Group
Shinhan Financial Group
Shinhan Financial Group Co., Ltd. is a South Korean financial holding company. As of 2007, Shinhan is the largest financial company in Korea; Shinhan Bank, its main subsidiary, is the first among banks....

 and the French financial group, BNP Paribas
BNP Paribas
BNP Paribas S.A. is a global banking group, headquartered in Paris, with its second global headquarters in London. In October 2010 BNP Paribas was ranked by Bloomberg and Forbes as the largest bank and largest company in the world by assets with over $3.1 trillion. It was formed through the merger...

. In January 2009, the company was created when Shinhan BNP Paribas Investment Trust Management and SH Asset Management merged. Shinhan BNP Paribas Investment Trust Management was created in 1996 as Shinhan Investment Trust Management and in 2002, the name changed to Shinhan BNP Paribas when BNP Paribas acquired a 50% stake.

As the first CEO of Shinhan BNP Paribas Asset Management, Choi Bhang-Gil was appointed on January 2, 2009. Prior to joining Shinhan BNP Paribas, Choi was deputy CEO of SH Asset Management.

Shinhan BNP Paribas Asset Management has now more than 187 employees and more than KRW 34 trillion of assets under management
Assets under management
Assets under management is a financial term used denote the market value of funds being managed by a financial instutition on behalf of its clients, investors, depositors, etc. This metric is a sign of size and success against competition...

 (AUM) as of July 2009.

Brief history

  • 1996/08/01 : Foundation of Shinhan Investment Trust Management with a capital of ₩30bn.
  • 1999/01/28 : The total Assets Under Management (AUM) reach ₩10,000bn.
  • 2000/06/16 : The capital is increased of ₩10bn.
  • 2002/10/24 : BNP Paribas acquires 50% of Shinhan Investment Trust Management.
    The name is changed to Shinhan BNP Paribas Investment Trust Management.
  • 2005/10/01 : 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.
  • 2009/01/01: Establishment of Shinhan BNP Paribas Asset Management and appointment of new CEO Choi Bhang-Gil

Product and services

Shinhan BNP Paribas offers a wide range of products, including :
  • fixed income
    Fixed income
    Fixed income refers to any type of investment that is not equity, which obligates the borrower/issuer to make payments on a fixed schedule, even if the number of the payments may be variable....

     products,
  • domestic equities products,
  • hybrid products,
  • Money Market Fund
    Money fund
    A money market fund is an open-ended mutual fund that invests in short-term debt securities such as US Treasury bills and commercial paper. Money market funds are widely regarded as being as safe as bank deposits yet providing a higher yield...

     products (MMF
    MMF
    -Science, technology, and medicine:*Magnetomotive force*Methoxymethylfurfural, an intermediate in the production of renewable plastics and biofuels*Micro-Mechanics of Failure, a failure theory for fiber reinforced composites...

    )
  • derivative
    Derivative
    In calculus, a branch of mathematics, the derivative is a measure of how a function changes as its input changes. Loosely speaking, a derivative can be thought of as how much one quantity is changing in response to changes in some other quantity; for example, the derivative of the position of a...

    products,
  • overseas equities products.

External links

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