BNP Paribas open to partnership with UniCredit on asset management products, CEO says

Amundi SA

28/10/2025 14:06

PARIS, Oct 28 (Reuters) - BNP Paribas BNPP.PA would be open to developing an asset management partnership with Italy's UniCredit CRDI.MI if the Italian lender ends its distribution agreement with Amundi AMUN.PA 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)

 ((mathieu.rosemain@tr.com))