BNP Paribas Investment Partners is the independently operated asset management arm of the French financial services giant, BNP Paribas S.A. (EPA: BNP). The firm offers a wide selection of investment strategies to institutional investors including central banks, public and private pension funds, endowments, charities and corporations. It also handles sub-advised funds for separate operating units within the BNP Paribas family and other external fund distribution partners. As of Dec. 31, 2015, BNP Paribas Investment Partners had $582.97 billion in assets under management (AUM) including sub-advised funds.
BNP Paribas Investment Partners is a global investment firm serving clients in 70 countries through a network of investment centers spanning five continents. The firm's investment operations are organized around numerous independent investment teams, each focused on a single area of expertise. Each team enjoys substantial research and decision-making autonomy to pursue new investment insights and innovative investment solutions for clients.
BNP Paribas Investment Partners maintains local research operations in 23 countries, producing first-hand research and distributing market-, country- and region-specific insights across the organization. All told, BNP Paribas Investment Partners has more than 600 portfolio managers, investment strategists and research analysts working around the world to deliver focused expertise across a diverse range of asset classes, geographies and investment approaches.
Alongside its commitment to internal autonomy and decision-making independence, BNP Paribas Investment Partners is also committed to disciplined and comprehensive risk management at both the team and firm levels. Every investment team has an internal risk management expert who conducts ongoing strategy and portfolio evaluations. The firm also has an independent risk management team that leverages proprietary and third-party technology to monitor and manage team and firm-wide risk.
BNP Paribas Investment Partners offers a full range of investment strategies covering developed- and emerging-market equities and fixed-income investments. Its developed-market equity products target a variety of geographies, industrial sectors and market capitalizations. The firm's developed-market fixed-income strategies are even more diverse, covering all major investment styles and bond market sectors across a range of countries and regions. Convertible bond strategies, structured credit strategies and absolute return strategies are also available. On the emerging market side, BNP Paribas Investment Partners delivers a variety of single- and multi-asset class options across 16 emerging-market countries in Asia, Latin America and Europe.
Multi-asset products include objective-based investment strategies such as income funds, total return strategies, dynamic risk management solutions and life-cycle funds. BNP Paribas Investment Partners delivers a variety of tailored multi-asset products for pension funds, insurance companies and other institutions requiring fiduciary management solutions and liability-driven investment (LDI) products. The firm also provides a range of strategies to fulfill socially responsible investment (SRI) mandates.
Among its other products, BNP Paribas Investment Partners offers smart beta strategies, private equity and hedge fund solutions, and solutions for employee savings plans and company retirement plans. It also offers advisory services to help clients select a mix of internal and external funds to fulfill specific investment objectives or policy requirements.
Frédéric Janbon has served as chief executive officer (CEO) of BNP Paribas Investment Partners since 2015. He is responsible for developing the firm's global operations. Janbon joined BNP Paribas Investment Partners in 1989, working in a variety of managerial and staff positions over the years. Prior to his current role, Janbon served as global head of fixed income at the firm from 2005 to 2014. He completed his education at AgroParisTech, a member institution of the Paris Institute of Technology.
David Kiddie is CEO of institutional investments at BNP Paribas Investment Partners, a position he has held since 2014. He is responsible for the performance and development of the firm's institutional asset management business. Prior to joining BNP Paribas Investment Partners, Kiddie served as chief investment officer (CIO) at AMP Capital Investors, an Australian investment manager. He has also held leadership positions at ABN AMRO Asset Management and other investment management companies. Kiddie completed an undergraduate degree in economics at the University of Kent at Canterbury.