BNP Paribas IP announces strategic alliance
BNP Paribas Investment Partners has entered into a strategic alliance with US-based global value equity specialist, Barrow, Hanley, Mewhinney & Strauss (Barrow Hanley) to help service the Australian and New Zealand markets.
The company said that via the alliance, BNP Paribas Investment Partners would be the exclusive distributor of Barrow Hanley’s investment expertise in Australia and New Zealand.
Commenting on the alliance, Barrow Hanley managing director, Robert Barkley said the alliance would expand the reach of the company’s global value equity offering to Australian and New Zealand investors.
For his part, BNP Paribas IP chief executive, David Grybas said the alliance fitted with the company’s objective of providing Australian and New Zealand investors with the full circle of asset management expertise.
“Adding a global value equity manager to our range allows us to further meet client demand for global strategies,” he said. “We conducted an extensive search to find a global value equity partner who we felt would provide compelling investment opportunities for our clients. Barrow Hanley’s experienced and stable investment team, strong performance culture and disciplined value process convinced us that they were a great choice.”
AUTHOR
Mike Taylor
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