BNP Paribas Asset Management has acquired a majority stake in robo-adviser Gambit Financial Solutions, as a result of a "major rethink" of customer experience offered by the firm.
Gambit will maintain its independence from BNP Paribas AM, but the transaction will allow it to extend its client footprint by becoming the preferred robo-advisory partner for the firm's retail and wealth management network. Launched in 2007, Gambit operates with a team of more than 50 professionals, providing investment advisory solutions across Europe. BNP Paribas said transforming client expectations and the changing needs of the customer were the main drivers for the acquisition. BNP Paribas AM hires former Pioneer CEO for senior sales role Geoffroy de Schrevel, CEO of Gambi...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
