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BNP Paribas to form portfolio mngt company;offer realty advise.
(From Press Trust of India)
Mumbai, Jun 28 (PTI) BNP Paribas, the French financial services group, is planning to set up a company that will provide discretionary portfolio management services, even as it plans to expand its private banking business in India by adding real estate and art investment advisory services.
"The bank is exploring an option to set up a separate corporate body to offer discretionary portfolio mangement to Indian clients and rope in a local partner for this venture," BNP Pariabas chief executive (private banking) Michel Longhini told reporters here Monday.
The bank already has a licence for non-discretinoary portfolio …
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