Spanish manager Renta 4 Banco has acquired BNP Paribas Personal Investors, the online broker of BNP Paribas in Spain which is mostly aimed at retail investors. Through the operation, Renta 4 Banco seeks to grow within the investment services business as well as consolidating its position as an intermediary platform, by incorporating BNP Paribas' unit of more than 18,000 clients - both retail and institutional - whose assets under management amount collectively to €1.25bn. The operation,...
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