BNPP AM has created a new Retirement Solutions department to develop opportunities linked to the growth of defined contribution pension savings in Europe through a multi-channel approach, via banks, brokers, corporates and insurers, as well as direct distribution.
The French group has appointed Arnaud Schwebel to lead the new unit and also to be responsible for the operational supervision of BNPP ERE on behalf of BNPP AM.
BNPP ERE is an acknowledged corporate partner within the French employee savings and collective retirement marketplace that will form an important part of the new Retirement Solutions department.
As an asset manager, BNPP AM has a duty to have a positive impact on preparing for the retirement of its clients, which for them is a major challenge."
Schwebel was previously head of Strategy, Corporate Development and Public Affairs at BNPP AM, and is a member of the wider Executive Committee. He is also a director of Gambit, a leading European provider of investment advisory digital solutions.
He began his career at BNP Paribas in Corporate and Investment Banking in Paris and London. As vice president in the Mergers & Acquisitions Department, he advised major companies in the financial services sector (including banks, insurers and stock exchanges) on their strategy and external growth.
Frédéric Janbon, Chief Executive Officer of BNP Paribas Asset Management, said: "The development of pension savings is a structural trend in France and Europe. One of the major challenges will be to encourage individuals to redirect their savings towards long term savings -beneficial both for savers and for financing the economy - specifically dedicated to retirement. The creation of this new department reflects this structural change and is a strategic challenge for BNPP AM".
Arnaud Schwebel, Global Head of Retirement Solutions at BNP Paribas Asset Management, added: "As an asset manager, BNPP AM has a duty to have a positive impact on preparing for the retirement of its clients, which for them is a major challenge.
"We are well equipped to meet these challenges and support distributors, businesses and savers. I am proud that BNPP AM has this strategic ambition and look forward to working with the teams in both BNPP AM and the BNP Paribas Group."