Fortis Investments trumps BNPP in Asia merger

Apr 29, 2009

BNP Paribas may be taking over Fortis, but in asset management in Asia, the reality may look like the reverse when inevitable job cuts result.

Ahead of the final ballot at Fortis's annual meeting in the Dutch town of Utrecht on the sale of the company to the French bank BNP Paribas, the management at BNP Paribas has already worked out the numbers of positions they plan to cut from the business, sources with direct knowledge of the matter say.

Sign in to read on!

Registered users get 2 free articles in 30 days.

Subscribers have full unlimited access to AsianInvestor

Not signed up? New users get 2 free articles per month, plus a 7-day unlimited free trial.

If you are a senior professional at a large institutional asset owner, such as a sovereign wealth fund or pension fund, please contact [email protected] for further assistance.

Questions?

See here for more information on licences and prices, or contact [email protected]