Shinhan Financial Group Co., Ltd. (KOSE:A055550) agreed to acquire remaining 35% stake in Shinhan BNP Paribas Asset Management Co. Ltd from BNP Paribas SA (ENXTPA:BNP) on December 30, 2020. Through this, Shinhan BNPP Asset Management will become a 100% subsidiary of Shinhan Financial Group. Shinhan BNP Paribas Asset Management is poised to hold an extraordinary shareholders meeting to decide on details regarding the subsidiary inclusion, such as a new name for the unit.

Shinhan Financial Group Co., Ltd. (KOSE:A055550) completed the acquisition of remaining 35% stake in Shinhan BNP Paribas Asset Management Co. Ltd from BNP Paribas SA (ENXTPA:BNP) on January 15, 2021. Shinhan BNPP Asset Management changed its name to Shinhan Asset Management Co. through an extraordinary shareholders' meeting. Shinhan Asset Management has appointed Lee Jae-eun, professor of Hongik University Business School, and Park Young-gyu, professor of Sungkyunkwan University Business School, as new outside Directors.