Shinhan Financial Group Co., Ltd. acquired remaining 35% stake in Shinhan BNP Paribas Asset Management Co. Ltd from BNP Paribas SA.
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.