BNP Paribas

Europe’s New Asset Management Heavyweight

BNP Paribas Asset Management is the asset management arm of the BNP Paribas Group. Since the end of 2025 it has been merged with AXA Investment Managers and BNP Paribas Real Estate Investment Management to form one of the biggest asset managers in Europe, with over €1.5 trillion of client assets under management. The newly merged entity operates as BNP Paribas Asset Management, is chaired by Marco Morelli and is led by CEO Sandro Pierri, who also sits on the BNP Paribas Group Executive Committee as of March 2026.

Private Assets: the Part That Matters Here

The Private Assets division of BNPP AM, managing some €40 billion across private credit, infrastructure debt and real assets, is the part that matters most for private markets investors. It is the engine behind the retail ELTIFs the firm has launched — like the Diversified Private Credit Fund listed on Fundscouter — and benefits from the banking origination capabilities of the BNP Paribas Group that most pure asset managers do not have.

Leadership

Sandro Pierri

Chief Executive Officer

Marco Morelli

Chairman

David Bouchoucha

Head of Private Assets

Lucien Carton

Head of Solutions & Client Advisory

The history of BNPP AM goes back to 2007, when the group brought its asset management activities together under one house. In 2010 it was strengthened by the merger with Fortis Investments, and in 2017 the activities were grouped under the BNP Paribas Asset Management brand. The biggest step came in 2025: the combination with AXA IM, announced in August 2024, with the main legal entities merging on 31 December 2025.