BNP Paribas Asset Management is finalising the outright purchase of its US-based bond manager associate Fischer, Francis, Trees & Watts.

The French group has also agreed to create a new wealth creation scheme for key Fischer staff and guarantee their operational independence. Philippe Lespinard, BNP Paribas' chief investment officer, is to become Fischer's deputy chief executive.

Mike Foster

BNP Paribas

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BNP Paribas finalises Fischer purchase

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