Impax Asset Management Secures Investment Advisory Agreement with BNP Paribas
Why we think this is good
The investment advisory agreement with BNP Paribas Asset Management Europe is a positive development for Impax Asset Management Group. It represents a new revenue stream and further strengthens the company's distribution capabilities. While the exact financial details are not provided, the agreement is subject to the AIM Rules, suggesting the regulatory requirements have been met. However, the lack of quantifiable financial information and a clear timeline limits the ability to fully assess the impact on Impax's earnings and overall performance.
Key Points
- Impax Asset Management Group plc has entered into an investment advisory agreement with BNP Paribas Asset Management Europe
- Impax's subsidiary, Impax Asset Management Ireland Limited, will provide investment advisory services to BNPP AM Europe
- The agreement provides for BNPP AM Europe to pay a fee to Impax, calculated as a percentage of the assets under management
Summary
Impax Asset Management Group plc has entered into an investment advisory agreement with BNP Paribas Asset Management Europe, a subsidiary of BNP Paribas Asset Management Holding. Under the agreement, Impax's subsidiary, Impax Asset Management Ireland Limited, will provide investment advisory services to BNPP AM Europe in relation to an investment fund. The agreement provides for BNPP AM Europe to pay a fee to Impax, calculated as a percentage of the assets under management.