22 August 2017
Find out more

BNP Paribas merges Cortal Consors and B*capital operations

02 December 2004  |  4434 views  |  0 BNPParibas

French banking group BNP Paribas is merging its execution-only online brokerage Cortal Consors with share trading advisory offshoot B*capital.

Cortal Consors was formed in May 2002, after the acquisition of the German online broker Consors by BNP Paribas which was merged with the French bank's Cortal subsidiary.

B*capital provides personalised stock consulting and management under mandate services to private investors. The service has 11,000 customers and manages 2.5 billion euros in France.

BNP Paribas says the merger will accelerate B*capital's growth in France with the aim of reaching EUR4 billion euros of assets under management by 2008.

B*capital customers will also be able to access Cortal Consors transaction processing platform. Benoit Gommard, CEO of Cortal Consors France, says the merger will also benefit Cortal customers that are "seeking advice and more coaching in their stock investments".

BNP Paribas says the merger will be completed by January 2005.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

CortalConsors exits Swiss/Italian online broking markets

CortalConsors exits Swiss/Italian online broking markets

16 October 2002  |  3003 views  |  0 comments
BNP Paribas buys majority stake in Consors

BNP Paribas buys majority stake in Consors

30 April 2002  |  2959 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
download the paper nowvisit www.niceactimize.comvisit www.worldpaymentsreport.com

Who is commenting?

A Finextra member Finextra Member Commented on: Real-time payments in...
A Finextra member Finextra Member Commented on: Barclays uses sensors...

Top topics

Most viewed Most shared
Mobile contactless spending accelerating in UKMobile contactless spending accelerating i...
11995 views comments | 26 tweets | 23 linkedin
Barclays pairs banking data with third party apps for SmartBusiness DashboardBarclays pairs banking data with third par...
10433 views comments | 22 tweets | 32 linkedin
hands typing furiouslyWhy Is Risk Analytics Important?
9943 views 0 | 5 tweets | 1 linkedin
RBS to bring Silicon Valley to EdinburghRBS to bring Silicon Valley to Edinburgh
9726 views comments | 10 tweets | 8 linkedin
Norwegian banks and startups form fintech clusterNorwegian banks and startups form fintech...
9650 views comments | 19 tweets | 23 linkedin