BNP Paribas Asset Management has acquired a majority stake in robo-adviser Gambit Financial Solutions, as a result of a "major rethink" of customer experience offered by the firm.
Gambit will maintain its independence from BNP Paribas AM but the transaction will allow it to extend its client footprint by becoming the preferred robo-advisory partner for the firm's retail and wealth management network. Launched in 2007, Gambit operates with a team of more than 50 professionals, providing investment advisory solutions across Europe. BNP Paribas said transforming client expectations and the changing needs of the customer were the main drivers for the acquisition. BlackRock takes stake in robo-adviser Gambit CEO Geoffroy de Schrevel said: "This partnership mar...
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