Thierry Laborde Group Executive Committee of BNP Paribas S.A., Joris Dierckx CEO and Country Head for BNP Paribas India and Jaideep Arora CEO of Sharekhan by BNP Parisbas at a press conference in Mumbai. (Photographer: Anveer Singh/BloombergQuint)

BNP Paribas To Invest €70 Million In Sharekhan Over The Next Four Years

Sharekhan’s new owner BNP Paribas, is all set to pump up its investment in the brokerage house. The French financial conglomerate will invest 70 million Euros, spread over a period of four years, with an aim to double the customer base in five years.

This is part of the group’s larger plans to invest 3 billion euros across the globe to ramp up its digital presence said Joris Dierckx, CEO and Country Head of BNP Paribas India. He added that the target is to make Sharekhan to the second spot on the list of digital equity brokers in the country, with assets under management of more than Rs 20,000 crore in the near future.