BNP Paribas to Outsource APAC Research to Morningstar
July 04 2019 - 12:41AM
Dow Jones News
By P.R. Venkat
BNP Paribas S.A. (BNP.FR) said it will source its Asia Pacific
equity research reports from Morningstar Inc. (MORN).
Morningstar will provide equity research reports for BNP Paribas
in China, Hong Kong, Singapore, Korea and Taiwan in six sectors
that include financial, real estate, consumer, and healthcare, BNP
Paribas said in a statement.
BNP Paribas will be the exclusive sell-side equities research
provider distributing Morningstar's reports to its buy-side clients
in the region, it said.
Morningstar's coverage will be for around 150 stocks, according
to the statement.
A person familiar with the situation said that some APAC
research staff will laid off following the agreement.
Write to P.R. Venkat at venkat.pr@wsj.com
(END) Dow Jones Newswires
July 04, 2019 00:26 ET (04:26 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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