BNP Paribas has hired former BlackRock ETF capital markets executive Van Nugteren to lead its white-label ETF unit. Nugteren previously held senior roles at BlackRock and SpireBay Financial, focusing on ETF capital markets and product build-out. The appointment underscores the €112.7b banking group's plan to expand its white-label ETF platform for asset managers seeking outsourced ETF launches, drawing on BNP Paribas's distribution reach across Europe, the Middle East, Africa, the Americas and the Asia Pacific. The hiring is one part of the broader BNP Paribas story, slotting into its existing push for fee-based income and capital-light businesses rather than signaling a fresh direction for the group. Investors can monitor concrete output from the white-label platform over the next 12 to 24 months, including the number of third-party ETF launches BNP Paribas services, ETF assets the platform attracts, and any disclosure on fee income or profitability from the unit.
BNP Paribas SABNP Paribas hired a BlackRock ETF veteran to lead and expand its white-label ETF unit, supporting its push for fee-based, capital-light income.
Taishin Financial Holding Co Ltd
BlackRock Inc