BNP Paribas buys MM firm IMS

Established by Richard Timberlake and Peter O’Connor in 1999, IMS has £5.1bn under management and advisory in its manager of managers and fund of funds mandates. IMS CEO Antony John and CIO Giles Gilbertson will continue in their current capacity, with Timberlake and O’Connor remaining as directors. BNP Paribas Investment Partners head Gilles Glicenstein says the acquisition is a new step in FundQuest’s multi-specialists strategy. “The UK market remains a priority for the development of BNP Paribas Investment Partners, and with this alliance FundQuest gains momentum as a global multi-...