PARIS (Reuters) - BNP Paribas
Banks are looking for ways to diversify their business and sell more fee-based products in order to protect their profits from the impact of a negative interest rate environment.
BNP Paribas hired Goitini from Unicredit Group
The French bank said it planned to hire more private bankers in Italy.
"To benefit from the expansion of the Italian market, where our assets under management have grown 60 percent between 2012 and 2019, we want to accelerate our growth ... across all regions - and in particular in the north of Italy," Sofia Merlo, Co-CEO of BNP Paribas Wealth Management said in a statement.
(Reporting by Maya Nikolaeva; Editing by Chizu Nomiyama)