Evli completed the acquisition of EAB Group from BNP Paribas Asset Management.

Evli, an investment management firm, completed the acquisition of EAB Group, a fund management company, from BNP Paribas Asset Management, a private equity firm. Financial terms were not disclosed. "We are very pleased to announce the progress of the merger of Evli and EAB. The merger is a logical next step in Evli's strategic goal to become a leading Nordic wealth manager building a sustainable future. Among other things, the merger will add new asset classes to Evli's service offering of alternative investment products and expand the incentive and reward business offering. With a broader range of services and new expertise, we will be even better equipped to serve our current and future clients according to their individual needs," Maunu Lehtimäki, Evli CEO.