BNP Paribas is reviewing the future of its €510bn asset management businesses, according to several sources. The French bank is said to be discussing whether disposal would be the best way to raise new capital following renewed crisis in the eurozone and tougher regulatory requirements.

BNP Paribas Investment Partners was developed as a string of affiliates by the late Gilles Glicenstein before his death in 2009. The ownership structure would make it relatively easy for BNP PIP to be broken up.