TEB Asset Management

TEB Asset Management is a subsidiary of Türk Ekonomi Bankası (TEB). TEB is majority-owned by a joint venture between BNP Paribas and the Turkish Çolakoğlu Group, with BNP Paribas holding the controlling stake since 2005. Remaining shares of TEB are publicly traded on Borsa Istanbul.

The firm's product range is focused on Turkish domestic assets — local equities, bonds, and money market instruments. There are no actively marketed international funds or offshore mandates under the TEB Asset Management brand. Access to foreign securities, when available, typically comes through BNP Paribas feeder structures distributed separately to TEB's private banking clients.

The firm offers a range of open-ended mutual funds domiciled in Turkey, covering equity, balanced, fixed income, money market, and ETF structures. A known product is the TEB Gold Plus ETF listed on Borsa Istanbul. Funds are distributed primarily through TEB's retail branch network and digital banking channels.

While investment decisions for Turkish domestic portfolios remain locally managed, risk management, compliance frameworks, and product governance follow BNP Paribas group standards. The parent relationship provides access to global research and fund infrastructure, though TEB Asset Management operates as a separate legal entity regulated by the Capital Markets Board of Turkey.

The firm's primary distribution is through TEB's banking network to retail and private banking clients. While discretionary institutional mandates are offered, the client base is largely captive to the bank. There is no evidence of significant third-party institutional fundraising independent of TEB's balance sheet.