Stefan Slowinski, Global Head of Software Research from BNP Paribas Exane, joins BNN Bloomberg TV’s “Hot Picks” for a tech update:
Daniel Morris, BNP Paribas Asset Management chief market strategist, and CNBC’s Steve Liesman join ‘Squawk on the Street’ to discuss Morris’ thoughts on the Federal Reserve’s priorities, what the inverted yield curve means for the economy, and more.
Markets signal Fed doesn’t want to risk recession, says BNP Paribas’ Morris (cnbc.com)
By Zoe Wickens, Employee Benefits
Bank and financial services firm BNP Paribas has introduced a surrogacy assistance programme and enhanced its fertility benefits for its US staff.
The firm’s new surrogacy assistance programme is aimed at supporting and empowering US-based employees who are using surrogacy to start or expand their families. They are now eligible for surrogate related expenses and will be reimbursed for up to a maximum of $10,000 (£7,892) per eligible child.
In addition, BNP Paribas has enhanced its fertility benefits in order to recognise that fertility support and family-planning are high priorities for some of its workforce. Its medical plans have been updated to include coverage for social preservation, elective egg freezing and storage with no medical condition requirement, embryo or egg retrieval and accumulation that no longer requiring the depletion of previously stored embryos, and fertility preservation and storage of embryos increasing from 12 to 24 months.
According to the firm, it made these additions to its US benefits programme as part of its recognition that the journey of parenthood can take many paths and the importance of the wellbeing and happiness of all of its employees. By offering these, it hopes to help alleviate some of the challenges that can arise during this personal journey that is unique to everyone.
Claudine Gallagher, head of human resources for corporate and institutional banking (CIB) Americas at BNP Paribas, said: “Creating a robust benefits programme that is inclusive of the needs of our employees and their families is an important component of how we invest in our people. To support our employees their families, I am excited to announce the launch of our surrogacy assistance programme and enhancements to our fertility benefits. These new announcements are a symbol of our commitment towards creating an inclusive and supportive workplace for all employees.”
BNP Paribas enhances US fertility and surrogacy benefits – Employee Benefits
Jean-Yves Fillion, Vice Chairman of BNP Paribas USA, sits down with Brian Sullivan at the Milken Institute Global Conference in Beverly Hills, CA on the challenges facing the banking sector.
Ethan Harris, head of global economics at Bank of America Global Research and Yelena Shulyatyeva, U.S. economist at BNP Paribas, joins ‘The Exchange’ to discuss the market response to the SVB hearing, the regulatory response to the bank crisis, and credit turmoil replacing interest rate hikes.
Watch Inflation looks hard to pull down amid fast wage growth, says BNP’s Yelena Shulyatyeva
Discusses interest rates, the Fed and ECB, clients, and the Americas platform among other topics.
Watch BNP Paribas USA CEO Expects ECB to Go Further on Rates – Bloomberg
New presence to support clients and growth of markets business in South Florida
New York, NY & Miami, FL, January 11, 2023 – BNP Paribas Securities Corp, a unit of Europe’s leading bank BNP Paribas, today announced its plans to open a new office in the metro-Miami area. The Miami office will support the continued growth of its Global Markets business in the US, amongst others, and the increasing number of clients with a foothold in South Florida. The hub will provide an additional gateway to its regional clients, as well as expand on its network of US campuses.
The new office will be located at 801 Brickell Avenue in Miami’s financial hub, officially open for business in the 4th Quarter 2023, and employ nearly 50 full-time professionals in credit, equities, and macro products. A seven and a half year lease for the office was recently signed.
José Placido, Chief Executive Officer of CIB Americas at BNP Paribas, said: “Our new office is another recent example of scaling our business in ways that fully support our client’s ambitions, as more of our clients build a presence in South Florida. With this opportunity to better serve our clients, we deliver on our ambitions to grow our corporate and institutional banking franchise in the Americas. Our new Miami office also continues with our ‘workplace of the future’ model, focusing on wellbeing and employee experience.”
John Gallo, Head of Global Markets Americas at BNP Paribas, said: “We’re very excited to be in the growing business environment of South Florida. This office will allow us to be closer and better serve our clients, many of whom have also migrated to the area, particularly Miami and Palm Beach.”
BNP Paribas has recently made several large real estate actions in the US including opening a new office in the Philadelphia area in October 2021. The bank has also made significant facilities and work space commitments in its two metro New York City offices in Midtown West Manhattan and Jersey City, NJ. BNP Paribas signed 20 year leases for all three properties in the greater NYC and Philadelphia areas in July 2020. The group also has offices in the following major cities* (Boston, Chicago, Dallas, Denver, San Francisco and Washington, DC).
BNP Paribas’ Miami campus will be the latest example of the bank’s efforts to create best-in-class platforms and products for its local Miami-area clients. As BNP Paribas continues to pursue and execute on its growth ambitions in the region, the Miami office will integrate seamlessly with its other offices.
*Excludes presence of Bank of the West, for which an agreement of sale has been entered into with Bank of Montreal.
Press Contacts:
BNP PARIBAS
Guy Taylor
+1 (332) 323-3704
Guild.Taylor@us.bnpparibas.com
Robert Madden
+1 (917) 287-8501
Robert.Madden@us.bnpparibas.com
About BNP Paribas
BNP Paribas is the European Union’s leading bank and key player in international banking. It operates in 65 countries and has nearly 190,000 employees, including nearly 145,000 in Europe. The Group has key positions in its three main fields of activity: Commercial, Personal Banking & Services for the Group’s commercial & personal banking and several specialized businesses including BNP Paribas Personal Finance and Arval; Investment & Protection Services for savings, investment and protection solutions; and Corporate & Institutional Banking, focused on corporate and institutional clients. Based on its strong diversified and integrated model, the Group helps all its clients (individuals, community associations, entrepreneurs, SMEs, corporates and institutional clients) to realize their projects through solutions spanning financing, investment, savings and protection insurance. In Europe, BNP Paribas has four domestic markets: Belgium, France, Italy and Luxembourg. The Group is rolling out its integrated commercial & personal banking model across several Mediterranean countries, Turkey, Eastern Europe as well as via a large network in the western part of the United States. As a key player in international banking, the Group has leading platforms and business lines in Europe, a strong presence in the Americas as well as a solid and fast-growing business in Asia-Pacific.
BNP Paribas has implemented a Corporate Social Responsibility approach in all its activities, enabling it to contribute to the construction of a sustainable future, while ensuring the Group’s performance and stability.
BNP Paribas, Europe’s leading financial institution, announces today the appointment of several senior executives to its Global Markets Americas division. The appointments demonstrate the bank’s commitment to the Americas region and ambition to grow its Global Equities, Global Credit and Global Macro franchises.
Kunal Maini is appointed Co-Head of Global Macro – Americas. He will support the bank’s effort to strengthen its client-centric Global Macro business featuring a state-of-the-art digital offering and expertise across Rates, FX and Commodities. In addition, he will be responsible for globalizing our US Rates franchise by developing stronger client connectivity and product innovation.
Mr. Maini has deep experience in the global macro space, with 16 years of experience in New York and five in Tokyo. He joins BNP Paribas from Morgan Stanley, where he was Global Head of Government Bond, Inflation and E-Trading.
John Hanisch is appointed Co-Head of Secondary Credit Americas and Global Head of Securitized Products Trading. As a member of the management team overseeing the Americas credit platform, Mr. Hanisch will support the continued development of the bank’s secondary credit franchise in the region and he will direct the Securitized Products Trading franchise globally.
Mr. Hanisch joins BNP Paribas following two years on the buy-side at Hayfin Capital Management prior to which he was at Deutsche Bank for 12 years, most recently as Global Head of Securitized Products Trading.
Charlie Shah is appointed Head of IG & CDS Trading Americas, and Bo Bazylevsky is appointed Head of LatAm Flow Credit Trading. Both appointments will also support the bank’s ambition to expand its broader credit franchise in the region.
Mr. Shah has over 20 years of industry experience, most recently at RBC where he ran the US Investment Grade Trading Business. He will focus on delivering a full IG product suite across cash and derivatives to the bank’s clients.
Mr. Bazylevsky joins BNP Paribas from Stifel where he was Head of Emerging Markets. He brings over 20 years of trading experience in emerging markets fixed income and has worked at institutions like JP Morgan, Bank of America- Merrill Lynch and Bear Stearns.
Michael Rietbrock is appointed Head of Research within the bank’s Global Equities business. He will support the development of BNP Paribas Exane as a leading provider of equity research in the US. Mr. Rietbrock will help scale up Equity Research and Cash Execution in the US. These efforts, along with the bank’s strengths in prime services and equity derivatives across regions, will allow for increased strategic dialogue with clients across the bank’s Global Markets Americas division.
Mr. Rietbrock has over 30 years of experience in the equity research space. First, he performed as a top-ranked analyst, and subsequently as a research manager at Bank of America, Nomura and MoffettNathanson, LLC.
Robert McDonald is appointed Head of Strategic Equity Solutions and Equity-Linked Origination and Nadim Siddique is appointed Head of Strategic Equity Derivatives Trading within the bank’s Global Equities business. Strategic Equity Solutions and Equity-Linked Origination are key pillars of growth within Global Equities and Corporate Sales in Global Markets. As partners across sales and trading, Mr. McDonald and Mr. Siddique will structure and execute convertible transactions and equity derivative solutions, including share buyback programs, hedging and monetizing positions through margin loans, variable pre-paid forwards, and other innovative structures.
Mr. McDonald has worked in the equity capital markets and equity corporate derivatives space since 2008. Previously, he performed senior leadership roles at Mizuho, Credit Suisse and Nomura in both New York and London.
Mr. Siddique has 25 years of experience leading equity derivatives trading teams within both the sell- and buy-side institutions. Prior to joining BNP Paribas, he performed senior leadership roles at CIBC World Markets Group, Citadel, Morgan Stanley and JP Morgan.
John Gallo, Head of Global Markets Americas at BNP Paribas, said: “There is an enormous opportunity to develop our client relationships in the Americas, not only across our Global Markets platform, but also across our entire Corporate and Institutional Banking division. We are proud to welcome our new colleagues who represent our commitment to strengthen our client offering and our ambition to be the leading European bank globally.”
BNP Paribas has been present in the Americas for more than a century. It provides capital markets, securities services, financing, treasury and advisory solutions to corporates and institutional investors. As part of the bank’s Corporate and Institutional Banking division, the bank’s Global Markets Americas platform offers consistent client service and innovative solutions for investment, hedging and financing opportunities across asset classes and geographies, and research and market intelligence to help clients make strategic decisions. Global Markets Americas is a strongly integrated, digitally advanced platform including Global Equities, Global Credit and Global Macro business lines.
Press Contacts:
Robert Madden
+1 (917) 287-8501
robert.madden@us.bnpparibas.com
Guy Taylor
+1 (332) 323-3704
guild.taylor@us.bnpparibas.com
About BNP Paribas
BNP Paribas is the European Union’s leading bank and key player in international banking. It operates in 65 countries and has more than 190,000 employees, including nearly 145,000 in Europe. The Group has key positions in its three main fields of activity: Retail Banking for the Group’s retail-banking networks and several specialized businesses including BNP Paribas Personal Finance and Arval; Investment & Protection Services for savings, investment and protection solutions; and Corporate & Institutional Banking, focused on corporate and institutional clients. Based on its strong diversified and integrated model, the Group helps all its clients (individuals, community associations, entrepreneurs, SMEs, corporates and institutional clients) to realize their projects through solutions spanning financing, investment, savings and protection insurance.
In Europe, BNP Paribas has four domestic markets: Belgium, France, Italy and Luxembourg. The Group is rolling out its integrated retail-banking model across several Mediterranean countries, Turkey, Eastern Europe as well as via a large network in the western part of the United States. As a key player in international banking, the Group has leading platforms and business lines in Europe, a strong presence in the Americas as well as a solid and fast-growing business in Asia-Pacific.
BNP Paribas has implemented a Corporate Social Responsibility approach in all its activities, enabling it to contribute to the construction of a sustainable future, while ensuring the Group’s performance and stability.
Watch ‘Bloomberg Surveillance Simulcast’ Full Show 11/18/2022 – Bloomberg (Please see 1:42:00 time)
Jean-Yves discusses the US economy, macroeconomic drivers, client perspectives, and the Eurozone, among other topics.
Insider kicked off Climate Week NYC by naming its inaugural Climate Action 30, which identifies 30 of the top global activists, business leaders, scientists, community leaders, and others from around the world who are working toward climate and environmental solutions. Herve Duteil, Chief Sustainability Officer, Americas, was named to the list of 30 global leaders working toward climate solutions.