Reaffirming the Commitment to the Region and Marking the Continuation of its U.S. Custody Offering and Strategic Build-Out
BNP Paribas, a premier global bank, celebrates today the ten year anniversary of BNP Paribas Securities Services in the United States. This year marks the continuation of BNP Paribas Securities Services U.S. custody offering and the strategic build-out of the business in the U.S. as well as reaffirms the business’ commitment to the region.
In the U.S., BNP Paribas Securities Services provides a local presence within a robust global framework. BNP Paribas Securities Services is uniquely positioned to operate globally because of strong franchises in Europe, APAC and LatAm and its extensive proprietary custody network, covering 27 markets – including the U.S. Thanks to this global presence, the bank serves an extensive client base of buy-side and sell-side financial institutions, including investment managers that domicile funds in foreign markets.
BNP Paribas Securities Services has been dedicated to growing its business in the Americas, completing its crucial product set: global custody, agency securities lending, hedge fund administration, middle office and U.S. fund administration. Looking forward, the group is committed to driving growth in these activities and building out the U.S. platform.
As a top five global custodian, there was an opportunity for BNP Paribas Securities Services to become a key player among to the top U.S. firms. The U.S. has the world’s largest banking, asset manager, alternative and insurance sectors. Securing future growth, BNP Paribas Securities Services targeted the country to support the vast ecosystem of locally based investment banks, broker dealers, asset managers, asset owners, and hedge funds.
Patrick Colle, CEO of BNP Paribas Securities Services said, “I am confident that BNP Paribas Securities Services in the U.S. will continue to flourish because of the opportunities brought about by our local teams and burgeoning regional economy. With the continuous development and ongoing projects, I see further growth and strength for our U.S. presence as well as in the Americas.”
Dennis Bon, Head of Securities Services for the Americas said, “BNP Paribas Securities Services has made major investments to better serve the local needs of both U.S. and global investment managers. We began this journey with the build out of our U.S. custody capabilities and have since added significant local custody and fund servicing capabilities across the Americas. We are now very well positioned to support the securities services needs of our clients across the entire region.”
About BNP Paribas Securities Services
BNP Paribas Securities Services, a wholly owned subsidiary of the BNP Paribas Group, is a leading global custodian and securities services provider. Backed by the strength of the BNP Paribas Group, we provide multi-asset post-trade and asset servicing solutions for buy and sell-side market participants, corporates and issuers. With a global reach covering 90+ markets, our network is one of the most extensive in the industry, enabling clients to maximise their investment opportunities worldwide.
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 specialised 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 realise 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.
Contacts
Press:
Claire Schiff
(646) 634-4042
claire.schiff@us.bnpparibas.com
• As part of BNP Paribas’ 2025 strategic plan, the Group unveils its first ‘Climate Analytics and Alignment Report’ which will steer the alignment of its portfolio with its net-zero commitment.
• The Report includes a series of financed carbon emissions intensity reduction targets for three key sectors (from 2020 baseline): power generation (a reduction of at least 30% by 2025), upstream oil and gas and refining (a reduction of at least 10% by 2025), and automotive1 (a reduction of at least 25% by 2025).
• In order to achieve its objective of reducing carbon emissions related to oil and gas, the Group will reduce by 12% its credit exposure to the upstream oil and gas industry by 2025 (from 2020 baseline). It will also reduce by 25% its credit exposure to the upstream oil industry by 2025. Thanks to the implementation of its previous commitments on unconventional oil and gas, upstream oil and gas and refining represent only 1.3% of BNP Paribas’ total credit exposure as of end of 2021.
• BNP Paribas has pledged to dedicate at least 200 billion euros to supporting large corporate clients’ transition to a low carbon economy by 2025. The Group has an intention of mobilizing by 2025 more than 350 billion euros through loans and bond issues covering environmental and social topics for corporate clients.
“Our aim is to continue to be at the forefront of combatting climate change by moving further and faster to limit the rise in global temperatures to 1.5 °C by 2050. As the task becomes ever more urgent, we have integrated new targets in our strategic plan for 2025 to finance the energy transition. In the current geopolitical context, it is even more essential that we maintain an ambitious course towards a net-zero economy and finance the acceleration of renewable energies. Our strategy is threefold: align our portfolio with our net-zero commitment; measure and pilot our carbon-related risks; and broaden and deepen client relationships to support them as they make their low-carbon transition. This ‘Climate Analytics and Alignment Report’ is a main first step in taking new commitments within the Net-Zero Banking Alliance. We will extend this work to support our clients’ transition across seven other carbonintensive sectors by 2024.” said Jean-Laurent Bonnafé, Director and Chief Executive Officer, BNP Paribas.
As part of BNP Paribas’ ‘Climate Analytics and Alignment Report’, net-zero targets have been determined using International Energy Agency (IEA) scenarios and sector-wide initiatives such as the PACTA methodology and the framework provided by the Net-Zero Banking Alliance, joined by the Group in April 2021. The power, oil and gas and automotive sectors, that account for 7% of the Group’s financing as of end of 2021, are key for the transition to a carbon neutral economy. According to the World Resources Institute, the energy sector (power generation and fossil fuel) represents about 75% of direct and indirect greenhouse gas emissions of the industry worldwide.
Power generation
2025 carbon emissions intensity reduction target of its portfolio = at least -30% versus 2020
• BNP Paribas’ portfolio alignment measurement of the power generation sector focuses on Scope 1 CO2 emissions of power generation activity, as it is where most emissions take place.
• This 30% carbon emissions intensity reduction target versus 2020 goes well beyond the 2025 intensities derived from the IEA NZE 2050.
• The Group aims to significantly reduce the financing of CO2 producing energy, in favour of financing the massive development in low carbon energy production. Its ambition is to reach less than 5% of coal in the portfolio capacity mix (from 10% as of end of 2020) by 2025 and more than 66% of renewable sources in the portfolio capacity mix (from 57% as of end of 2020), exceeding the 2025 ambition of NZE 2050 scenario.
• The Group has now committed to reach 30 billion euros of financing for renewable energy projects by 2025 (from 18.6 billion euros as of end of 2021).
• Within its Low-Carbon Transition Group, BNP Paribas has developed transversal expertise on transition technologies and notably Green Hydrogen.
Upstream oil and gas and refining
2025 carbon emissions intensity reduction target of its portfolio = at least -10% versus 2020
• The alignment measurement of BNP Paribas oil and gas portfolio covers Scope 1, Scope 2 and Scope 3 emissions.
• In May 2021, BNP Paribas announced its ambition to reduce its credit exposure to the upstream oil and gas activities by 10% by 2025. The Group is strengthening this objective by setting two enhanced targets for its credit exposure to the sector: a 12% reduction of its credit exposure to the upstream oil and gas industry by 2025 versus 2020, and also a 25% reduction to the upstream oil industry by 2025 versus 2020. This commitment shows a higher level of ambition than the IEA NZE 2050 based scenario. Thanks to the implementation of its strong previous commitments on unconventional oil and gas, upstream oil and gas and refining represent 1.3% of BNP Paribas’ total credit exposure as of end of 2021.
• The Group has decided to strengthen its unconventional oil and gas sectorial policy (dated 2017) for companies that do not have strong public commitment and transition strategies compatible with 1.5°C scenario. In 2022, the Group will no longer finance or invest in companies with more than 10% of their activities in tar sands and shale oil and gas. The Group will no longer finance any oil and gas projects and related infrastructure in the Arctic and in the Amazon regions.
o The Group is strengthening the definition of the Arctic Region to adopt the one of the Arctic Monitoring and Assessment Program (AMAP), which is the broadest. Norwegian operated areas are to be excluded from this definition since Norway has developed the most constraining environmental and operational laws, regulations and monitoring processes in the world.
o BNP Paribas will no longer finance or invest in companies deriving more than 10% of their activities from the Arctic Region.
o BNP Paribas will no longer finance or invest in companies producing out of oil and gas reserves in the Amazon as well as in the ones developing related infrastructures.
Automotive
2025 carbon emissions intensity reduction target of its portfolio = at least -25% versus 2020
• BNP Paribas’ portfolio alignment measurement of the Automotive sector focuses on Scope 3 CO2 emissions of auto manufacturers Light-Duty Vehicles production.
• BNP Paribas will continue to strengthen its financing through the issuance of sustainable bonds and loans to accelerate the electric vehicle production.
• BNP Paribas expects the share of electric vehicles2 in its portfolio to reach more than 25% by 2025 (from 4% in 2020).
• Arval BNP Paribas is also committed to supporting its customers in making their mobility more sustainable by setting new target of reaching 700,000 electrified vehicles3 by 2025. BNP Paribas’ 2025 targets cover financings directly provided and committed, and will gradually expand to some capital market activities. The Group will continue to work towards its net-zero goal by updating its methodology and metrics towards these sectors and others in its portfolio as new information becomes available.
Alongside the development of the Low-Carbon Transition Group, which will bring together 250professionals, BNP Paribas has pledged to dedicate at least 200 billion euros to support the transition of its corporate clients to a low carbon economy by 2025.
Please find the ‘Climate Analytics and Alignment Report’ on BNP Paribas’ website:
https://group.bnpparibas/uploads/file/bnpp_climateanalytics_alignmentreport_final.pdf
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 specialised 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 realise 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.
World-Leading Tennis Sponsor to Activate a Number of Environmental and Social Equity Initiatives
New York, NY / Indian Wells, CA, March 7, 2022 – BNP Paribas, Europe’s premier global bank and a leading sponsor of tennis, and Bank of the West, a subsidiary of BNP Paribas, today announce a renewed focus on community responsibility – specifically environmental and social equity causes – through a series of initiatives at the 2022 BNP Paribas Open, the largest combined ATP and WTA Tour event in the world.
As the tournament prepares to host the event in its traditional spot on the tennis calendar for the first time since 2019, BNP Paribas and Bank of the West will invite fans to join a number of efforts centered on environmental and social equity issues.
- Team BNP Paribas Mac 1: A new inductee will be selected to join ‘Team BNP Paribas Mac 1,’ which helps the most promising and deserving young American tennis talents often from disadvantaged backgrounds to reach the next level. The US program builds on the global ‘BNP Paribas Young Talent Team’ in partnership with the John McEnroe Tennis Academy. In addition, two Mac 1 players will receive wild cards into the BNP Paribas Open qualifying draws.
- BNP Paribas Open Scholarship Program: BNP Paribas and Bank of the West will award scholarships to four deserving high school students from the local community. The students will be awarded the college grants at a ceremony at their school and will be recognized in a presentation during the tournament.
- #FAAPointsForChange: Félix Auger-Aliassime, the 21-year-old ATP Tour player who is currently at a career-high rankings of World No. 9, has committed to donate $5 for each point he wins at the tournament and BNP Paribas will match with $15 per point. Funds raised will be donated to CARE for EduChange in the West African nation of Togo. The initiative protects the most vulnerable children (of which 60 percent are female) against all forms of violence and gives them access to education.
- Aces for Trees (#BNPPOpen4Trees): BNP Paribas and Bank of the West will once again team up to plant trees in areas affected by recent California wildfires. Three trees will be planted for every ace served throughout the tournament and one tree for every social media share using #BNPPOpen4Trees, highlighting a 40-foot, co-branded living wall located in the tournament’s Exhibitor Village. . In 2021, the banks planted 2,500 trees via 2,000 aces and 500 social shares. The initiative complements BNP Paribas’ and Bank of the West’s policies and commitments to fight deforestation and strengthen biodiversity.
The Indian Wells Tennis Garden and the BNP Paribas Open, one of the world’s premier tennis facilities and events respectively, remain committed to building a more “sustainable Tennis Paradise,” driving change in the community and inspiring action outside of it, and lessening the tournament’s environmental impact through waste management, energy efficiency and strategic partnerships. New for 2022, the BNP Paribas Open will showcase its heightened commitment to sustainability though digital transformation, comprehensive food repurposing, yearly accountability reports and the pursuit of ‘green certification’ from accredited organizations.
Jean Yves Fillion, Chief Executive Officer of BNP Paribas USA, said: “We’re very happy to be returning to Indian Wells for the BNP Paribas Open as it resumes its traditional spot on the tennis calendar this spring, and welcome all the fans back to see world-class tennis in person. This year’s theme also aligns perfectly with BNP Paribas’ goals of being the bank for a changing world. I encourage all tennis fans to come join us for what should prove to be an exciting two weeks of tennis.”
Nandita Bakhshi, President and Chief Executive Officer of Bank of the West and Co-Chief Executive Officer of BNP Paribas USA Inc., said: “We proudly support the sport of tennis and the important strides it’s made with diversity. I’m pleased to see its increasing focus on environmental sustainability. We’re excited to bring our Aces for Trees program back to the tournament which helps plant trees in areas affected by recent wildfires. As a California based company, the impacts of climate change are impossible to ignore – wildfires have impacted many of our customers and employees.”
As title sponsor of the tournament since 2009, BNP Paribas’ commitment to the sport of tennis – above its partnerships at all levels of the game – is reflected by a wide range of social, educational and charitable activities across the tennis world, including the annual BNP Paribas Open. BNP Paribas has been engaged in major philanthropy initiatives for 30 years through its Foundation, focusing its activities on three main areas: the Arts, Social Inclusion, and the Environment – giving over 40 million euros per year.
-ends-
Press Contacts:
BNP PARIBAS
Robert Madden
Media Relations
+1 (332) 323-3704
Robert.Madden@us.bnpparibas.com
BANK OF THE WEST
Emily Iwan
Media Relations
+1 (628) 250-6459
BNP PARIBAS OPEN
Matt Van Tuinen
MVT PR
+1 (773) 860-5828
About CARE International
Founded in 1945, CARE is one of the largest humanitarian networks in the world. It is apolitical and non-denominational. In 2019, CARE supported more than 68 million people in 100 countries.
Its objective is to fight extreme poverty and defend access to fundamental rights. Women and children are at the core of its actions: supporting their empowerment and championing their rights are essential in the fight against poverty.
At Bank of the West, we know money deposited in a bank has the power to finance positive change. So we are taking action to ensure our activities help protect the planet, improve people’s lives, and strengthen communities. We are redefining banking for a better future by focusing on areas where we believe we can have a real impact: supporting energy transition, helping enable women entrepreneurs, and financing innovative start-ups. As the bank for a changing world, Bank of the West is committed to sustainable finance along with our parent company BNP Paribas. Through Digital Channels and offices across the U.S., Bank of the West provides financial tools and resources to more than 2 million individuals, families and businesses.
Deposit and loan products offered by Bank of the West, Member FDIC and Equal Housing Lender . © 2022 Bank of the West. Doing business in South Dakota as Bank of the West California.
About the BNP Paribas Open
The BNP Paribas Open is the largest ATP Tour and WTA combined two-week event in the world and is held annually at the Indian Wells Tennis Garden. The tournament offers more than $15 million in prize money and is the only event to provide the Hawk-Eye line challenge system on all match courts, including qualifying rounds. For more information, visit bnpparibasopen.com.
About BNP Paribas & Tennis
BNP Paribas is one of the major worldwide partners to tennis, with an, unrivalled commitment to sport, going back to 1973. The Group’s support covers all levels and dimensions of the game all over the world, including singles, doubles, team tennis, wheelchair tennis and family tennis, ranging from beginners’ training to top professional tournaments.
- Professional Tennis: Official sponsor of the French Open at Roland Garros; title sponsor of the Billie Jean King Cup by BNP Paribas; title sponsor of three ATP Masters 1000 tournaments – the BNP Paribas Open at Indian Wells, the Monte Carlo Rolex Masters, the Internazionali BNL d’Italia (Italian Open) in Rome; partner to the Open 13 (Marseille), the Parc de Lyon Open, the Metz Moselle Open, the BGL BNP Paribas Luxembourg Open and the Queens Championships;
- Wheelchair Tennis: BNP Paribas World Team Cup;
- Junior & University Tennis and Academies: The Junior Davis Cup by BNP Paribas and Junior Billie Jean King Cup by BNP Paribas; Master’U BNP Paribas;
· Amateur Tennis: Sponsors of the BNP Paribas Family Trophy; also supporting over 1,000 amateur tournaments around the world.
· The younger generations: BNP Paribas supports over 100 deserving young tennis and wheelchair tennis players, through its ‘Team BNP Paribas Young Talents’ programmes in France (with Jo-Wilfried Tsonga and the French Tennis Federation), in the United States (with John and Patrick McEnroe), in Italy and in South Africa; also partner of the Roland-Garros ball-kids selections for over 20 years.
· Solidarity tennis: Supporting a number of original tennis related social engagement projects, through partnerships with more than 20 national tennis federations and dozens of tennis-based charity organisations: ‘#FAAPointsForChange‘ with Félix Auger-Aliassime; ‘Fête le Mur’ with Yannick Noah; the ‘Aces Du Cœur‘ charity programme for hospitalised children; the ‘Sound of Tennis‘ initiative for visually impaired athletes in the United States; the Israel Wheelchair Tennis Project…;
· Tennis e-sport: ‘Roland-Garros e-Series by BNP Paribas’, an e-sport tournament played all over the world as part of the ‘Tennis World Tour’ video game.
· Employee tennis: the ‘BNP Paribas We Are Tennis Cup’ is one of the largest global employee tennis tournaments in the world (3 500 participants each year).
Having entered into all these partnerships, in 2011 BNP Paribas set up a programme called We Are Tennis, whose purpose is to promote interest in the game of tennis all over the world. The wearetennis.com website and its social network accounts bring together a community of tennis lovers and dedicated fans from all continents who are keen to obtain the latest news from the ATP, WTA and ITF circuits. Furthermore, in 2015 BNP Paribas created the We Are Tennis Fan Academy, which enables fans to express their passion for tennis as never before. BNP Paribas also supports local tennis through crowdfunding campaigns designed to finance projects.
About BNP Paribas
BNP Paribas is the European Union’s leading bank and key player in international banking. It operates in 68 countries and has more than 193,000 employees, including nearly 148,000 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.
Innovative Platform, Eliant Inventory Solutions LP, to Address Critical Market Need for Working Capital Optimization and Supply Chain Resiliency
Eliant Launches with $1.3 Billion in Signed or Awarded Inventory Programs
NEW YORK, January 24, 2022 — Apollo (NYSE: APO) and its subsidiary Athene today announce they have entered into a strategic relationship with BNP Paribas, a premier global bank, to provide a dynamic new solutions platform for working capital and supply chain needs with the establishment of Eliant Inventory Solutions LP (“Eliant”).
Eliant provides domestic and multinational companies with strategic and responsive inventory capital solutions to better optimize their supply chains and balance sheets, and buffer inventories. For companies, this can mean greater resiliency, fewer supply chain disruptions and more efficient working capital management. Eliant is structured to own inventory at an efficient cost of capital, with a technology platform to seamlessly manage high-volume and complex customer needs. Eliant launches with strong customer demand, marked by $1.3 billion in signed or awarded inventory programs with blue-chip customers.
BNP Paribas, a leader in supply chain and trade finance solutions with long-standing expertise in the space, will provide debt and receivables financing as well as structuring advisory and referral services to Eliant. Athene will serve as the primary capital provider to Eliant, while Apollo will act as the investment manager, supporting an in-house team at Eliant that is delivering customized supply chain inventory solutions to customers across industries and geographies.
Apollo Partner Ephraim Rudman said, “Together with Athene, we have established Eliant to serve the growing market for flexible inventory and trade finance solutions, while helping our clients access high-quality, recurring asset origination. More and more companies are looking for economically efficient ways to strengthen their supply chains and bolster resiliency, while traditional financing sources have largely stopped originating these assets – creating a significant opportunity for us to engage as a solutions provider. We are excited to launch inventory solutions through our strategic relationship with BNP Paribas, which has a tremendous track record in trade finance, and together support Eliant’s growing team and capital needs.”
BNP Paribas Head of Trade & Treasury Solutions Americas Suresh Subramanian said, “The bank has established expertise in understanding the complete spectrum of supply chain financing solutions. Supply chain resiliency and working capital efficiency are key concerns of corporates, and through this strategic relationship with Apollo, we reinforce our commitment to innovative solutions that enable clients to quickly adapt to the challenges of the real economy.”
Eliant will focus on critical and strategic inventory for high-quality, global customers, employing diligent underwriting that aligns with the investment philosophies of Apollo and Athene and adds to their portfolio of origination platforms spanning commercial and consumer lending.
About Eliant
Eliant delivers supply chain resiliency and flexibility through creative working capital solutions. We work with multinational and domestic companies to bring additional certainty to their supply chains and inventories through cost effective financial solutions. Eliant is funded by subsidiaries and cedents of Athene Holding Ltd., and is overseen by affiliates of Apollo Global Management, Inc. (NYSE: APO). To learn more, please visit www.elianttrade.com.
About Apollo
Apollo is a global, high-growth alternative asset manager. In our asset management business, we seek to provide our clients excess return at every point along the risk-reward spectrum from investment grade to private equity with a focus on three business strategies: yield, hybrid, and equity. For more than three decades, our investing expertise across our fully integrated platform has served the financial return needs of our clients and provided businesses with innovative capital solutions for growth. Through Athene, our retirement services business, we specialize in helping clients achieve financial security by providing a suite of retirement savings products and acting as a solutions provider to institutions. Our patient, creative, and knowledgeable approach to investing aligns our clients, businesses we invest in, our employees, and the communities we impact, to expand opportunity and achieve positive outcomes. As of September 30, 2021, Apollo had approximately $481 billion of assets under management. To learn more, please visit www.apollo.com.
About Athene
Athene, a subsidiary of Apollo, is a leading retirement services company with total assets of $224.4 billion as of September 30, 2021 and operations in the United States, Bermuda, and Canada. Athene specializes in helping its customers achieve financial security and is a solutions provider to institutions. Founded in 2009, Athene is Driven to Do More for our policyholders, business partners, and the communities in which we work and live. For more information, please visit www.athene.com.
About BNP Paribas
BNP Paribas is the European Union’s leading bank and key player in international banking. It operates in 68 countries and has more than 193,000 employees, including nearly 148,000 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.
About BNP Paribas in the USA
BNP Paribas has built a strong and diversified presence in the United States to support its client base. The bank employs close to 14,000 people and has had a presence in the USA since the late 1800s. Bank of the West serves over 2 million individuals and small & businesses through a network of around 600 branches and business centers. Large corporate and institutional clients are serviced by BNP Paribas’ Corporate & Institutional Banking franchise that has a presence in the main US cities, in addition to a global reach through a network of offices in EMEA and APAC. The bank also offers asset management services through BNP Paribas Asset Management as well as Real Estate and Fleet Services through partnerships.
For more information, please see www.usa.bnpparibas.com/en/.
Forward-Looking Statements
This press release contains forward-looking statements that are within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements include, but are not limited to, discussions related to Apollo’s expectations regarding the performance of its business, its liquidity and capital resources and the other non-historical statements in the discussion and analysis and expectations regarding benefits anticipated to be derived from the merger (the “Merger”) with Athene. These forward-looking statements are based on management’s beliefs, as well as assumptions made by, and information currently available to, management. When used in this press release, the words “believe,” “anticipate,” “estimate,” “expect,” “intend,” “may,” “will,” “could,” “should,” “might,” “plan,” “seek,” “continue” and similar expressions are intended to identify forward-looking statements. Although management believes that the expectations reflected in these forward-looking statements are reasonable, it can give no assurance that these expectations will prove to have been correct. It is possible that actual results will differ, possibly materially, from the anticipated results indicated in these statements. These statements are subject to certain risks, uncertainties and assumptions, including risks relating to Apollo’s dependence on certain key personnel, Apollo’s ability to raise new Apollo funds, the impact of COVID-19, the impact of energy market dislocation, market conditions, and interest rate fluctuations, generally, Apollo’s ability to manage its growth, fund performance, the variability of Apollo’s revenues, net income and cash flow, Apollo’s use of leverage to finance its businesses and investments by Apollo funds, Athene’s ability to maintain or improve financial strength ratings, the impact of Athene’s reinsurers failing to meet their assumed obligations, Athene’s ability to manage its business in a highly regulated industry, changes in Apollo’s regulatory environment and tax status, litigation risks and Apollo’s ability to recognize the benefits expected to be derived from the Merger. Apollo believes these factors include but are not limited to those described under the section entitled “Risk Factors” in the joint proxy statement/prospectus filed by Apollo Global Management, Inc. (formerly known as Tango Holdings, Inc.) with the Securities and Exchange Commission (the “SEC”) on November 5, 2021, Apollo Asset Management Inc.’s (“AAM,” formerly known as Apollo Global Management, Inc.) Annual Report on Form 10-K filed with the SEC on February 19, 2021 and Quarterly Report on Form 10-Q filed with the SEC on May 10, 2021, and Athene’s Annual Report on Form 10-K filed with the SEC on February 19, 2021, amendment to its Annual Report on Form 10-K/A filed with the SEC on April 20, 2021 and Quarterly Report on Form 10-Q filed with the SEC on November 8, 2021, as such factors may be updated from time to time in Apollo’s, AAM’s or Athene’s periodic filings with the SEC, which are accessible on the SEC’s website at http://www.sec.gov. These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included in this press release and in other filings. Apollo undertakes no obligation to publicly update or review any forward-looking statements, whether as a result of new information, future developments or otherwise, except as required by applicable law. This press release does not constitute an offer of any Apollo fund.
Contacts
For Apollo and Athene:
Investors:
Noah Gunn
Global Head of Investor Relations, Apollo
(212) 822-0540
IR@apollo.com
Media:
Joanna Roses
Global Head of Corporate Communications, Apollo
(212) 822-0491
Communications@apollo.com
Amanda Carstens Steward
Head of Marketing & Corporate Communications, Athene
(515) 342 6473
Asteward@athene.com
Media:
For BNP Paribas:
Robert Madden
Media Relations
(917) 287-8501
Robert.Madden@us.bnpparibas.com
The Board of Directors of BNP Paribas met on 4 February 2021. The meeting was chaired by Jean Lemierre and the Board examined the Group’s results for the fourth quarter and endorsed the 2020 financial statements.
To read press release and global presentation: click HERE
Contacts:
Hacina Habchi
Tel : +33(0)7 61 97 65 20
hacina.habchi@bnpparibas.com
Sandrine Romano
Tel : +33(0)6 71 18 23 05
sandrine.romano@bnpparibas.com
Floriane Ettwiller
Tel : +33(0)7 62 27 48 34
floriane.ettwiller@bnpparibas.com
New York, January 7, 2021
BNP Paribas, a premier global bank, announces today it has appointed the Quantitative Investment Strategies group of Credit Suisse Asset Management (CSAM QIS) to serve as the allocation agent for the CSAM QIS Dynamic Multi-Factor Diversified Strategy (the “DMD7”) index.
The DMD7 index seeks to provide diversified exposures across a range of mutually complementary systematic investment indices offered by BNP Paribas. It offers investors simple access to a portfolio diversifier, in a synthetic format (unfunded) that aims to generate attractive performance while being broadly uncorrelated with stocks and bonds.
As a leader in the derivatives market, offering efficient trading and execution as well as high quality robust indices, BNP Paribas sponsors and calculates the DMD7 in accordance with its strong governance framework. CSAM QIS brings decades of experience designing and managing systematic investment strategies. CSAM QIS oversees the analysis and selection of BNP Paribas’ underlying index components on behalf of DMD7, and actively manages DMD7’s index component allocations and risk exposures.
Yung-Shin Kung, Head and CIO of CSAM QIS commented, “We are thrilled to collaborate with BNP Paribas in developing diversification strategies. Simplifying access to unfunded solutions offering transparency, liquidity and cost efficiency is increasingly important in today’s environment.”
“We’re very happy to be partnering with Credit Suisse on a key development goal for our QIS platform,” added Alexandre Billot, Quantitative Strategies & Solutions Sales, BNP Paribas. “As we continue to develop innovative and performing risk premia strategies in each asset class, covering various trading styles and objectives, we see a clear added-value in working closely with an expert team such as CSAM QIS to select the appropriate components and actively rebalance the portfolio. By combining our expertise, we expect the BNPXDMD7 to offer our clients and the market unique absolute returns.”
About BNP Paribas
BNP Paribas is a leading bank in Europe with an international reach. It has a presence in 71 countries, with approximately 199,000 employees, of which more than 151,000 in Europe. The Group has key positions in its three main activities: Domestic Markets and International Financial Services (whose retail-banking networks and financial services are covered by Retail Banking & Services) and Corporate & Institutional Banking, which serves two client franchises: corporate clients and institutional investors. 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, the Group has four domestic markets (Belgium, France, Italy and Luxembourg) and BNP Paribas Personal Finance is the European leader in consumer lending.
BNP Paribas is rolling out its integrated retail-banking model in Mediterranean countries, in Turkey, in Eastern Europe and a large network in the western part of the United States. In its Corporate & Institutional Banking and International Financial Services activities, BNP Paribas also enjoys top positions in Europe, a strong presence in the Americas as well as a solid and fast-growing business in Asia-Pacific.
About BNP Paribas in the USA
BNP Paribas has built a strong and diversified presence in the United States to support its client base. The bank employs close to 14,000 people and has had a presence in the USA since the late 1800s. Bank of the West serves over 2 million individuals and small & businesses through a network of around 600 branches and business centers. Large corporate and institutional clients are serviced by BNP Paribas’ Corporate & Institutional Banking franchise that has a presence in the main US cities, in addition to a global reach through a network of offices in EMEA and APAC. The bank also offers asset management services through BNP Paribas Asset Management as well as Real Estate and Fleet Services through partnerships.
For more information please see www.bnpp-v2b-deployment.beapi.space/usa_en/.
Important Legal Information
”Credit Suisse” and “the Credit Suisse logo” are service marks of Credit Suisse Group AG or one of its affiliates (collectively, “Credit Suisse”). Credit Suisse has no relationship to the BNP Paribas Group, other than the provision of index allocation services with respect to the CSAM QIS Dynamic Multi-Factor Diversified Strategy and the licensing of its service marks for use in connection with the “CSAM QIS Dynamic Multi-Factor Diversified Strategy”. BNP Paribas is the index sponsor and BNP Paribas Arbitrage SNC is the index calculation agent with respect to the CSAM QIS Dynamic Multi-Factor Diversified Strategy. BNP Paribas is solely responsible for the issuance and sale of Products (as defined below) related to the BNP Paribas Index.
“The CSAM QIS Dynamic Multi-Factor Diversified Strategy or any securities, investment funds, over-the-counter derivatives, products or other investment products linked to or referencing the CSAM QIS Dynamic Multi-Factor Diversified Strategy (“Products”) are not in any way sponsored, endorsed, or promoted by Credit Suisse and Credit Suisse does not make any warranty or representation whatsoever, expressly or impliedly, either as to the results to be obtained from the use of the CSAM QIS Dynamic Multi-Factor Diversified Strategy (“the Index”), the figure or level at which the said Index stands at any particular time on any particular day or otherwise, or the advisability of or results to be obtained by investing in or trading any Products. Credit Suisse shall not be liable for the results obtained by investing in or trading the Products. The Index is compiled, maintained and calculated by the BNP Paribas Group to who Credit Suisse provides index allocation services. However, Credit Suisse shall not be liable (whether in negligence or otherwise) to any person for any error or omission in the Index or in the calculation of the Index and Credit Suisse shall not be under any obligation to advise any person of any errors or omissions therein.”
Media Contacts:
Guy Taylor
+1-332-323-3704
guild.taylor@us.bnpparibas.com
Keely Gispan
+1-332-323-3705
keely.gispan@us.bnpparibas.com
The Board of Directors of BNP Paribas met on November 2, 2020. The meeting was chaired by Jean Lemierre and the Board examined the Group’s results for the third quarter 2020.
To read press release and global presentation: click HERE
Contacts:
Hacina Habchi
Tel : +33(0)7 61 97 65 20
hacina.habchi@bnpparibas.com
Sandrine Romano
Tel : +33(0)6 71 18 23 05
sandrine.romano@bnpparibas.com
Floriane Ettwiller
Tel : +33(0)7 62 27 48 34
floriane.ettwiller@bnpparibas.com
INDIAN WELLS, Calif., August 18, 2020 – BNP Paribas and subsidiary Bank of the West, global leaders in supporting both amateur and professional tennis, have awarded the fifth annual BNP Paribas Open Scholarships to Palm Springs High School students Ryan Romero, Reese Buchanan, Lillian Barranco-Ramirez and Emunah Daffon. Although the 2020 BNP Paribas Open was not held, the scholarships were still awarded to the deserving winners virtually. Each student received a $15,000 college grant to assist them in their academic pursuits during the 2020-2021 school year.
“BNP Paribas is very happy to present these four outstanding students with scholarships,” said Jean-Yves Fillion, CEO of BNP Paribas USA. “Ryan, Reese, Lillian and Emunah are tremendous young men and women who have made incredible contributions to their schools, communities and families. We are proud to support them in the next phase of their lives as they embark upon what are sure to be bright futures.”
“During these challenging times, we are pleased to recognize and honor these individuals for their tremendous achievements and their continued focus and drive,” said Nandita Bakhshi, President and Chief Executive Officer at Bank of the West. “The BNP Paribas Open Scholarship illustrates our continued commitment to our communities and will enable these students to pursue their dreams and open up a world of possibilities, both in and out of the classroom. We look forward to following their journeys.”
Ryan excels not only in the classroom, but also in extracurricular activities such as varsity tennis and basketball. He volunteers his time in physical therapy sessions to help others and plans to use this scholarship to pursue his goal of attending medical school and becoming a surgeon. Ryan will attend the University of California San Diego this fall.
Reese was an integral part of the Palm Springs High School community, participating in sports such as varsity tennis, soccer and cross-country, as well as serving as the Vice President of the school’s Garden Club and Historian of the Rotary Club. Reese plans to pursue a Biomedical Engineering degree in college to provide for his family and improve the livelihood of those closest to him. He will attend the University of California, Santa Barbara beginning in August.
Lillian immersed herself in both sports and academics while at Palm Springs High School, participating in varsity tennis and soccer while simultaneously volunteering at organizations involved in youth football and little league baseball. She will begin her college education this August at Cal State Long Beach, where all classes have been moved online in light of the ongoing pandemic. Lillian plans to obtain her bachelor’s degree in biology before attending medical school to become a doctor.
As a three-year member of the Palm Springs High School varsity tennis team, Emunah has been a shining example of a hardworking and committed student-athlete. She will embark on her collegiate career this August at College of the Desert, where she will also continue her career in tennis. Due to the effects of the COVID-19 pandemic, Emunah will begin her education in a virtual environment, while her freshman year tennis season will now take place in the spring of 2021. During this period of uncertainty, Emunah has been focusing on improving her health and fitness, and enjoying the extended time with her family.
Emmunah Daffon will attend College of the Desert this fall.
Reese Buchanan plans to attend the University of California Santa Barbara this fall.
Lillian Barranco-Ramirez will attend Cal State Long Beach this fall.
Ryan Romero will attend the University of California San Diego this fall.
About the BNP Paribas Open
The BNP Paribas Open is the largest ATP Tour and WTA combined two-week event in the world and is held annually at the Indian Wells Tennis Garden. The tournament offers more than $17 million in prize money and is the only event to provide the Hawk-Eye line challenge system on all match courts, including qualifying rounds. For more information, visit www.bnpparibasopen.com.
About BNP Paribas
BNP Paribas is a leading bank in Europe with an international reach. It has a presence in 71 countries, with approximately 199,000 employees, of which more than 151,000 in Europe. The Group has key positions in its three main activities: Domestic Markets and International Financial Services (whose retail-banking networks and financial services are covered by Retail Banking & Services) and Corporate & Institutional Banking, which serves two client franchises: corporate clients and institutional investors. 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, the Group has four domestic markets (Belgium, France, Italy and Luxembourg) and BNP Paribas Personal Finance is the European leader in consumer lending. BNP Paribas is rolling out its integrated retail-banking model in Mediterranean countries, in Turkey, in Eastern Europe and a large network in the western part of the United States. In its Corporate & Institutional Banking and International Financial Services activities, BNP Paribas also enjoys top positions in Europe, a strong presence in the Americas as well as a solid and fast-growing business in Asia-Pacific.
About Bank of the West
At Bank of the West, we know money deposited in a bank has the power to finance positive change. So we are taking action to ensure our activities help protect the planet, improve people’s lives, and strengthen communities. We are redefining banking for a better future by focusing on areas where we believe we can have a real impact: supporting energy transition, helping enable women entrepreneurs, and financing innovative start-ups. As the bank for a changing world, Bank of the West is committed to sustainable finance along with our parent company BNP Paribas. Through Digital Channels and offices across the U.S., Bank of the West provides financial tools and resources to more than 2 million individuals, families and businesses.
© 2020 Bank of the West. Member FDIC. Equal Housing Lender. Doing business in South Dakota as Bank of the West California.
Media Contacts:
Keely Gispan
BNP Paribas
332-323-3705
Keely.gispan@us.bnpparibas.com
Emily Iwan
Bank of the West
415-432-3696
media.relations@bankofthewest.com
Board of Directors of BNP Paribas met on 30 July 2020. The meeting was chaired by Jean Lemierre and the Board examined the Group’s results for the second quarter 2020 and endorsed the interim financial statements for the first half of the year.
To read press release and global presentation: click HERE
Contacts:
Hacina Habchi
Tel : +33(0)7 61 97 65 20
hacina.habchi@bnpparibas.com
Sandrine Romano
Tel : +33(0)6 71 18 23 05
sandrine.romano@bnpparibas.com
Floriane Ettwiller
Tel : +33(0)7 62 27 48 34
floriane.ettwiller@bnpparibas.com