Corporate & Institutional Banking Archives - Page 3 of 4

Creates Global Credit Markets Americas, integrating the credit market activities of Global Markets Americas and Global Banking Americas under a single management structure
Organizes origination activities into High Grade Finance, Asset Finance & Securitization and Leveraged Finance
Hires Christopher Blum as Head of Leveraged Finance for North America

New York, July 23, 2018: BNP Paribas, as part of its CIB 2020 development plan, is committed to strengthening and enhancing its credit activities in the Americas as well as expanding and deepening its corporate, institutional and sponsor client base.

In order to streamline the organization to support this growth plan, BNP Paribas has created a new unit called Global Credit Markets Americas bridging the existing credit units of Global Markets Americas and Global Banking Americas. This new unit integrates all primary origination, financing & syndication and secondary sales, trading & research activities across credit products into one platform.

The platform will be headed by Matthew Salvner, with Dan Cozine becoming Deputy Head focused on primary markets activities.

Origination within Global Credit Markets Americas will be reorganized into three areas:

High Grade Finance will include the Bond and Loan Origination & Structuring teams covering Corporate Investment Grade, Financial Institution and Latin American clients.
Asset Finance & Securitization brings together ABS, RMBS & CLO Securitization with the Asset Finance teams covering Power, Infrastructure & Project Finance, Export Finance, Transportation Finance, Metals & Mining Structured Debt, and Asset Based Lending into one platform encompassing all structured debt products.
Leverage Finance will include all leveraged loan and high yield bond activities with both corporate and sponsor clients.

The development of the bank’s presence in leveraged finance and high yield is part of the development plan, and the bank is pleased to announce the appointment of Christopher Blum as Head of Leveraged Finance for North America. In this role, Chris will oversee the growth of all leveraged finance and high yield origination with all sponsor and corporate clients. Chris brings to this role close to 20 years of experience in leveraged finance and high yield, most recently as Co-Head of Leveraged Finance at Deutsche Bank.

Bob Hawley, CEO of CIB Americas, stated: “As part of our regional goals for the Group’s 2020 plan, CIB Americas plans to expand our credit market activities, which include strengthening our origination platform, and as part of that enhancing our Leveraged Finance franchise. This combined origination platform will help us expand domestically in addition to helping us further grow our transatlantic capabilities, where the bank holds leading positions, and continue to support diverse European issuers in the Americas markets and vice versa.”

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 over 16,000 people and has had a presence in the USA since the late 1800s. Bank of the West and First Hawaiian Bank (together BancWest, part of Retail Banking & Services) serve nearly 3.5 million individual, wealth and SME clients through a branch network of more than 650 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 Investment Partners (part of Retail Banking & Services) as well as Real Estate and Fleet Services through partnerships.
www.usa.bnpparibas

About BNP Paribas Group
BNP Paribas is a leading bank in Europe with an international reach. It has a presence in 73 countries, with more than 196,000 employees, including around 149,000 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.
www.group.bnpparibas

Press Contacts
Mylene Benmoussa
+1 646 322 5221
mylene.benmoussa@us.bnpparibas.com

Guy Taylor
+1 917 767 1593
guild.taylor@us.bnpparibas.com

Follow us on Twitter: @BNPPamericas

As BNP Paribas continues to evolve its platform in the region and build on the significant growth to date, as well as reinforce its commitment to clients, it is pleased to announce the appointments of several executive members:

Jean-Yves Fillion: CEO of BNP Paribas USA and CEO of CIB Americas becomes Chairman of CIB Americas and continues to serve as CEO of BNP Paribas USA, BNP Paribas’ intermediate holding company that oversees the bank’s wholesale and retail activities including Bank of the West and First Hawaiian. In these two roles, Mr. Fillion is responsible for the bank’s regional corporate strategy and will sponsor the bank’s relationships with the region’s most important clients and external stakeholders. Mr. Fillion has been with BNP Paribas for 33 years, 26 of which he has spent in the United States between Chicago, Los Angeles and New York.

Bob Hawley: Deputy CEO CIB Americas becomes CEO of CIB Americas. Reporting to Jean-Yves Fillion regionally and to Yann Gérardin, Head of Corporate and Institutional Banking, globally, Mr. Hawley will continue to serve as Head of the Institutional Platform Americas (which includes Global Markets, Securities Services and Financial Institutions Client Coverage) and Head of Global Markets Americas. Mr. Hawley will also be responsible for the Brazilian CIB platform. He has been with BNP Paribas since 1997 in increasing roles within CIB in Tokyo, Hong Kong, London and New York.

Pierre Veyres: is appointed Deputy Head of CIB Americas and Head of the Corporate Platform Americas, (which includes Corporate Coverage, Financing Solutions, Credit and Portfolio Management and Advisory). Reporting to Bob Hawley, Mr. Veyres will be responsible for leading the Group’s strategy to grow the corporate franchise and will be a member of the CIB Americas Executive Committee. He will oversee the CIB platforms in Hispanic LATAM and Canada. Mr. Veyres joins the Americas team from APAC, where he has served as the CEO of the BNP Paribas Singapore branch as well as the Head of Territory for Singapore and Head of CIB Southeast Asia since October 2013.

Philippe Ricard: appointed COO CIB Americas. Mr. Ricard, who’s been in the region since 2017, is replacing Bruno d’Illiers, who is moving to a new role with the Bank in Paris. In his capacity as COO CIB Americas, Mr. Ricard will report to Bob Hawley. Mr. Ricard will continue to serve as COO of BNP Paribas USA, for which he reports to Mr. Fillion. Since joining the Group in 1989, Mr. Ricard has held a wide range of leadership positions across BNP Paribas’ key regions and businesses, most recently as Global Head of Asset and Fund Services within BNP Paribas Securities Services.

Sonja Volpe: Country Head of Canada. Ms. Volpe brings over 17 years of experience covering Canadian financial institutions and public sector clients. She first joined BNP Paribas in 2015 as Head of Financial Institutions Coverage in Canada and has been instrumental in developing the bank’s institutional client franchise in the region. She will continue to drive the bank’s business growth as well as further develop Canada as an operational platform in the region. With over 800 employees in offices in Montreal and Toronto, Canada plays an important role in the Americas.

Thalès Gabay: appointed Head of ALM Treasury CIB Americas. Mr. Gabay is replacing Jonathan Light, who is retiring. Mr. Gabay most recently served as Head of ALMT for APAC, following a successful tenure as Head of ALMT for the Latin America region.

Amanda Rajkumar: appointed Head of Human Resources for BNP Paribas USA and CIB Americas. Ms. Rajkumar brings with her over 25 years’ experience in Human Resources within the investment banking arena. She joined BNP Paribas in May 2009 as Head of HR for BNP Paribas Securities Services in the UK, and most recently, she was responsible for Global Markets and Financial Institutions Coverage Human Resources in London and previous to that headed Global Fixed Income Human Resources for 5 years.

Emmanuelle Bury: appointed Chief Conduct and Control Officer (CCCO) for BNP Paribas USA and CIB Americas. Ms. Bury comes from BNP Paribas Paris, where she was the Global COO for the ALM Treasury Group. She will be joining the CIB Americas Executive Committee and will ensure that all Conduct & Control matters are well incorporated into the governance and working principles of all business lines.

All appointments are effective in June except: Sonja Volpe, effective July 1; Philippe Ricard, effective August 1; and Pierre Veyres, effective September 1.

Yann Gérardin, Head of Corporate and Institutional Banking, said: “BNP Paribas has experienced solid growth over the past few years, and now, backed by the Bank’s commitment to invest substantial capital and resources in our Americas platform, we are poised to elevate our business to the next level. A key factor in our success remains our continued focus on our clients: supporting their needs globally and providing them with strategic guidance. To support this mission we are investing in our leadership, which includes these appointments.“

Jean-Yves Fillion, CEO of BNP Paribas USA & Chairman of CIB Americas, said of the appointments: “BNP Paribas is at a pivotal moment for the Americas platform. As the competitive landscape evolves, our business is well-positioned to continue our strong progress toward becoming one of the top European banks in the region. We have a tremendous opportunity in front of us in both our wholesale and retail businesses as a unified region with a global offering that differentiates the bank in the marketplace. I am excited for what the bank will achieve in the years ahead.”

PRESS CONTACTS

Ilias Catsaros
+1 917 254 6365
ilias.catsaros@us.bnpparibas.com

Mylene Benmoussa
+1 646 322 5221
mylene.benmoussa@us.bnpparibas.com

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 over 16,000 people and has had a presence in the USA since the late 1800s. Bank of the West and First Hawaiian Bank (together BancWest, part of Retail Banking & Services) serve nearly 2.5 million individuals and businesses through a network of more than 650 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 (part of Retail Banking & Services) as well as Real Estate and Fleet Services through partnerships. www.usa.bnpparibas.

About BNP Paribas

BNP Paribas is a leading bank in Europe with an international reach. It has a presence in 73 countries, with more than 196,000 employees, including more than 149,000 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, corporate 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.

April 3, 2018

New York and Denver – BNP Paribas Securities Services, a leading global custodian with over $11.3 trillion in assets under custody, and Janus Henderson Investors (NYSE:JHG, ASX:JHG), today announced that Janus Henderson’s middle and back-office operations in the US have been transferred to BNP Paribas, marking a major expansion of the bank in the country. The transaction was announced on November 9, 2017.

This transaction is part of BNP Paribas’ 10-year strategic build-out of its Securities Services business in the US, and provides the bank with a proven US mutual fund administration and accounting platform.

More than 100 Janus Henderson employees, based in Denver, Colorado, have transitioned to BNP Paribas. The bank is committed to growing its presence in Denver, where its mutual fund administration hub will now be located. Other Securities Services operational hubs in the US include King of Prussia, Pennsylvania for hedge fund administration and Jersey City, New Jersey for custody and clearing.

As part of the transaction, BNP Paribas becomes the fund services provider for Janus Henderson’s US regulated mutual funds, representing $138 billion in assets.

Claudine Gallagher, Head of the Americas for BNP Paribas Securities Services, said: “We have a long-standing relationship with Janus Henderson and are pleased to further this partnership.

“We are also delighted to welcome Janus Henderson’s staff of fund servicing professionals, whose combined expertise will enable us to deliver a seamless transition for Janus Henderson and its clients. As we continue to build out our US business, we will be able to offer the market an integrated middle-to-back office platform, offering ’40 Act fund accounting, fund administration and custody.”

Dick Weil, Co-Chief Executive Officer at Janus Henderson Investors, said: “Having worked closely with the BNP Paribas team on this transaction over the course of the past few months, we have been impressed by their commitment to making this transition a success and feel confident that they will deliver superior service to our clients. BNP Paribas has been an excellent partner. I look forward to extending this in the years ahead.”

With $2.8 trillion in assets under administration, and a global reach covering over 90 markets, BNP Paribas aims to support its clients in realizing their investment opportunities across the world and across all asset classes.

About BNP Paribas Securities Services

BNP Paribas Securities Services, a member of the BNP Paribas Group, is a leading global custodian and securities services provider. Backed by the strength of the BNP Paribas Group, BNP Paribas Securities Services provides multi-asset post-trade and asset servicing solutions for buy- and sell-side market participants, corporates and issuers. With a presence in 36 countries and a global reach covering over 90 markets, its network is one of the most extensive in the industry, enabling clients to maximize their investment opportunities worldwide.

About Janus Henderson

Janus Henderson is a leading global active asset manager dedicated to helping investors achieve long-term financial goals through a broad range of investment solutions, including equities, quantitative equities, fixed income, multi-asset and alternative asset class strategies.

As at 31 December 2017, Janus Henderson had approximately US$371 billion in assets under management, more than 2,000 employees and offices in 27 cities worldwide. Headquartered in London, the company is listed on the New York Stock Exchange (NYSE) and the Australian Securities Exchange (ASX).

BNP Paribas Press Contacts

North America
Jamie Somohano
+1 212 841 2406
jamie.somohano@us.bnpparibas.com

EMEA
Caroline Lumley
+44 (0) 20 7410 4650
caroline.lumley@uk.bnpparibas.com

Janus Henderson Investors Press Contacts

North America
Erin Passan, +1 303 394 7681
erin.passan@janushenderson.com

EMEA
Angela Warburton, +44 (0) 20 7818 3010
angela.warburton@janushenderson.com

Janus Henderson Investors Investor Enquiries

John Groneman, +44 (0) 20 7818 2106
john.groneman@janushenderson.com

BNP Paribas to Leverage GTS’ Trading Technology to further improve pricing to clients in the secondary market for U.S. Treasuries

This Strategic Collaboration Marks a New Era for Banks and Electronic Market Makers

NEW YORK, NY, November 16, 2017—BNP Paribas, a leading European provider of banking and financial services, and GTS, a New York-based global electronic market maker, today announced a strategic collaboration marking a new era for banks and electronic market makers. This collaboration will enable BNP Paribas to leverage GTS’ trading and technology capabilities with the goal of providing BNP Paribas’s clients with deeper liquidity, tighter spreads and further improved pricing in the US Treasuries secondary market.

BNP Paribas, with its strong presence in corporate and institutional banking and its top-ranked position in a number of fixed income and equity markets, and GTS, with its technology and electronic market making capabilities, will leverage their respective strengths to continue to develop the collaboration.

Under terms of the strategic collaboration, BNP Paribas will seek to improve the client experience by providing improved pricing in the secondary market for US Treasuries by the addition of GTS liquidity into its pricing framework. A dedicated team from both firms will leverage a mutually developed technology platform that seeks to provide BNP Paribas with access to greater liquidity, thereby enabling the bank to offer improved execution quality for clients as they trade directly with BNP Paribas.

Olivier Osty, Executive Head of Global Markets at BNP Paribas, said:

“The US is an important market for BNP Paribas, and we are fully committed to expanding our capital markets franchise by focusing on our clients and their demand for improved liquidity and better transparency. This innovative collaboration with GTS illustrates how we work with firms that are experts in financial technology to enhance our client offering across the Bank’s value chain. It is an important step in our ambition to become a leading digital capital markets house in the financial services industry.”

Ari Rubenstein, Co-Founder and Chief Executive Officer of GTS, said:

“This collaboration is a transformative moment for capital markets and reflects the next phase in the evolution of relationships between banks and electronic market makers, which provide investors with a low cost and more efficient trading experience. GTS continues to focus on innovative methods of providing more liquidity in more places by broadening access to our trading technology and building platforms for the future.”

About BNP Paribas

BNP Paribas is a leading bank in Europe with an international reach. It has a presence in 74 countries, with more than 190,000 employees, including more than 146,000 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 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. In the United States, BNP Paribas conducts securities business, including in US Treasuries, through its affiliate, BNP Paribas Securities Corp., a FINRA member that is registered with the US Securities and Exchange Commission as a broker-dealer.

About GTS

GTS is a global electronic market maker, powered by combining market expertise with innovative, proprietary technology. As a quantitative trading firm continually building for the future, GTS leverages the latest in artificial intelligence systems and sophisticated pricing models to bring consistency, efficiency, and transparency to today’s financial markets. GTS accounts for over 3-5% of daily cash equities volume in the U.S. and trades over 10,000 different instruments globally. GTS is the largest Designated Market Maker(DMM) on the floor of the New York Stock Exchange, responsible for more than $12 trillion of market capitalization. For more information, please visit: GTSX.com.

Media Contacts:

Mylene Benmoussa, BNP Paribas, NY
212 841 2351
mylene.benmoussa@us.bnpparibas.com

Sarah Worsley, BNP Paribas, Paris
+33 (0)6 64 36 74 35
Sarah.worsley@bnpparibas.com

Brett Philbin, Edelman
212-704-8263
brett.philbin@edelman.com

Denver and New York – Janus Henderson Investors (NYSE:JHG, ASX:JHG) today announced that BNP Paribas Securities Services, a leading global custodian with over $10 trillion in assets under custody as of September 30, 2017, will assume responsibility for the majority of Janus Henderson’s back office (including fund administration and fund accounting), middle office and custody functions in the U.S.

As part of this partnership, more than 100 Janus Henderson employees currently providing middle and back office functions in the U.S. will become employees of BNP Paribas. This continuity will support a seamless transition and consistent, high-quality service for clients.

Janus Henderson has a long-standing partnership with BNP Paribas outside of the U.S. with a strong track record of support and service delivery. This outsourced model will provide a single and consistent global platform to support the global growth of Janus Henderson. The partnership will leverage the broader expertise of BNP Paribas to provide best practice and leading industry approaches to global regulatory and industry issues.

Andrew Formica, Co-Chief Executive Officer at Janus Henderson Investors, said: “The expansion of our partnership with BNP Paribas to include U.S. services is yet another benefit to clients resulting from the merger between Janus and Henderson. BNP Paribas has been an excellent partner since we began our relationship more than 15 years ago.”

Dick Weil, Co-Chief Executive Officer at Janus Henderson Investors, said: “We are excited to announce a partnership that supports the continuity of individuals providing these functions and is expected to provide a seamless transition for clients.”

Clients will benefit from BNP Paribas Securities Services’ expertise in back and middle office services. Janus Henderson fund shareholders will also benefit from lower administration fees and expenses, as a result of the reduction in overall operating costs associated with these functions.

This is an important strategic step for BNP Paribas, providing it with a proven U.S. mutual fund administration and accounting platform, and enabling it to expand its global fund servicing offering.

This partnership is part of BNP Paribas’ 10-year strategic build-out of the firm’s Securities Services business in the U.S., which began with the launch of global and U.S. custody in 2012. BNP Paribas is committed to growing its presence in Denver where one of the firm’s fund servicing hubs will be located.

Patrick Colle, CEO of BNP Paribas Securities Services, said: “We are delighted to further broaden our long-time partnership with Janus Henderson. This is a transformational opportunity for both our U.S. platform and our global funds business. We are now able to offer a complete multi-asset class, middle-to-back office solution, covering all major markets in the world, including the U.S.”

Claudine Gallagher, Americas Head of BNP Paribas Securities Services, added: “We are excited to expand our capabilities for asset managers in the U.S. through this partnership, and look forward to providing high-quality service to Janus Henderson and its clients.”

BNP Paribas will pay Janus Henderson net consideration of approximately $36 million for the operations upon closing, which is anticipated for March 2018.

About Janus Henderson

As at 30 September 2017, Janus Henderson had approximately US$361 billion in assets under management, more than 2,000 employees and offices in 27 cities worldwide. Headquartered in London, the company is listed on the New York Stock Exchange (NYSE) and the Australian Securities Exchange (ASX).

About BNP Paribas Securities Services

Janus Henderson Investors Press Contacts

North America
Erin Passan
+1 303 394 7681
erin.passan@janushenderson.com

EMEA
Angela Warburton
+44 (0) 20 7818 3010
angela.warburton@janushenderson.com

Janus Henderson Investors Investor Enquiries
John Groneman
+44 (0) 20 7818 2106
john.groneman@janushenderson.com

BNP Paribas Press Contacts

North America
Jamie Somohano
+1 212 841 2406
jamie.somohano@us.bnpparibas.com

EMEA
Caroline Lumley
+44 (0) 20 7410 4650
caroline.lumley@uk.bnpparibas.com

Simon Danaher
+44 (0) 20 7595 9108
Simon.danaher@uk.bnpparibas.com

BNP Paribas is pleased to announce the appointment of Donald (Don) Sutton as Head of North America Corporate Coverage. Don will be based in New York and report to Bob Hawley, Deputy Head of CIB Americas, Business & Head of Global Markets Americas.

Don will be responsible for expanding the Bank’s client base, building on the significant growth the platform has experienced over the past few years, and positioning BNP Paribas as a strategic partner to its corporate clients. Don will work in close partnership with BNP Paribas’ Latin American, European and Asian teams to cultivate the Bank’s ties with its globally strategic clients, as well as to develop its partnership with subsidiary Bank of the West. He will take over the department from Richard (Rick) Broeren, who retired a few months ago.

Speaking about Don’s appointment, Jean-Yves Fillion, CEO of BNP Paribas USA* and Head of CIB Americas, said: “Don’s extensive expertise renders him extremely capable of building on the significant progress made with the Bank’s corporate clients to date, developing our sector focus, expanding our dialogue with strategic clients and growing our mid-cap footprint locally in conjunction with Bank of the West.”

Don Sutton added, “I am very excited to be joining BNP Paribas and looking forward to contributing to the continued growth of the Bank’s franchise in North America.”

Don joins BNP Paribas from Mizuho Bank, where he was co-Head of North America Corporate Coverage and responsible for growing the bank’s platform. Prior to that, he spent nearly 20 years at ABN/RBS in the US, where he advised its largest clients in the region and assisting with the integration of various acquisitions. Don graduated from St. John’s University and completed his MBA at Columbia Business School.

*BNP Paribas USA is BNP Paribas’ intermediate holding company that oversees its US wholesale and retail activities.

About BNP Paribas Group
BNP Paribas is a leading bank in Europe with an international reach. It has a presence in 75 countries, with more than 189,000 employees, including more than 146,000 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 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.
www.group.bnpparibas/

Contacts
Mylene Benmoussa, Media Relations, BNP Paribas, New York | +1 212 841 2351
Jamie Somohano, Media Relations, BNP Paribas, New York | +1 212 841 2406

BNP Paribas continues to be recognized for its leadership worldwide in Sustainability. For the second year in a row, the Bank was named the ‘Most Innovative Investment Bank for Climate Change and Sustainability” by The Banker magazine, and for the third straight year was listed in the Dow Jones World and Europe Sustainability Indexes.

In its 2017 Investment Banking Awards issue in September, The Banker praised BNP Paribas’ sustainable efforts, ranging from the supply chain finance program created for Puma to the World Bank’s first bond tied to the United Nations Sustainable Development Goals (SDGs). BNP Paribas also received specific mention on two U.S. transactions: Joint book-runner on $139mm green ABS by Solar Mosaic (led in Jan 2017 by our Global Markets teams) and Structuring of the 2016 Social Impact Bond for the State of Connecticut (led by CSR.)

The magazine said, “For the second year in a row, the French bank pick up the trophy for one of the most competitive categories. The depth and variety of its work that incorporates different aspects of socially responsible investing (SRI) has given it an edge over its rivals.”

Yann Gerardin, Global Head of Corporate and Institutional Banking (CIB), BNP Paribas said, “The bank has a dedicated sustainable capital markets team, but SRI principles permeate the entire CIB. Management requires every coverage banker to be able to speak with their clients, be it corporates or institutional investors, about sustainability.”

Meanwhile, BNP Paribas scored 86/100 in the annual RobecoSAM rankings included in this year’s Dow Jones World and Europe Indices – far surpassing the average score of the Banking sector at 58/100. With scores of 100/100, the Group has particularly performed well in risk management and climate strategy in favor of energy transition. The Group has also significantly improved its scores in the fields of the respect of Human Rights, the Health and Safety of employees and the Code of Conduct. Out of 274 banks, BNP Paribas is the first French Bank and one of nine European banks listed in these indices.

The Dow Jones World and Europe Sustainability Indexes evaluate the performance of the 2,500 largest companies listed on the Dow Jones Global Market Index against economic, environmental, and social criteria.

For more, visit https://group.bnpparibas/en/news/bnp-paribas-listed-2017-dow-jones-sustainability-indexes-world-europe

Marcelo Carvalho, Head of Emerging Market Research, Latam at BNP Paribas, wrote an informative article explaining the correlation between the U.S. dollar and emerging markets for CNBC.

The article, “As US stocks get slammed, these markets are primed for growth” describes 3 factors:

Political turmoil and high stock valuations in the U.S. are creating an uncertain market for investors
Global growth, low inflation and interest rates are creating a sweet spot for developing nations
Emerging markets are taking off, with Latin America and Brazil in particular, leading the way

Click here to read the article

BNP Paribas today announced a settlement with the Board of Governors of the Federal Reserve System (“FRB”) relating to past misconduct in its foreign exchange business.

Under this settlement with the FRB, BNP Paribas will pay a fine of USD 246 million (approximately 215 million euros) which will be covered by existing provisions. This follows the announcement by BNP Paribas of a settlement with the New York State Department of Financial Services on the 24^th May relating to the same issue.

In reaching this settlement, the FRB acknowledged the Group wide remediation initiatives and the full cooperation of BNP Paribas in the investigation.

The conduct which led to this settlement occurred during the period from 2007 to 2013. Since this time, BNP Paribas has proactively implemented extensive measures to strengthen its systems of control and compliance. The Group has increased resources and staff dedicated to these functions, conducted extensive staff training and launched a new Code of Conduct which applies to all staff.

BNP Paribas deeply regrets the past misconduct which was a clear breach of the high standards on which the Group operates.

Conducting its business in a responsible and ethical manner is a cornerstone of BNP Paribas’ values and the Group will continue to make improvements to ensure that it delivers on its responsibilities to all its stakeholders.

About BNP Paribas

BNP Paribas is a leading bank in Europe with an international reach. It has a presence in 74 countries, with more than 192,000 employees, including more than 146,000 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 realise 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 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.

Press Contacts
Julia Boyce julia.boyce@bnpparibas.com +33 1 43 16 82 04
Coralie France-Savin coralie.francesavin@bnpparibas.com + 33 1 40 14 94 89
Sarah Worsley sarah.worsley@bnpparibas.com +33 1 40 14 65 14
Alexandra Umpleby alexandra.umpleby@uk.bnpparibas.com+44 20 75 95 2436
Mylene Benmoussa mylene.benmoussa@us.bnpparibas.com +1 212 841 2351

BNP Paribas today announced it has been named “World’s Best Bank for Corporates” for 2017 by Euromoney, the leading financial publication. The global accolade was one of six awards won in total by BNP Paribas, which also included the regional category “Best Digital Bank in Western Europe”.

Overall, BNP Paribas won the following awards:

World’s Best Bank for Corporates
Best Digital Bank in Western Europe
Best Investment Bank in Belgium
Best Bank in France
Best Bank in Kosovo
Best Bank in Luxembourg

For almost 50 years, Euromoney has been the leading publication for covering the growth of international finance. Over the past 12 months its coverage has included interviews with close to 100 bank CEOs, ministers of finance and central bank governors around the world. The awards were established in 1992 and were the first of their kind in the global banking industry. This year Euromoney received almost 1,500 submissions from banks in an awards programme that covers 20 global awards, more than 50 regional awards, and best bank awards in close to 100 countries.

Clive Horwood, Editor, Euromoney said:
“While many national champions retrench to their home markets, BNP Paribas is one of the few firms actively broadening its reach into new markets and new clients. Its profile as one of the few truly global corporate banks, alongside its commitment to digital solutions – including co-development with its corporate clients – is proving more suited than ever to the environment in which it operates.”

Commenting on winning “World’s Best Bank for Corporates”, Yann Gerardin, Head of Corporate and Institutional Banking, BNP Paribas, said: “The last 12 months have seen us accelerate the transformation of our business, the aim being to meet more needs, of more clients, more effectively. Euromoney’s acknowledgement of our progress is encouraging and a function of three factors: the support of the entire BNP Paribas Group; the commitment of our teams; and the trust our clients continue to show in us. This award – alongside the other five we have won – is recognition of their contribution, and my sincere thanks go to all.”

Press contacts
Alexandra Umpleby +44 20 75 95 2436　 alexandra.umpleby@uk.bnpparibas.com
Andrew Achimu +44 20 75 95 6647 andrew.achimu@uk.bnpparibas.com
Sarisher Mann +44 20 75 95 8150 sarisher.mann@uk.bnpparibas.com