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

 

The Board of Directors of BNP Paribas met on 4 May 2020. The meeting was chaired by Jean Lemierre, and the Board examined the Group’s results for the first quarter 2020.

Commenting on these results, Chief Executive Officer Jean-Laurent Bonnafé, stated at the end of the meeting:

In response to the health crisis, the Group’s teams have mobilized around the world to contribute to the functioning of the economy and its financing.

Our concerns have been to protect our employees who are fully mobilized to ensure banking services, to quickly implement solutions to support the financing of our corporate, institutional and individual clients, and to launch in all regions where we are present a plan for emergency donations to the hospital sector and organizations committed to assist vulnerable people.

At the end of a quarter supported by an excellent business drive, in line with its 2020 objectives, the results of BNP Paribas for the 1st quarter 2020 were impacted by the harshness of the health crisis. The good resilience of revenues and results despite this shock demonstrates the robustness of the Group’s diversified and integrated model.

With all teams at BNP Paribas, whose I want to thank tireless commitment to serving customers and providing support to society, we will continue our efforts to mitigate the impact of the crisis on the economy and prepare for the future.”

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

 

 

  • Includes significant allocation to the Americas, including in the US with donations from BNP Paribas USA and its affiliate, Bank of the West
  • Over $55 million in direct support to more than 30 countries providing locally for hospitals and vulnerable populations
  • In addition to other initiatives, BNP Paribas USA donates to NYC Health + Hospitals and Bank of the West donates to four hospitals in its West Coast footprint

NEW YORK and SAN FRANCISCO, April 09, 2020 (GLOBE NEWSWIRE) — BNP Paribas, a premier global bank, today announces additional global aid for the medical sector and at risk populations fighting the COVID-19 virus with donations now totaling over $55 million worldwide. This includes significant allocation to the Americas, including in the US with donations through BNP Paribas USA and its affiliate, Bank of the West.

BNP Paribas and its subsidiaries around the world mobilized from the start of the health crisis to support the hospital system, medical research and institutions that help the most vulnerable and disadvantaged.

BNP Paribas USA, including its affiliate Bank of the West, is making five large donations to hospitals around the US:

  • Martin Luther King, Jr. Community Hospital in Los Angeles to help fund COVID-19 programs
  • NYC Health + Hospitals and the USTA to provide direct support to some of the hardest-hit hospitals in the NYC area including Bellevue, Elmhurst, and Lincoln, as well as to the new field hospital being constructed at the USTA Billie Jean King Tennis Center in Queens
  • UCSF Medical Center in San Francisco to fight COVID-19 in the Bay Area
  • PIH Health Good Samaritan Hospital in Los Angeles to procure critical medical supplies
  • Swedish Medical Center in Seattle to help fund COVID-19 testing

The bank is also contributing:

  • Personal Protective Equipment (PPE): Bank of the West donated nearly 500,000 masks to hospitals in the communities it serves. BNP Paribas USA is also donating an additional 100,000 masks in the US
  • Employee Match: BNP Paribas and Bank of the West employee donations are being matched 1:1 to charities supporting certain COVID-19 relief efforts
  • Virtual Volunteering: BNP Paribas in the US has organized a Virtual Volunteer program for staff
  • Additional support for existing charitable partners: BNP Paribas USA is committing additional support to many current charitable partners in New York and New Jersey who provide essential relief and recovery services to some of the area’s most disadvantaged individuals. Similarly, Bank of the West donated to the United Way and the Opportunity Fund, an organization that provides capital assistance and technical support to small businesses affected by the pandemic

BNP Paribas is also making significant donations in Argentina, Brazil, Canada, Colombia, Mexico, and Peru.

“This gift will make a major contribution to keeping our front line workers safe and healing the bodies and spirits of our highly vulnerable community at a time of critical need,” said Dyan Sublett, president of the MLK Community Health Foundation, which supports the work of Martin Luther King, Jr. Community Hospital. “We are incredibly thankful for this extraordinary act of generosity from Bank of the West.”

“As our heroic workforce continues to confront the COVID-19 pandemic, we are grateful for the generous donation from BNP Paribas that will provide comfort to our health care workers who are working day and night to save lives,” said Dr. Eric Wei, Vice President and Chief Quality Officer, NYC Health + Hospitals.

“We appreciate Bank of the West for recognizing the dedication of our physicians, nurses and staff who are going above and beyond to provide care during this pandemic,” said James R. West, President and Chief Executive Officer, PIH Health. “These funds will go a long way in providing the equipment needed to keep our professionals safe and the resources needed to continue providing excellent care to our patients and our community. We thank Bank of the West for their support.”

Jean-Yves Fillion, CEO of BNP Paribas USA and Chairman of CIB Americas, stated, “This is an unprecedented time in modern history, which requires all of us to collectively do what we can to provide support to health institutions and communities as we battle this health crisis. Our donations are informed by feedback from medical experts so as to be directed to specific priorities for each country hit by the crisis where BNP Paribas has a presence. In the Americas, we are proud to be making a substantial contribution not just in monetary means, but in critical PPE as well as staff volunteering. BNP Paribas is also proactively serving its clients and business partners, and will continue to do so through the crisis.”

“We are at a pivotal moment when we have the opportunity to help those impacted by the spread of COVID-19 by supporting our healthcare professionals. The need for funding and personal protective equipment is great and we are taking action,” said Nandita Bakhshi, President and Chief Executive Officer of Bank of the West, Co-Chief Executive Officer of BNP Paribas USA Inc. “Bank of the West is supporting four hospitals that are vital to pandemic response and relief efforts focusing on research, testing, and clinical trials. Through these contributions, we hope to improve the health and livelihoods of those in our communities, support heroic frontline workers, and remind all of us that we are stronger together.”

About BNP Paribas in the US
BNP Paribas is a premier global banking partner and has built a strong and diversified presence and product suite in the United States (US) to help serve its clients in today’s changing world. The bank employs over 14,000 people and has had a presence in the US since the late 1800s. Bank of the West, BNP Paribas’ retail arm, serves over two million individuals and small & businesses through a network of around 600 branches and business centers. Large corporate and institutional clients are served by BNP Paribas’ Corporate & Institutional Banking franchise that has a presence in the main US cities, in addition to a wide international 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. www.usa.bnpparibas.com

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.

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 are 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.

Press Contacts

BNP Paribas
Guild Taylor – 332-323-3704                                                                                         guild.taylor@us.bnpparibas.com

Bank of the West
Emily Iwan – 415-432-3696
media.relations@bankofthewest.com

Performance targets include increase in percentage of management positions held by women by end of 2021.

MONTREAL, Feb. 04, 2020 (GLOBE NEWSWIRE) — BNP Paribas, a premier global banking partner, today announced that it has closed a sustainability-linked syndicated credit facility with WSP Global Inc. (TSX: WSP) (“WSP”), one of the world’s leading professional services firms. BNP Paribas served as Sole Sustainability Coordinator, working with WSP to integrate the sustainability targets into its credit facility.

The announcement marks WSP as the first professional services firm in the Americas to secure sustainability-linked terms for its syndicated credit facility. WSP signed an amendment to its existing credit facility to include financing terms that reduce or increase the borrowing costs on the lending facility as sustainability targets are met or missed.

The amendment introduces an annual pricing adjustment based on the achievement of ambitious targets related to sustainability. With sustainability core to its business strategy, this step reflects WSP’s goal to create compelling business value through advancing its vision to have a long-lasting positive impact on society.

“We are proud to be challenging the status quo by formally linking sustainability and financing. By doing so, we are further strengthening our commitment to deliver on the sustainability ambitions outlined in our 2019-2021 Global Strategic Plan. Moreover, we are also reflecting the collective sentiment of our 50,000 employees, for whom sustainability is an increasingly important issue,” said Bruno Roy, Chief Financial Officer of WSP.

The amendment applies to a $1,200 USD million syndicated revolving credit facility with terms of up to four years tied to three sustainability performance targets that highlight and measure WSP’s continued advancement of its sustainability initiatives:

  1. Reduction in market-based greenhouse emissions across our global operations from 2018 to 2021;
  2. Increased percentage of “Green” Revenues (revenues from services having a positive impact on environment) by the end of 2021;
  3. Increase in the percentage of management positions held by women by the end of 2021.

Canadian Imperial Bank of Commerce, National Bank Financial and BMO Capital Markets are Joint Bookrunners and Co-Lead Arrangers on the credit facility.

“We are excited to partner with WSP Global, one of the world’s leading engineering and design services firms, to support their sustainability ambitions. The drive in the corporate sector to integrate sustainability and ESG into their corporate strategies has created a growing demand for sustainable products and trusted advisors. BNP Paribas is proud to be a leader in the sustainability-linked loan market and Sustainable Finance more broadly. We are committed to helping our clients align their financing needs to meet their sustainability objectives,” said Sonja Volpe, Principal Officer and CEO BNP Paribas in Canada.

In January, BNP Paribas announced that it has closed a bi-lateral, incentive-linked corporate revolving credit facility with Brookfield Renewable Partners in Canada, one of the first SLLs offered in Canada and the first for BNP Paribas in Canada.

About BNP Paribas in Canada
For over 55 years, BNP Paribas in Canada has been helping Canadian businesses and institutions grow by offering them a full range of specialized financial services and investment products. With over 950 employees in offices in Montreal and Toronto, BNP Paribas in Canada combines a clear understanding of the Canadian landscape with global expertise.

About BNP Paribas
BNP Paribas is a leading bank in Europe with international reach. It is present in 72 countries, with more than 202,000 employees, of whom more than 154,000 are in Europe. The Group has key positions in its three major business areas: Domestic Markets and International Financial Services, whose retail banking and financial services networks are grouped into Retail Banking & Services, and Corporate & Institutional Banking, which focuses on corporate and institutional clients. The Group supports all of its customers (individuals, associations, entrepreneurs, SMEs, large businesses and institutions) in carrying out their projects by offering them financing, investment, savings and protection services. In Europe, the Group has four domestic markets (Belgium, France, Italy and Luxembourg) and BNP Paribas Personal Finance is the leading specialist in retail financing in Europe. BNP Paribas is also developing its integrated retail banking model in the Mediterranean basin countries, Turkey and Eastern Europe and has a significant network in the West of the United States. In its Corporate & Institutional Banking and International Financial Services businesses, BNP Paribas enjoys leadership in Europe, a strong presence in the Americas, as well as a solid and fast growing business in Asia Pacific.

About WSP
As one of the world’s leading professional services firms, WSP provides engineering and design services to clients in the Transportation & Infrastructure, Property & Buildings, Environment, Power & Energy, Resources and Industry sectors, as well as offering strategic advisory services. Our experts include engineers, advisors, technicians, scientists, architects, planners, surveyors and environmental specialists, as well as other design, program and construction management professionals. With approximately 50,000 talented people globally, we are uniquely positioned to deliver successful and sustainable projects, wherever our clients need us. wsp.com

Press Contact
Keely Gispan – 212-340-5867 – keely.gispan@us.bnpparibas.com

Appoints JOSÉ PLACIDO CEO of CIB Americas and SANDRINE FERDANE Global Head of FIC.

José Placido will become CEO of CIB Americas. He will start on June 1, 2020 and will be based in New York City reporting jointly to Yann Gérardin, Deputy Chief Operating Officer and Head of Corporate and Institutional Banking, and Jean-Yves Fillion, CEO BNP Paribas USA. Bob Hawley current CEO of CIB Americas, will transition to the role of Vice Chairman of CIB Americas. José is currently Global Head of Financial Institutions Coverage (FIC) and Global Head of Client Development for Securities Services. He has successfully expanded the bank’s relationships with many of its largest institutional clients. Prior to joining BNP Paribas in 2014, he was CEO of RBC Investor Services and RBC Dexia Investor Services based in Toronto.

Sandrine Ferdane will become Global Head of FIC, succeeding José Placido. She will start on April 1, 2020, and will be based in Paris reporting to Yann Gérardin. Sandrine has been Country Head of Brazil and CEO of Banco BNP Paribas Brazil since 2014, and was instrumental in transforming and enhancing the bank’s Brazilian platform. Prior to assuming this role, Sandrine held a variety of senior banker and financing roles.


About BNP Paribas

BNP Paribas is a leading bank in Europe with an international reach. It has a presence in 72 countries, with more than 202,000 employees, of which more than 154,000 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.

Press contacts
Group – Sandrine Romano – +33 (0) 6 71 18 23 05 – sandrine.romano@bnpparibas.com
Americas – Guild Taylor – +1 332 323 3704 – guild.taylor@us.bnpparibas.com

NEW YORK and TORONTO, Jan. 06, 2020 (GLOBE NEWSWIRE) — BNP Paribas, a premier global banking partner, today announced that it has closed a bi-lateral, incentive-linked corporate revolving credit facility (“RCF”) with Brookfield Renewable Partners L.P. (TSX: BEP.UN; NYSE: BEP), structured as a sustainability-linked loan (“SLL”). This is one of the first SLLs offered in Canada and the first for BNP Paribas in Canada.

SLLs typically incorporate a pricing mechanism linked to a client’s environmental, social or governance (ESG) performance. The key feature of this RCF structure is a pricing incentive whereby Brookfield Renewable Partners’ cost of debt declines as it continues to expand its renewable and clean electricity generating capacity and meets pre-determined CO2 emissions avoidance levels. This alignment ultimately reflects the vision of placing sustainability at the core of its business strategy.

Brookfield Renewable Partners operates one of the world’s largest publicly-traded renewable power platforms. In 2018, its portfolio helped to avoid 25 million tons of CO2 equivalent emissions. The portfolio consists of hydroelectric, wind, solar and storage facilities in North America, South America, Europe and Asia, and totals over 18,000 megawatts of installed capacity and an 8,000 megawatt development pipeline. Brookfield Renewable Partners has an established track record of creating value by prudently acquiring, building and financing assets, and actively managing its operations.

“BNP Paribas’s sustainability-linked loan aligns well with our goal of expanding our renewable power portfolio as we continue to play a leading role in the decarbonization of the global power generation grid,” said Julian Deschâtelets, Managing Director at Brookfield Renewable, responsible for the capital markets and treasury function globally. “We also see this facility as a complement to issuances under our Green Bond framework.”

Sonja Volpe, Principal Officer and CEO BNP Paribas in Canada, stated: “We are delighted to be helping Brookfield Renewable Partners, one of the world’s largest investors in renewable power, to build on its leadership position in renewables. The sustainability lending space has grown rapidly worldwide, and BNP Paribas is proud to be a leader in renewable energy financing, and Sustainable Finance more broadly.”

BNP Paribas has acted as Sustainability Coordinator or Sustainability Structuring Agent for many transactions this past year. Dreyfus, a leading merchant and processor of agricultural goods globally, and NRG Energy, a U.S. power utility leader, each announced debut SLLs structured by the Bank in the U.S. in July. In the UK, BNP Paribas provided Optivo, a charitable housing association, as well as UK Housing Association Peabody Trust, with five-year RCFs.

In 2011, BNP Paribas decided to place the fight against climate change at the forefront of its priorities. The Bank financed more than €15bn in renewable energy in 2018, and is among the top 3 issuers of green bonds in euros. At the end of 2018, the total financing provided by BNP Paribas that contributed to the energy transition and the SDGs was €168bn.


About BNP Paribas in Canada

For over 55 years, BNP Paribas in Canada has been helping Canadian businesses and institutions grow by offering them a full range of specialized financial services and investment products. With over 1,000 employees in offices in Montreal and Toronto, BNP Paribas in Canada combines a clear understanding of the Canadian landscape with global expertise.

About BNP Paribas
BNP Paribas is a leading bank in Europe with international reach. It is present in 72 countries, with more than 202,000 employees, of whom more than 154,000 are in Europe. The Group has key positions in its three major business areas: Domestic Markets and International Financial Services, whose retail banking and financial services networks are grouped into Retail Banking & Services, and Corporate & Institutional Banking, which focuses on corporate and institutional clients. The Group supports all of its customers (individuals, associations, entrepreneurs, SMEs, large businesses and institutions) in carrying out their projects by offering them financing, investment, savings and protection services. In Europe, the Group has four domestic markets (Belgium, France, Italy and Luxembourg) and BNP Paribas Personal Finance is the leading specialist in retail financing in Europe. BNP Paribas is also developing its integrated retail banking model in the Mediterranean basin countries, Turkey and Eastern Europe and has a significant network in the West of the United States. In its Corporate & Institutional Banking and International Financial Services businesses, BNP Paribas enjoys leadership in Europe, a strong presence in the Americas, as well as a solid and fast growing business in Asia Pacific.

Press Contacts
Mylene BENMOUSSA – +1 212-841-2351 – mylene.benmoussa@us.bnpparibas.com
Keely GISPAN – +1 212-340-5867 – keely.gispan@us.bnpparibas.com