BNP Paribas is partnering simultaneously and at an international level with Facebook, Google, LinkedIn and Twitter. With four members of the Group Executive Committee involved in the initiative, BNP Paribas is establishing strategic management of its presence on digital media, while opening up to new opportunities for cooperation and innovation in terms of communications, marketing and customer relations.

“BNP Paribas already has more than 500 million digital interactions with its clients per year, making it a leading digital player. The worldwide partnerships signed with each of these four global digital leaders, Facebook, Google, LinkedIn and Twitter, will help us strengthen our relationship with our clients and prospects on these platforms. It will also galvanise our capacity for innovation so we can offer services that are increasingly tailored to meet their needs,” said Jean-Laurent Bonnafé, Director and Chief Executive Officer of BNP Paribas.

The relationship-based model has been revolutionised by mobile devices, which have become the main tool used by banking clients to contact their advisor or manage their accounts. Improving the digital banking experience for clients is therefore a key development priority for BNP Paribas. The company wants to give them both choice and flexibility of use through the new ways of interacting offered by social networks, new mobile services, simplified processes, and more.

These partnerships actively work toward this goal by reinforcing the cooperation between the bank and the four digital giants. This cooperation relies on a global governance which will be built around a shared roadmap. Regular meetings between the initiative’s sponsors at these four companies and at the bank will ensure the partnerships run smoothly. These alliances will speed up the bank’s digital transformation, making it possible to work together to analyse and manage new business opportunities.

The cooperative agreement with Google was signed by Thierry Laborde, Deputy Chief Executive Officer and Head of Domestic Markets at BNP Paribas, and Nick Leeder, President of EMEA Business and Operations at Google.

For BNP Paribas, its collaboration with Google is an opportunity to improve the accessibility of our services for the greatest number of people, as well as to adapt our products based on the needs of our clients. This will make it possible for the bank’s teams to improve their understanding of current practices, as well as their technical expertise and command of new communication formats suited to mobile technologies. As such, mobile already accounts for nearly 15% of the Group’s investment with Google.

BNP Paribas was the first bank to launch a customer service on Google+ in 2013. Each year, more than 110 million requests are carried out for BNP Paribas brands. At present, the Group’s YouTube channels have tallied more than 28 million views, with 5 million just for its Cetelem channel in France.

The collaboration agreement with Twitter, is signed by Marie Claire Capobianco, Head of Retail Banking France at BNP Paribas and Jean-Philippe Maheu, Vice President Brands & Agencies Twitter.

This collaboration agreement will support the digitisation of BNP Paribas’ business and open up new horizons, especially in the use of public Twitter data.

Since it launched its first Twitter account in 2009, BNP Paribas has been a pioneer in the use of the platform in France. It was the first French bank to open a dedicated customer service on Twitter, now offering an average response time of 2 minutes.

BNP Paribas also successfully participated in #YourJob on February 24, the first day dedicated to talent recruitment on Twitter, as part of its strategy to recruit young talents.

On top of its day to day community management efforts (@WeAreTennisfr or @WeLoveCinemafr), BNP Paribas has developed new services tailored to the real-time and global nature of Twitter, such as #FilDesExpertsBourse (launched in April 2014) that gathers six finance experts to decipher daily economic and financial news, or the #MaPubIci program, which offers Twitter advertising credits to a selection of French start-ups to raise awareness on their project in France and abroad.

The cooperative agreement with Facebook was signed by Max Jadot, Chief Executive Officer of BNP Paribas Fortis.

This will enable the Group to strengthen its expertise in digital, social and mobile and to benefit from an international communication platform with 1.44 billion active users. This collaboration is a chance to seize social business opportunities by following the lead of subsidiaries such as TEB in Turkey, which uses Facebook for co-creation of campaigns, getting customer insights, sales, acquisition, real time marketing and 7/24 customer service. Facebook is also a fantastic forum for intensifying our audiences’ engagement with the bank’s brand platforms (especially tennis, movies and innovation).

BNP Paribas was the first bank to launch a customer service on Facebook in 2009.

BNP Paribas currently has 3.6 million fans on Facebook. Through We are Tennis, BNP Paribas runs the leading tennis-focused community on Facebook, with 1.1 million fans worldwide.

The cooperative agreement with LinkedIn was signed by Yves Martrenchar, Group Head of Human Resources, and Pierre Berlin, Senior Director of Sales EMEA, Talent Solutions at LinkedIn.

For BNP Paribas, this collaboration with LinkedIn enables the Group to extend beyond LinkedIn Talent Solutions, (which it uses to recruit talent and promote its employer brand) and to accelerate its B2B business by adopting the two other key LinkedIn solutions: LinkedIn Marketing Solutions and LinkedIn Sales Solutions. From a marketing standpoint, BNP Paribas will be able to reach and nurture B2B targets and build strong engagement with its clients on LinkedIn’s professional network. From a sales standpoint, the bank will be able to enable its sales teams to leverage ‘social selling’ as a new way to reach prospects and clients. BNP Paribas’ LinkedIn pages have more than 430,000 followers.

These partnerships are part of BNP Paribas’ open innovation ecosystem. Its vision involves relying on a strategy of partnering with all of the stakeholders in the digital world, whether they are giants of the sector, FinTech developers or startups. Although the partnerships signed today mark a major step in accelerating BNP Paribas’ digital transformation, the startup houses have existed since 2012. In addition, last June the bank launched the first international Hackathon to take place in five countries at once.

Technology is central to the Group’s development plan and supports a strong conviction: that digital transformation will be of structural importance to the bank’s future. This has resulted in accelerated investment in this area, and especially in revolutionizing customer relations. The main challenge is offering customers a digital banking experience with all of the choice and flexibility that implies, while ensuring their transactions and data remain secure.

 

About BNP Paribas

BNP Paribas has a presence in 75 countries with more than 185,000 employees, including 145,000 in Europe. It ranks highly in its two core activities: Retail Banking & Services (comprised of Domestic Markets and International Financial Services) and Corporate & Institutional Banking. 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 across Mediterranean basin 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 and solid and fast-growing businesses in Asia-Pacific.

 

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A group of 24 women leading international fast-growing businesses in Europe, Asia and the US will attend this exclusive program sponsored by BNP Paribas Wealth Management on the Stanford Campus in California.

Committed to supporting female entrepreneurship, BNP Paribas Wealth Management brings together a talented group of 24 women entrepreneurs from Belgium, France, Italy, China, Hong-Kong, Singapore and the United States. Over the course of this week-long program at Stanford Graduate School of Business, participants attend a wide-range of classes led by Stanford Graduate School of Business faculty members on the Palo Alto campus.

The curriculum, which has been tailored to meet the needs of these highly accomplished businesswomen, offers a unique mix of knowledge, skills acquisition and development. In addition to providing personal and professional development, the Executive Program for Women provides an unparalleled opportunity for cross border discussion and global networking.

Sofia Merlo, Co-CEO of BNP Paribas Wealth Management, comments: “This innovative program with the prestigious Stanford Campus illustrates BNP Paribas Wealth Management commitment to promoting women entrepreneurship.”

The courses that will be attended by the women over this week-long program will be taught by recognized experts in strategic leadership, business synergies and opportunities. Their ultimate goal along is to facilitate the acquisition of efficient management practices and to identify external growth opportunities.

Created with the support of the mentoring association WBMI (Women Business Mentoring Initiative), it is fully aligned with the other initiatives supported by the private bank – Women Equity for Growth and the Global Entrepreneurialism Report.

About BNP Paribas Wealth Management

BNP Paribas Wealth Management is a leading global private bank and #1 Private Bank in the Eurozone. Present in some 30 countries and in every major financial center, over 6,300 professionals, provide a private investor clientele with solutions for optimizing and managing their assets. The bank has €332 billion worth of assets under management (as at end March 2015)

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Providing free tennis lessons to children in New York City

BNP Paribas announces today that it is the Presenting Sponsor of the 2015 “CityParks Tennis” program, an initiative providing free tennis lessons to thousands of children between the ages of six and 16 in more than 35 parks throughout the five boroughs of New York City. The program will commence on July 6, 2015 and runs through August 14.

One of the largest free municipal tennis programs in the United States, these classes promote physical fitness while building self-confidence, and are designed to make the sport of tennis available to children who want to learn the game in a fun, relaxed environment. Lessons are offered at all skill levels, including free beginner lessons. Tournaments, leagues, excellence programs and special events will be organized throughout the course of the program.

The event will conclude with a tournament held at the Central Park Tennis Center for beginners and the BNP Paribas Aces Tournament held at Flushing Meadows Tennis Center for intermediates in mid-August.

Outlining the motivation for the sponsorship, Jean-Yves Fillion, CEO, BNP Paribas North America and Head of the Americas for CIB stated: “The game of tennis is a wonderful reminder of the dual-paths to success, through both individual performance and teamwork. It is a pleasure to support this initiative which teaches children the value of sportsmanship while concurrently demonstrating all that can be achieved through a commitment to self-improvement.”

BNP Paribas is the world’s largest sponsor of tennis and has been a strong supporter of the sport for 42 years, starting as the official sponsor of  Roland Garros in 1973 and expanding the commitment through sponsorship of events across the globe, including the BNP Paribas Open in Indian Wells, the BNP Paribas Showdown in New York, the Davis Cup and the Fed Cup by BNP Paribas.

BNP Paribas is very committed to the communities in which it operates and the bank has a strong focus on volunteering. In 2014 BNP Paribas 1,379 employees took part in over 50 philanthropic initiatives, partnering with 17 community organizations, including Partnership for Parks, a sister program to City Parks Tennis   Projects included revitalizing neighborhood parks and green spaces, prepping and packing meals, and participating in educational and recreational programs provided to children and families living with medical challenges.

For more information on the 2015 CityParks Tennis program, visit http://www.cityparksfoundation.org/sports/tennis/

 

About BNP Paribas Group

BNP Paribas has operations in 75 countries and boasts more than 185,000 employees, including approximately 145,000 in Europe. It ranks highly in its two core activities: Retail Banking & Services (comprised of Domestic Markets and International Financial Services) and Corporate & Institutional Banking. 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 across Mediterranean basin 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 and solid and fast-growing businesses in Asia-Pacific

 

About City Parks Foundation

City Parks Foundation (CPF) is the only independent, nonprofit organization whose mission is to offer programs in parks throughout the five boroughs of New York City. We work in more than 350 parks citywide, presenting a broad range of programs in an effort to promote healthy and vibrant communities. Our programs and community building initiatives reach 425,000 people each year. Our ethos is simple: we believe thriving parks reflect thriving communities.  For more details, please visit www.CityParksFoundation.org.

 

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Over the weekend BNP Paribas held its first-ever international hackathon with simultaneous sessions in five cities – Paris, Brussels, Rome, Istanbul and San Francisco. During the 48-hour period some 300 designers, developers and young startup teams were invited to work on one central theme: enhancing the customer experience.

An international ‘first’

Not only is digital transformation key in BNP Paribas Group’s business development plan for the coming years but the Bank is also building up a new Open Innovation ecosystem. Accordingly, ‘co-creation’ was the watchword of the BNP Paribas International Hackathon. For two days this international multi-site event gave talented people with diverse specialities the opportunity to collaborate and come up with prototypes for apps or online services in response to a particular business need. This is the first time that a competition on this scale has been held simultaneously in five countries, with the involvement of two of the Bank’s businesses – BNP Paribas Cardif and BNP Paribas Personal Finance. Programmers, developers, designers and startup owners all worked on four common themes around the customer experience: click and mortar, simple yet secure, financial literacy and empowerment, tailored and relevant.

A 3-stage programme

The digital challenge is being run in three stages. The first stage was the competition which took place last weekend, at the end of which 16 teams were selected to go forward to the second stage – a digital boot-camp, which will be running in the summer until September. This will be an online mentoring phase during which the participants will be able to call upon the know-how of BNP Paribas professionals so as to optimise their chances of success. At the end of this period, the competing teams will take part in an international Demo Day, where they will present their projects to innovation experts and investors. Five teams will then be chosen to progress to the third and final stage – a 6-month incubation period. This will provide a unique opportunity to draw on greater resources, including financial support, cutting-edge workspaces, a tailored acceleration programme, plus introductions to potential partners. The teams will retain the intellectual property rights arising from their work on the programme.

Agility combined with expertise

The BNP Paribas International Hackathon is designed to combine the agility of external creators with our in-house expertise in order to meet the rapidly evolving needs and expectations of our customers, while ensuring full security for their operations.

On Sunday evening the 7 winners of the initial stage of the BNP Paribas International Hackathon were named at the WAI[1] space in Paris. They are:

1. Challenges BNP Paribas – BDDF:
Behaviosec
Logmote
Contextor

2. Challenges France Cardif:
Fluo
Datasine

3. Challenges Personal Finance:
Heuritech
Centipede

Nine other teams were awarded in the participating countries.

Marie-Claire Capobianco, Head of the BNP Paribas branch networks in France and a member of the BNP Paribas Executive Committee, stated: “I’m delighted that the Group is supporting startups and collective ingenuity on a worldwide scale. The BNP Paribas International Hackathon provides a clear, powerful response to the changes taking place in the world around us and represents a considerable step in our transition process towards the bank of tomorrow, whose main challenge is to offer our customers a first-rate digital banking experience, while ensuring the security of their transactions and the integrity of their data.”

About BNP Paribas

BNP Paribas has a presence in 75 countries with more than 185,000 employees, including 145,000 in Europe. It ranks highly in its two core activities: Retail Banking & Services (comprised of Domestic Markets and International Financial Services) and Corporate & Institutional Banking. 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 across Mediterranean basin 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 and solid and fast-growing businesses in Asia-Pacific.

The “HeforShe” campaign wa launched at a worldwide level when the actress Emma Watson addressed the United Nations in September 2014.

The aim of the “HeForShe” campaign, led by UN Women (the United Nations entity for gender equality and the emancipation of women) is for men to speak up and commit to gender equality at the international level.

 

 

Meanwhile, the UN Women National Committee in France launched the campaign in France on 27 March 2015, by involving around 25 leading figures (in politics, the media, culture, the business world, charitable organisations, institutions, and the academic world) as ambassadors for, and signatories of, the “HeForShe” commitment.

Jean Laurent Bonnafé, BNP Paribas’ Chief Executive Officer, said “I immediately agreed to be an ambassador for the HeForShe campaign”. To take the gender equality issue forward in a positive way, our world needs the commitment of men, as well as women. At BNP Paribas, we have followed a proactive gender equality policy for over 10 years. The indicators are improving every year, and we hope that for the younger generations who are joining our company now, this challenge will be part of the past”.

The key Gender Equality figures for BNP Paribas:

• BNP Paribas will be one of the first companies listed in the CAC 40 Index that has a Board of Directors equally divided between men and women as from 13 May 2015 (1)
• At the end of 2014, 25% of Senior Managers were women compared with 18.4% in 2011. 45.3% of the individuals appointed as Senior Managers in 2014 were women.
• BNP Paribas always hires slightly more women than men.
• We are seeing convergence between the average compensation paid to men and women in the 12 main types of positions at BNP Paribas.

BNP Paribas and Diversity: 10 years of commitment

BNP Paribas was one of the first banking groups to commit to a policy aimed at preventing discrimination and promoting diversity. The Bank included the risk of discrimination among its 30 major operational risks as from 2006.

BNP Paribas also ensures that all differences are respected and promoted. Its Diversity Policy is resolutely focused on promoting equality of opportunity and inclusion.

Since 2004, the Group’s Diversity Policy has been applied on a day-to-day basis via: the signing of agreements, diversity training to fight stereotypes, measures aimed at advancing professional gender equality, and at making the management team more international, a disability policy aimed at hiring and helping disabled people into jobs, partnerships with specialised voluntary organisations, and the support for “inclusion” provided by employee networks. The “Diversity” indicators are improving every year.

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About BNP Paribas

BNP Paribas has a presence in 75 countries with more than 185,000 employees, including 145,000 in Europe. It ranks highly in its two core activities: Retail Banking & Services (comprised of Domestic Markets and International Financial Services) and Corporate & Institutional Banking. 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 across Mediterranean basin 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 and solid and fast-growing businesses in Asia-Pacific.

The top 5 key trends in today’s global wine market:

• Exports have doubled over the past 20 years: with Europe maintaining its position as the global leader, exporting 58% of its annual production

• The newer wine-producing countries (New Zealand, Chile, Australia and South Africa) have increased their export volume by 370%

• The United States has overtaken France as the world’s foremost wine consumer, with average annual consumption of 12 litres per person

• Europe still accounts for 50% of wine consumption worldwide

• 84 of the 100 most famous wine brands in the world are French

For over 15 years, Agrifrance, a specialist division of BNP Paribas Wealth Management, has published an annual report on France’s rural economic situation, providing insights into rural property investment.

This year’s report focuses on the major changes that have taken place in the global wine market over the past 20 years such as the arrival of wines from the New World and the rise of new consumers.

“The wine market has become a real global market. Despite increasing competition, very few brands have succeeded in really imposing themselves at international level, and growth prospects in the ‘premium’ segment are very good,” underlined Benoit Léchenault, Head of Agrifrance, adding: “While the vineyard real estate market is still the province of an experienced clientele, it remains a highly attractive refuge value both for French and foreign investors.”

60 wine-producing and 242 wine-consuming countries

• Highly concentrated production

The 12 leading wine-growing countries account for 84% of worldwide production, estimated at 247 million hectolitres (equivalent to 37.2 billion bottles), a rise of just 2.2% over 20 years.

While wine production in Europe (in the lead with 59% of worldwide production) has stabilised at 146.6 million hectolitres, the newer wine-growing countries have increased their total volume by 48% over the same period. Chile, Australia and New Zealand have even seen their wine production rise by between 100% and 300%

Despite the tough competition that American, Argentinian, South African, Chilean, Australian and, Chinese wine growers have been creating for Europe, the traditional wine producing countries still remain the largest suppliers.

France, Italy and Spain have been alternating in first place, together accounting for some 47% of world wine production. In 2014, France regained world’s top spot in terms of production volume and maintained its position as world leader for value.

According to the British Liv-ex Fine Wine Index, 84 of the world’s 100 most famous wine brands are French. Given the rich diversity of its soil-types, climate and grapes, France is able to produce truly unique wines.

• Consumption: Americans become the leading wine-drinkers

World wine consumption has fallen by 13.8% since 1980, to stabilise at 239 million hectolitres in 2013.

Europeans still account for over 50% of world consumption but new consumers have appeared on the scene to ensure the continuing popularity of wine-drinking. Per capita, the United States has now overtaken France as the world’s leading wine market: where the average consumption is 12 litres per person per year.

The economic crisis and the rising price of wine have had a strong impact on wine consumption in Europe, prompting European wine growers to adopt a more global strategy of targeting other continents, mainly Asia and North America.

• Exports: increase in value rather than volume

Wine exports, which account for 35% of all production worldwide, have almost doubled during the last 20 years. The rise in export value over this period (+87%) has outpaced the increase in volume (+63%).

Europe still maintains its positions as global leader, exporting 58% of its total wine production.

Meanwhile the new wine producing countries – New Zealand, Chile, Australia and South Africa – have oriented their sales strategy strongly towards world markets and currently export over 50% of their total production volumes.

The upmarket segment continues to have the most promising export prospects for French producers. American consumers are becoming the leading customers for French wines in value terms, now accounting for some 20% of France’s market for wines and spirits.

While the average world price for exported wines was EUR2.62 per litre in 2011, French wines command an average price of EUR7 per litre, with Bordeaux wines selling at EUR9.7, Burgundy wines at EUR10.6 and wines from the Champagne region at around EUR15 per litre.

 

For more key figures or to visualize the key findings, consult our website.

 

About Agrifrance

Agrifrance is the specialist rural property section of BNP Paribas Wealth Management, offering clients seeking the right investment and wealth management solutions the benefit of its over 40-year experience in the viticulture, farming, forestry and prestigious homes markets. With its network of recognised professionals, Agrifrance is also able to provide complementary services such as expertise in and management of rural properties.

About BNP Paribas Wealth Management

BNP Paribas Wealth Management is the sixth largest Private Bank in the world, with a presence in some 30 countries. Over 6,000 Wealth Management professionals located across all major world financial centres provide private investors with a wide range of tailored solutions in order to manage their assets for optimal results. At end-2014, BNP Paribas Wealth Management had €305 billion worth of assets under management.

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For the second year running, BNP Paribas is running a series of ‘Job Mobility Days’ from 13 to 30 April. This year, events designed to encourage internal career mobility will be taking place in 30 countries where the Group does business, up from 13 countries in 2014.

During a period of three weeks, over 100 in-house events will be held across the BNP Paribas Group, including a Jobs Forum in France, Germany, Portugal, Turkey and the New York, USA offices; CV-writing workshops in Belgium, Burkina Faso, Hungary and elsewhere; interview technique workshops in Côte d’Ivoire, Morocco et al; career-theme conferences such as ‘Journey to the Centre of Your Skills’ in Belgium, ‘Mobility Days Corner’ in Spain, ‘Get to Know the Group’ in Italy, ‘Creating Your Network’ in the UK, ‘Steering Your Career Path’ in the Middle East; and a ‘Job Mobility Village’ in Senegal. BNP Paribas staff are encouraged to share their experiences of these events on Twitter, using the hashtag #MobDays15.

 

Internal career mobility central to the BNP Paribas ‘employer promise’

Employees at any company are keen to grow their skills and progress, and this is one of the eight basic promises which the BNP Paribas Group makes to its staff. In 2014, half of our staff had been in their current position for less than three years, which gives an indication of the range and variety of career opportunities across the Group. BNP Paribas is determined to offer every employee the chance to grow and diversify his/her work experience by making job moves across the Bank’s various geographies and/or businesses.

Explains Yves Martrenchar, BNP Paribas Group Head of Human Resources: “As ‘the bank for a changing world’, we are committed to being more agile and proactive, which makes it absolutely essential to recruit the most talented people and enable them to grow with us. Our staff are looking for stimulating careers with the prospect of progress. And they have every right to expect this from a Group with an integrated, diversified business model that has permanent establishments in 75 countries.”

In February this year, BNP Paribas was awarded, for the second time, certification as one of the ‘Top Employers Europe’, in recognition of the Group’s high quality HR policies.

 

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About BNP Paribas

BNP Paribas has a presence in 75 countries with more than 185,000 employees, including 145,000 in Europe. It ranks highly in its two core activities: Retail Banking & Services (comprised of Domestic Markets and International Financial Services) and Corporate & Institutional Banking. 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 across Mediterranean basin 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 and solid and fast-growing businesses in Asia-Pacific.

The Board of Directors of BNP Paribas today appointed Jean Lemierre as Director and Chairman of the Board of Directors.

He succeeds Baudouin Prot, who informed the Board of Directors on 26 September of his decision to step down as Chairman and Director from the 1st December 2014.

With the other members of the Board, Jean Lemierre will oversee the implementation of the Group’s business development plan as well as the reinforcement of its governance and of its internal control measures put in place in recent months.

Since September 2008, Jean Lemierre has acted as advisor to BNP Paribas and as its international representative with regulators as well as economic and political leaders.

Before joining BNP Paribas, he carried out two mandates as President of the European Bank for Reconstruction and Development (2000-2008). In addition, he served as Head of the French Treasury (1995-2000).

 

About BNP Paribas

BNP Paribas has a presence in 75 countries with more than 180,000 employees, including 140,000 in Europe. It ranks highly in its three core activities: Retail Banking, Investment Solutions and Corporate & Investment Banking. 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 across Mediterranean basin countries, in Turkey, in Eastern Europe and a large network in the western part of the United States. In its Corporate & Investment Banking and Investment Solutions activities, BNP Paribas also enjoys top positions in Europe, a strong presence in the Americas and solid and fast-growing businesses in Asia-Pacific.

 

Press contact:

Cesaltine Gregorio                  +1.212.841.3719                     cesaltine.gregorio@us.bnpparibas.com

 

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New name and governance focusing on the needs of corporate and institutional clients.

More integrated offer of solutions for institutional clients with BNP Paribas Securities Services and a newly created Global Markets.

A simplified regional approach with two new regions (EMEA and Americas) in addition to the existing APAC region and a simpler organisation for seamless service to corporate clients.

BNP Paribas announces today a new governance for its Corporate and Institutional Banking division, previously called Corporate and Institutional Banking. This new CIB is centered on two client franchises, corporates and institutionals.

To best serve institutional clients with a comprehensive range of solutions, BNP Paribas Securities Services comes under the governance of the new CIB, while remaining a separate legal entity.

This new CIB also aims to promote dialogue between institutional and corporate clients, thanks to a more collaborative and efficient structure, which will facilitate the implementation of the Group’s business development plan.

In addition, to simplify the regional approach, the North and Latin America regions, and the Europe and MEA regions, will be combined to create two larger regions: Americas and EMEA. The APAC region remains unchanged.

In EMEA a simpler organization for seamless service for corporate clients will be structured around: Corporate Clients Financing and Advisory EMEA on one side, and Country Management and Corporate Trade and Treasury Solutions EMEA, on the other side.

BNP Paribas CIB is a leading provider of financial solutions to corporate and institutional clients worldwide and this new governance will strengthen its existing strong franchises in Transaction Banking, Specialized Financing, Derivatives, Advisory and Capital Markets where it is a top European house in ECM and a global leader in DCM.

 

Institutional clients globally: a collaborative approach to increase depth of service

In order to provide to our institutional clients a wider access to the best of BNP Paribas CIB’s products and services, and to position the Bank as their strategic partner, the solutions provided by BNP Paribas CIB will now be structured around:

• A newly created Global Markets which will provide an offer across all asset classes, building on global business lines, financing and prime services capabilities, and regional franchises. A solid presence in the regions will be key to support BNP Paribas CIB’s regional development plans.
• BNP Paribas Securities Services will continue offering its current spectrum of solutions and will remain a separate legal entity, with its own commercial and operational autonomy.
• Financial Institutions Coverage will offer global coverage for all CIB and other Group businesses across all institutional client segments.

 

Corporate clients in EMEA: a simpler governance for seamless service

For its corporate clients, BNP Paribas CIB offers facilitated relations and the benefit of its entire range of solutions: a well-established geographic presence and local expertise; the know-how of its coverage bankers and product experts; a robust, industrialized flow banking platform.

In line with the creation of the EMEA region, the activities dedicated to the corporate clientele are grouped into two business lines:

Corporate Clients Financing and Advisory EMEA will bring all of BNP Paribas CIB’s expertise to address the investment and financing needs of CIB’s corporate clients. This business line will group all types of Coverage, the Financing businesses and Corporate Finance.

Country Management and Corporate Trade and Treasury Solutions EMEA will deliver a transversal and industrialized platform for our corporate clients’ flow banking needs. This group will include Energy and Commodities Finance Europe, Trade and Banking Flow, Cash Management, Corporate Deposit Line, Trade and Deposit Product Development.

Yann Gérardin, head of BNP Paribas CIB, stated: “The banking industry has changed dramatically, and not only in terms of regulations. Business models are being industrialized, rationalized, digitalized. Clients are expecting us to serve them holistically with added-value and industrialized solutions. Our new CIB focusing on our two client franchises of corporates and institutionals will allow us to meet their expectations more simply and more efficiently. And it will also reinforce our capacity to achieve our development plans as announced earlier this year.”

 

Appointments

To support this strategic initiative, BNP Paribas announces the following appointments (effective 5 January 2015):

–   In addition to his current responsibilities, Jean-Yves Fillion is appointed head of the Americas for CIB.

–   Thomas Mennicken is appointed Head of Corporate Clients Financing and Advisory EMEA, under the supervision of Thierry Varène, appointed Chairman of Corporate Clients Financing and Advisory EMEA. Thierry Varène will maintain the steering responsibility of the commercial activities for the largest clients. Thomas Mennicken will maintain his current responsibilities at BNP Paribas Fortis CIB.

Reporting to Thomas Mennicken are:

• Yannick Jung who is appointed Head of Corporate Coverage EMEA
• Bruno Tassart who is appointed Head of Financing Solutions EMEA
• Sophie Javary who is appointed Head of Corporate Finance EMEA

–   Marc Carlos is appointed Head of Country Management and Corporate Trade and Treasury Solutions EMEA. Marc Carlos will maintain his responsibility, at Group level, as head of the global USD clearing and payment business line.

–   Thierry Varène and Marc Carlos in his EMEA role will report to Yann Gérardin while Thomas Mennicken will report to Thierry Varène.

–   Henri Foch is appointed Head of Financial Institutions Coverage globally and will report to Yann Gérardin.

–   Patrick Colle continues as Chief Executive Officer of BNP Paribas Securities Services and will report to Yann Gérardin. Jacques d’Estais remains Chairman of the supervisory board of BNP Paribas Securities Services.

–   Yann Gérardin, in addition to his role as Head of BNP Paribas CIB, will manage directly Global Markets. Reporting to him are:

• Olivier Osty appointed Head of Sales, Structuring and Trading; Capital Markets business line heads will report to Olivier Osty.
• In the regions:
• Pascal Fischer is appointed Head of EMEA Capital Markets; he will coordinate the Global Markets geographies and manage key transversal projects; he reports to Yann Gérardin.
• Pierre Rousseau is appointed Head of APAC Capital Markets and reports to Yann Gérardin and Eric Raynaud.
• Bob Hawley is appointed Head of Americas Capital Markets and reports to Yann Gérardin and Jean-Yves Fillion.

In the context of BNP Paribas setting up Global Markets, headed directly by Yann Gérardin, new Head of CIB, it was agreed with Frédéric Janbon that he would be appointed Special Advisor to the Group General Management.

Jean-Laurent Bonnafé, Chief Executive Officer of BNP Paribas, commented: “I would like to express my utmost gratitude to Frédéric for his contribution to the development of our global Fixed Income platform over the past nine years.”

 

About BNP Paribas

BNP Paribas has a presence in 75 countries with more than 180,000 employees, including more than 140,000 in Europe. It ranks highly in its three core activities: Retail Banking, Investment Solutions and Corporate & Investment Banking. 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 across Mediterranean basin countries, in Turkey, in Eastern Europe and a large network in the western part of the United States. In its Corporate & Investment

Banking and Investment Solutions activities, BNP Paribas also enjoys top positions in

Europe, a strong presence in the Americas and solid and fast-growing businesses in Asia- Pacific.

 

Press contact:

Cesaltine Gregorio          +1.212.841.3719                        cesaltine.gregorio@us.bnpparibas.com

 

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