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

BNP Paribas Securities Services announces it has taken a strategic stake in the capital of fintech AssetMetrix. This partnership will enable BNP Paribas Securities Services to expand and digitalise its services to private capital clients and investors.

By deploying AssetMetrix’s leading technology and web services within its private capital business, BNP Paribas Securities Services will give its clients access to powerful analytics and reporting tools dedicated to the analysis of non-listed investments (private equity and debt).

This will enable clients to optimise decision-making and enhance risk monitoring. Asset manager clients will also be able to provide their end investors with individual access to reporting tools for efficient and transparent oversight of their investments.

These new services – including portfolio monitoring with full look-through capabilities on investee companies, cash flow and performance forecast, risk analysis, stress testing, benchmarking, workflow and document management – will complement BNP Paribas Securities Services’ existing solutions, giving private capital clients access to a comprehensive and integrated offering.

Philippe Benoît, Head of Strategic Business Development and Transformation at BNP Paribas Securities Services, said:

“This partnership is an excellent example of the work we are doing with leading fintechs to expand and digitalise our offering and give our clients access to the latest technologies. It also highlights our commitment and capacity to continually develop our multi-asset class offering to meet our clients’ changing needs.”

Laurent Durdilly, Head of Private Capital Solutions at BNP Paribas Securities Services, said:

”This marks a major milestone in the development of our offering to private capital clients, including direct fund managers, asset owners and private equity funds of funds, who need specialist tools to monitor their non-listed investments. With this partnership, we will be able to offer our clients powerful analytics and reporting for their investors via a dedicated and interactive web portal for real-time monitoring and live scenario analysis.”

Emmeram von Braun, Founder and Managing Director of AssetMetrix, stated:

“This strategic partnership with BNP Paribas Securities Services is an important next step to further develop our independent platform and associated services. It is also an opportunity for us to continue to expand in Europe and enter the Asia-Pacific markets. “

Press Contact:

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

BNP Paribas Securities Services on Twitter – @BNPP2S

Learn more about BNP Paribas Securities Services


About BNP Paribas Securities Services
 (www.securities.bnpparibas.com)

BNP Paribas Securities Services, a wholly owned subsidiary of the BNP Paribas Group, is a leading global custodian and securities services provider. Backed by the strength of the BNP Paribas Group, we provide multi-asset post-trade and asset servicing solutions for buy and sell-side market participants, corporates and issuers. With local expertise in 35 countries and a global reach covering 90+ markets, our network is one of the most extensive in the industry, enabling clients to maximise their investment opportunities worldwide.

About AssetMetrix (www.asset-metrix.com)

AssetMetrix is Europe’s leading next generation asset servicer. We offer modular outsourcing solutions for private capital investors: front-, middle- and back-office solutions for Limited Partners and General Partners. Our services enable private capital investors to free up their own resources for making investment decisions, benefit from our secure IT system and state-of-the-art analytics, and increase in-house transparency for optimal decision-making. AssetMetrix has more than 20 years of experience as a service provider in institutional capital investment and operates without conflicts of interest. AssetMetrix is not an investor, an investment consultant, or a placement agent, but currently administers portfolios with a total volume of over €12 billion and more than 1500 funds.

Screened at
The Festival du Nouveau Cinéma of Montréal

BNP Paribas becomes a new partner of the festival

MONTREAL, Oct. 17, 2019 (GLOBE NEWSWIRE) — BNP Paribas, a leading international bank, promotes women’s rights by making real commitments and building ambitious gender equality programmes, as well as supporting artists who are boosting the visibility of this social challenge.

Accordingly, the Bank is pursuing its commitment to this cause and is proud to be the main sponsor of the film WOMAN, which gives a voice to 2,000 women in 50 countries who have agreed to recount their tales. WOMAN brings to the screen the life experiences of women who are each very different, each shaped by their family history, culture, and faith. In addition to striving to condemn the injustices that women have to face in their lives, this film highlights their determination to overcome obstacles and stereotypes.

BNP Paribas is honored to present this film during The Festival du Nouveau Cinéma and very proud to be a new partner of the festival this year.

‘’This film awakens our conscience on the life of these women, their conditions, their choices and their destinies. As a Group committed to diversity and inclusion, we are proud to support the film WOMAN and contribute to the fight against all forms of discrimination,” says Sonja Volpe, President and Chief Executive Officer of BNP Paribas in Canada.

“Women are now prepared to make their voices heard. By putting their trust in us, they have also entrusted us with a great responsibility: to ensure that their voices are finally heard. So that, going forward, those who represent half of humanity are never again regarded as the weaker sex,” say Anastasia Mikova and Yann Arthus-Bertrand.

BNP Paribas’s commitment to gender equality is reflected in numerous actions worldwide. In 2011, the Group signed the United Nations Women Empowerment Principles consisting of a set of concrete recommendations to boost the role of women in business, the labour market, and society, and to promote the economic autonomy of women engaged in farming resistant to climate change in Senegal.

As a major film sponsor for over 100 years both in France and worldwide, BNP Paribas has supported many projects by French Director Yann Arthus-Bertrand, for example 6 Billion Others and then 7 Billion Others. The Group is also a founding member of the Good Planet Foundation, launched by Yann Arthus-Bertrand in 2005 to make people more conscientiously aware of the environment and humanist values and encourage the will to take concrete steps to preserve our planet.

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.

Press Contact:
Sauveur Menella – 514-285-6202 – sauveur.menella@ca.bnpparibas.com

FOLLOW US: @BNPPamericas

More articles here

BNP Paribas Securities Services announces that it will provide global custody services for U.S. Bank in Western Europe

BNP Paribas Securities Services, a leading global custodian with USD 11.6 trillion in assets under custody[1], today announced that it will provide U.S. Bank, the fifth largest commercial bank in the US[2], with global custody services in 11 European markets (Austria, Belgium, Cyprus, France, Germany, Greece, Italy, the Netherlands, Portugal, Spain and Switzerland), as well as local custody services in the UK and Ireland. The relationship represents over USD 10 billion in assets.

BNP Paribas Securities Services’ global and multi-local expertise across asset classes, extensive proprietary network and in-depth knowledge of the European markets will help U.S. Bank continue to pursue new opportunities for growth in its global sub-custodian network.

Dale R. Smith, Executive Vice President, U.S. Bank Investment Services, commented: “We are pleased to launch this important relationship with BNP Paribas Securities Services. We selected BNP Paribas for its well-established custody services and extensive proprietary network, as well as its long-term, collaborative approach.”

Claudine Gallagher, Head of BNP Paribas Securities Services Americas, said: “This prestigious new relationship demonstrates that our client-driven approach to asset servicing, together with our international reach and growing US presence, are a major draw for financial institutions in the US.”

Patrick Hayes, Head of BNP Paribas Securities Services UK, Middle East and South Africa, said: “U.S. Bank needed a provider who could help it realise its investment ambitions in Europe. Working with us, U.S. Bank will benefit from the efficiencies of a centralised, global custody set-up, which will be serviced from the UK, combined with local market expertise and client support in key markets.”

BNP Paribas Securities Services is the fifth largest global custodian in the world by assets under custody. Since 2011, the bank has significantly expanded its local custody network, which now covers 26 markets, and has been growing its presence in key markets, including the US.

 

Press contact:
Caroline Lumley – caroline.lumley@uk.bnpparibas.com

Learn more about BNP Paribas Security Services

Follow us:
Twitter – @BNPP2S & @BNPPamericas

[1] As of 30 June 2019.
[2] Source : https://www.usbank.com/about-us-bank.html
  • BNP Paribas is taking part in Climate Week, which runs from September 23 to 29 in New York.
  • The bank reinforces its action on climate and sustainability, which is central to its business strategy, by signing the Principles for Responsible Banking and joining UNEP FI’s Collective Commitment to Climate Action.
  • Climate Week provides a forum for leading organisations around the world to take additional action to contribute to the UN’s 17 Sustainable Development Goals (SDGs): BNP Paribas formalises its commitment to SDG 14 “Life below water” and discloses its actions in favour of ocean protection.

A WORLDWIDE BANKING COMMITMENT TO THE UN SUSTAINABLE DEVELOPMENT GOALS

 

Climate Week 2019 notably sees the launch of the Principles for Responsible Banking (PRB). By signing the PRB, more than 130 banks have committed to align their business strategies with the UN Sustainable Development Goals and the Paris Climate Agreement.

The PRB were first developed in 2018 by a core group of 30 Founding Banks, among them BNP Paribas, through an innovative global partnership between banks and the UNEP Finance Initiative (UNEP FI). Then, banks, as well as other financial institutions and all other interested parties, provided inputs during a six-month global public consultation from November 2018 to 31 May 2019. It is the first time that such a large coalition of banks, which together account for around a third of the world’s banking assets, have placed the Sustainable Development Goals and Paris Climate Agreement at the heart of an action plan.

Furthermore, 31 signatory banks of the PRB, including BNP Paribas, have endorsed the Collective Commitment to Climate Action. In line with the Paris Agreement, these banks have committed to align their portfolios to reflect and finance the low-carbon, climate-resilient economy required to limit global warming to well-below 2, and striving for 1.5 degrees Celsius. By putting their PRB commitments into practice and building on the pioneering Katowice Commitment, this Collective Commitment on Climate represents a further joint effort undertaken by the banking community to advance climate action.

BNP PARIBAS SEEKS TO ACTIVELY TAKE PART IN THE PRESERVATION OF THE OCEAN

 

The ocean is critical for our planet since it accounts for 70% of its total surface from the coastal areas down to its greater depths. The ocean is a cradle of extraordinary and precious biodiversity for the balance of life on earth, and provides human beings with essential resources, sustains food security and health, and preserves habitats; it also plays a key role in the oxygen cycle and in climate regulation, and is a vector of the globalised economy, generating direct and indirect jobs.

In this context, in line with its commitment to contribute to reaching the United Nations’ Sustainable Development Goals (SDGs), particularly through its financing and investing activities, BNP Paribas states its willingness to work with its clients towards the achievement of SDG 14 (“Life below Water”) for the conservation and a sustainable use of the ocean. It is particularly important to collectively strengthen the support of the business community for this SDG.  The SDG Reporting Challenge 2018 published by PwC indicates that SDG 14 ranks for the moment last in corporate priorities[1].

The Group is aware that the activities of a number of its clients depend on the safeguarding of the ocean, but also that some of them, although highly necessary to the economy, may be contributing to the disruption of its ecosystem. Therefore, BNP Paribas commits to finance in a responsible manner activities likely to impact the ocean.

Seeking to take an active part in the preservation of the ocean, BNP Paribas supports the implementation of best practices and commits 1bn Euros by 2025 to finance the ecological transition of ships, supporting for example dual-fuel Liquefied Natural Gas (LNG) propulsion projects. In a complementary way, BNP Paribas promotes innovation and initiatives to raise awareness, such as with BNP Paribas Foundation’s support for research programmes focusing on the ocean.

BNP Paribas has put the SDGs at the centre of its business-development strategy and by the end of 2018 had devoted €168bn of financing to the energy transition and the achievement of the SDGs. In order to go further in tackling climate change, the Group is stepping up its collaboration with partners as well as its commitment to working in new coalitions,“ said Antoine Sire, Head of Company Engagement, BNP Paribas.

Oceans today are under great threat. Through its commitment to finance maritime activities sustainably, BNP Paribas is illustrating how companies can, and must, contribute to protecting oceans,” said Craig Leeson, Director, Writer and Narrator of the documentary film A Plastic Ocean.

[1] Source: PwC, SDG Reporting Challenge 2018 Base:Companies with priority SDGs (362)

 

Learn more about:
BNP Paribas and Ocean protection
Principles of Responsible Banking
BNP Paribas Group

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BNP Paribas, a premier global banking partner, announced today the appointment of Dr. Daniel Ahn as Chief US Economist and Head of Markets 360™ North America, the bank’s market strategy and economic commentary division.

Previously, Dr. Ahn was the Chief Economist and led data analytics at the U.S. Department of State. Before entering public service, he was the Chief Commodities Economist at Citigroup in New York and held senior economist and strategist positions at various global financial institutions. Dr. Ahn was a senior advisor at the U.S. Federal Reserve Board of Governors and held research and teaching positions at Harvard University, the National Bureau of Economic Research, Columbia University, the Council on Foreign Relations, the International Monetary Fund, Johns Hopkins University and Georgetown University. Dr. Ahn is a Global Fellow at the Woodrow Wilson Center for Scholars in Washington D.C. He received his A.B. in economics and finance from Princeton University and his Ph.D. in economics from Harvard University.

At BNP Paribas, Dr. Ahn will be responsible for delivering to clients a 360-degree view of the markets across all asset classes around the world with a focus on the US markets and economy. He will lead the economists and strategists in North America and report to John Gallo, Head of Global Markets Americas Sales, and to Kaushik Banerjee, Head of Global Macro Research. Global Macro Research is part of Markets 360™, BNP Paribas’ Strategy & Economics division headed globally by Olivia Frieser.

John Gallo stated, “We welcome Daniel to BNP Paribas and look forward to leveraging his unique insight and knowledge of the markets and US economy to strengthen our client franchise.  His experience in both the public and private sectors will be extremely valuable in our service to clients.

“With Daniel’s contributions to our Markets 360™ offering, our clients will receive global perspectives and executable trade ideas that will help them make informed investment decisions as the markets move.”

Dr. Ahn, Chief US Economist and Head of Markets 360™ North America, said, “It’s a great honor and privilege for me to join the BNP Paribas community and help build on the storied bank’s impressive reputation as a leader in global markets. I’m looking forward to bringing a unique combination of skills and analytic insights to drive research, data science and macro strategy in service to the bank’s clients.”

***

About Markets 360:

Markets 360™ is BNP Paribas’ newly revamped Strategy & Economics division, aiming to provide institutional investors, including corporate clients, with top quality market views and thought leadership in a timely manner. Markets 360™ brings Strategy and Economics together in thematic notes across asset classes. Markets 360™ strives for its market insights to be evidence-based, building on quantitative and data analysis. Our unique offer: Quantitative DNA, Emerging Markets strength, Sustainability analysis, Credit expertise and Derivatives proficiency.

 

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 BNP Paribas:

BNP Paribas is a leading bank in Europe with an international reach. It has a presence in 72 countries, with more than 202,600 employees, of which almost 155,000 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.

 

Media Contacts:

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

Guy Taylor
+1 332 323 3704
Guild.Taylor@us.bnpparibas.com