–Additional Expansion in Equity Coverage Also Announced–
BNP Paribas Exane, a leading provider of equity research and a unit of Europe’s leading bank BNP Paribas, today announces the appointment of five senior research analysts to its award-winning US analyst team, further aligning the bank’s global strategy and growth plans:
Moses Sutton is appointed to Head of Clean Energy Research and will lead the clean energy and infrastructure research team. Moses joins from Wellington Management where he covered global renewables. Previously, he was a research analyst at Barclays, where he built and led the #2-ranked Institutional Investor team in alternative energy. Moses holds a Bachelor’s degree in Music Composition from CUNY Brooklyn College and is a CFA charter-holder.
Sam McHugh is appointed to Head of Telecom Equity Research and will focus on growing the bank’s US telecoms and media coverage, while also taking on enhanced responsibilities as a global coordinator for telecom research. Sam has been with BNP Paribas Exane for eight years, and previously based in London where he was the Sector Head for Telecom Research. Sam has consistently been ranked the #1 European Telecom Services analyst by Institutional Investor. Prior to joining BNP Paribas Exane in 2015, he spent five years at Sanford Bernstein on the European telecom research team. Sam holds a Master of Mathematics from the University of York.
Stefan Slowinski is appointed to Global Head of Software Research, leading the coverage on large cap US software and internet stocks, and coordinating BNP Paribas Exane’s global technology research product. Stefan has been with BNP Paribas Exane for over six years, where he has consistently been ranked as a top European Software analyst by Institutional Investor. Prior to BNP Paribas Exane, he was the Head of Research at Haitong Securities for Europe and LATAM, and Deputy Global Head of Equity and Credit Research at Societe Generale. He was also a Founder and Managing Partner of INOX Global Capital Management. Stefan has a Bachelor’s degree from the University of Pennsylvania and an MBA from the London Business School.
Andrew Buscaglia is appointed to Senior Analyst for US Industrial Technology, and will cover diversified industrial IoT applications, including automation equipment, instrumentation, and sensors. Andrew has been covering the industrials sector since 2011 and joins BNP Paribas Exane from Berenberg, where he was a Senior Analyst and US Industrials Sector Head. Prior to Berenberg, Andrew was a Senior Analyst at Credit Suisse, covering environmental services and industrial distribution. Previously, Andrew was a research associate on the semiconductor devices team at Canaccord Genuity. Andrew holds a Bachelor’s degree from Hamilton College.
Kevin Grundy is appointed to Senior Analyst for US Beverages and Household Products. Previously, Kevin was an Equity Research Analyst at Jefferies for over 10 years, and before that, he held a similar position at Morgan Stanley. Kevin also worked at JP Morgan and UBS as an Equity Analyst for over 4 years combined. He holds a BS in Accounting from University of Scranton and an MBA in Finance from Rutgers University. Kevin was also runner-up for the 2023 Institutional Investor poll for his views on the sector.
Moses, Sam, Stefan, Andrew and Kevin all report to Michael Rietbrock – BNP Paribas Exane’s Director of Equity Research, Americas.
Adil El Batji, Head of Global Equities in the Americas at BNP Paribas, said: “We are focused on being the leading European bank for our global clients and offering new and innovative services to help them in the current marketplace. Today’s appointments deliver on this ambition and are also another step in building out our BNP Paribas Exane US Research. Global Equities continues its growth story in the US by providing clients a full value chain across research, financing, execution and derivatives.”
Michael Rietbrock, BNP Paribas Exane’s Director of Equity Research, Americas: “We welcome Moses, Sam, Stefan, Andrew and Kevin to the US BNP Paribas Exane team. It’s an exciting time to join the platform and their contributions will further expand our global equities offerings to institutional clients. We’re very proud to have such talented analysts and look forward to offering BNP Paribas Exane’s unrivalled services to our clients.”
In addition to the new hires, BNP Paribas Exane plans to expand its coverage from 275 U.S. stocks today to over 500 U.S. stocks by 2025, with an initial focus on the Technology, Media, and Telecommunications (TMT), Consumer, Healthcare and Industrials sectors. This expansion of U.S. stocks coverage is supported by the bank’s ambitious plans to grow the number of analysts, sector specialists, traders, sales traders and salespeople it employs. BNP Paribas Exane today covers over 966 stocks globally.
In 2021 BNP Paribas acquired 100 percent of Exane following a successful 17-year partnership and in November 2022, BNP Paribas launched BNP Paribas Exane in the US. The bank has since aligned BNP Paribas Exane’s offering with its leading Global Markets platform.
BNP Paribas Exane has been ranked the #1 industry research provider in Europe for seven consecutive years by Institutional Investor. In addition to best-in-class equities research, clients will continue to benefit from the bank’s top-tier electronic execution and prime brokerage platforms migrated from Deutsche Bank, its state-of-the-art execution platform driven by Cortex Equities, the referral arrangement for Credit Suisse Prime Services customers, and well-recognized equity derivatives expertise developed over 30 years.
###
Press Contacts:
BNP PARIBAS
Guy Taylor
+1 (332) 323-3704
Guild.Taylor@us.bnpparibas.com
Mylene Benmoussa
+1 (646) 322-5221
Mylene.Benmoussa@consultant.bnpparibas.com
About BNP Paribas Exane
Exane was founded in 1990 with a robust business model built around three complementary business lines: Cash Equities (BNP Paribas Exane); Structured Solutions (Exane Solutions); and Asset Management (Exane Asset Management). The group expanded internationally in order to be as close to clients as possible, with Paris and London as its main offices. Over 800 employees are now spread across nine sites worldwide: Paris, London, Frankfurt, Geneva, Madrid, Milan, Stockholm, New York and San Francisco. After a successful 17-year partnership with BNP Paribas, Exane became a subsidiary of BNP Paribas in July 2021.
About BNP Paribas
BNP Paribas is the European Union’s leading bank and key player in international banking. It operates in 65 countries and has nearly 185,000 employees, including more than 145,000 in Europe. The Group has key positions in its three main fields of activity: Commercial, Personal Banking & Services for the Group’s commercial & personal banking and several specialised businesses including BNP Paribas Personal Finance and Arval; Investment & Protection Services for savings, investment and protection solutions; and Corporate & Institutional Banking, focused on corporate and institutional clients. Based on its strong diversified and integrated model, the Group helps all its clients (individuals, community associations, entrepreneurs, SMEs, corporates and institutional clients) to realise their projects through solutions spanning financing, investment, savings and protection insurance. In Europe, BNP Paribas has four domestic markets: Belgium, France, Italy and Luxembourg. The Group is rolling out its integrated commercial & personal banking model across several Mediterranean countries, Turkey, and Eastern Europe. As a key player in international banking, the Group has leading platforms and business lines in Europe, a strong presence in the Americas as well as a solid and fast-growing business in Asia-Pacific. BNP Paribas has implemented a Corporate Social Responsibility approach in all its activities, enabling it to contribute to the construction of a sustainable future, while ensuring the Group’s performance and stability.
With hosts Jonathan Ferro, Lisa Abramowicz and Annmarie Hordern they discussed Google and Microsoft earnings. Watch the full interview here
New York, Feb 05, 2024 – BNP Paribas is pleased to share it recently renewed and increased its loans to Grameen America, further solidifying the bank’s strong commitment to promoting social and financial inclusion. BNP Paribas’s relationship with Grameen America extends beyond financial support and is driven by the Group’s intent to reinforce positive societal impact.
Grameen America was founded in 2008, in Queens, NY, and has quickly become one of the largest microfinance institutions in the United States. As a non-for-profit organization, its mission is dedicated to helping underserved entrepreneurial women build their businesses, secure financing, and provide support that may not have been accessible otherwise.
As of December 2023, Grameen America has supported over 186,000 borrowers with more than $3.8B in loan capital through 27 cities across the country. Microfinance loans to organizations such as Grameen America, not only supports the development of small economic projects but also helps to open doors to emerging entrepreneurs seeking to elevate social initiatives and economic security.
Findings from a study conducted on Grameen America by independent research firm MDRC found that the Grameen America microlending model resulted in a reduction of measures of material hardship and an increase of credit scores and business ownership. The microlending program also improved participants’ feelings of overall financial well-being.
In 2017, BNP Paribas successfully issued its first credit line to Grameen America and has since demonstrated a fruitful partnership, for example the bank provided pro-bono mentoring to Grameen America’s employees at its head offices in New York.
The recent closing of a new microfinance loan in 2023 demonstrates BNP Paribas’s continued commitment to its longstanding relationship with Grameen America and the noteworthy funding it provides to low-income entrepreneurs. To learn more about Grameen America and its meaningful work please visit: Grameen America.
BNP Paribas has been financing microfinance institutions, building meaningful connections and providing access to credit in emerging countries since 1989. Consequently, reaching 2.9 million indirect beneficiaries through 1,2 billion euro in total loans. Last May, BNP Paribas also renewed for three more years its partnership with Grameen’s Creative Lab, a separate entity from the Grameen America that promotes a concept of having a “World of Three Zeroes”: zero poverty, zero unemployment and zero net carbon emissions.
Press Contacts:
BNP PARIBAS
Guy Taylor
+1 (332) 323-3704
Guild.Taylor@us.bnpparibas.com
Claire Schiff
+1 (646) 634-4042
Claire.Schiff@us.bnpparibas.com
GRAMEEN
media@grameenamerica.org
About Grameen America
Grameen America is a 501(c)(3) nonprofit microfinance organization dedicated to helping low-income women build small businesses to create better lives for their families. The organization offers access to loan capital, financial education, asset- and credit-building, and peer support to transform communities and advance financial mobility in the United States. Since January 2008, Grameen America has invested over $3.8 billion in more than 188,000 women entrepreneurs. Opening originally in Jackson Heights, Queens, Grameen America has expanded to 27 cities in Atlanta, GA, Austin, TX, Boston, MA, Camden, NJ, Charlotte, NC, Chicago, IL, Connecticut, Dallas, TX, Fresno, CA, Houston, TX, Indianapolis, IN, Los Angeles, CA, Memphis, TN, Miami, FL, Newark, NJ, New York, NY, Omaha, NE, Oakland, CA, Phoenix, AZ, Riverside, CA, San Antonio, TX, San Bernardino, CA, San Jose, CA, Trenton, NJ and Union City, NJ.
About BNP Paribas CIB in the Americas
Corporate & Institutional Banking (CIB) Americas serves over 3,200 Corporate, Institutional, Private Banking & Distribution clients through its: Global Banking, which provides sophisticated and diversified expertise in financing, cash management and financial advisory services for clients; Global Markets, which offers consistent client service and innovative solutions for investment, hedging, and financing opportunities across asset classes and geographies, as well as research and market intelligence; Securities Services, a leading global custodian and securities services provider offering multi-asset post-trade and asset servicing solutions for buy- and sell-side market participants, corporates and issuers; and Asset Management offering high value-added solutions to individual savers, companies, and institutional investors through a broad range of skills in four investment areas: Equities; Fixed Income; Private Debt & Real Assets; and Multi-Asset, Quantitative, & Solutions (MAQS).
Jean-Yves Fillion recently joined host David Westin on Bloomberg TV’s “Wall Street Week” (click here):Watch Fillion: US is Attractive Domestically and Overseas – Bloomberg
In the interview, Jean-Yves discusses the economy, markets, inflation, and the health of consumers, among other topics.
Please click here:
The U.S. consumer is resilient despite constant headwinds, says BNP’s Jean-Yves Fillion (cnbc.com)
Please find here recent BNP Paribas Exane press coverage of Stefan Slowinski, Global Head of Software Research, on CNBC’s “Worldwide Exchange” this morning where he discusses mega-cap tech stocks during earnings season, particularly Alphabet.
Stefan Slowinski, Global Head of Software Research for BNP Paribas Exane, joins BNN Bloomberg TV’s “The Daily Chase” where he discusses tech hot picks including Nvidia, Alphabet, Salesforce, and Workday among others. Please see the full clip:
Hot picks: Three stocks to buy in the software sector – Video – BNN (bnnbloomberg.ca)
The team will transition into their new roles over the next several months
New York, NY & Miami, FL, August 7, 2023 – BNP Paribas Securities Corp., a unit of Europe’s leading bank BNP Paribas, today announced the appointment of Matt O’Connor as Head of its new Miami office as well as Annabella Espina the Chief Operating Officer (COO).
José Placido, Chief Executive Officer of BNP Paribas USA and CIB Americas, said: “We welcome Matt and Annabella to these new roles and look forward to the official opening of our Miami office later this year. Since our announcement in January of launching this office, we’ve put every effort towards achieving today’s milestone to further expand our Global Markets franchise in the Americas, with more to come.”
John Gallo, Head of Global Markets Americas and Global Head of Institutional Client Group at BNP Paribas, said: “We’re excited to share the news that we have finalized the selection for the Miami office management and that these are the first of many significant hires in this important new chapter for our business. The new office is consistent with our strategy of being close to the clients we serve and will be an important office for our Global Markets business. I am confident Matt, Annabella, and our office will be very successful.”
Matt O’Connor is currently Managing Director, Global Macro Institutional Sales at BNP Paribas in New York. He joined the bank in 2014 and has over 20 years of experience in financial markets. Prior to BNP Paribas, he was Head of Commodity Investor Sales at Deutsche Bank and held various positions with Lehman Brothers.
Annabella Espina is currently the CFO of CIB Mexico and has been with BNP Paribas for over 17 years. She has held several senior positions within the Bank in Paris, New York and Mexico City, including Chief of Staff for Finance and Tax and Head of Financial Management and Corporate Development for CIB Americas.
BNP Paribas Securities Corp.’s Miami office will open the Fourth Quarter 2023 and support the continued growth of its Global Markets business in the US, amongst others, and the increasing number of clients with a foothold in South Florida. The new office is located at 801 Brickell Avenue in Miami’s financial hub and will focus on credit, equities, and macro products. BNP Paribas Securities Corp.’s Miami campus is also the latest example of the firm’s efforts to create best-in-class platforms and products for its local Miami-area clients.
###
Press Contacts:
BNP PARIBAS
Guy Taylor
+1 (332) 323-3704
Guild.Taylor@us.bnpparibas.com
Robert Madden
+1 (917) 287-8501
Robert.Madden@us.bnpparibas.com
About BNP Paribas
BNP Paribas is the European Union’s leading bank and key player in international banking. It operates in 65 countries and has nearly 185,000 employees, including more than 145,000 in Europe. The Group has key positions in its three main fields of activity: Commercial, Personal Banking & Services for the Group’s commercial & personal banking and several specialised businesses including BNP Paribas Personal Finance and Arval; Investment & Protection Services for savings, investment and protection solutions; and Corporate & Institutional Banking, focused on corporate and institutional clients. Based on its strong diversified and integrated model, the Group helps all its clients (individuals, community associations, entrepreneurs, SMEs, corporates and institutional clients) to realise their projects through solutions spanning financing, investment, savings and protection insurance. In Europe, BNP Paribas has four domestic markets: Belgium, France, Italy and Luxembourg. The Group is rolling out its integrated commercial & personal banking model across several Mediterranean countries, Turkey, and Eastern Europe. As a key player in international banking, the Group has leading platforms and business lines in Europe, a strong presence in the Americas as well as a solid and fast-growing business in Asia-Pacific. BNP Paribas has implemented a Corporate Social Responsibility approach in all its activities, enabling it to contribute to the construction of a sustainable future, while ensuring the Group’s performance and stability.
Jean-Yves addresses the Fitch downgrade and market impact, fixed income activity, and the banking industry including the sale of Bank of the West, among other topics: (4:50 time; best viewed on MS Edge): Fitch downgrade shouldn’t impact stability of US economy, capital markets: Jean-Yves Fillion | Fox Business Video
Stefan Slowinski, BNP Paribas Exane Software Analyst, joins CNBC TV anchor Frank Holland for their show “Worldwide Exchange” where they discussed AI, enterprise applications, Alphabet, Microsoft, and Salesforce among others.
Please see the replay link here.