NEW YORK, June 10, 2004 (PRIMEZONE) -- BNP Paribas (Pink Sheets:BNPQY) is pleased to announce the hire of Geoffrey A. Manna as Managing Director in BNP Paribas' Leveraged Finance Group. He will report to Kathryn Swintek, Head of BNP Paribas' U.S. Leveraged Finance Group, based in New York.
Manna is a U.S. leveraged finance veteran with over 15 years' experience in the financial services industry, including nearly ten years in investment banking positions at Credit Suisse First Boston and Deutsche Banc Alex Brown. Most recently, he served for five years at CSFB as Director and Team Leader in their U.S. Financial Sponsors Group, and prior to that served at DBAB as Vice President in their U.S. Leveraged Finance and Financial Sponsors Group.
In commenting on the hire, Kathryn Swintek stated, "Geoff is a great addition to the Group, which has been active in the U.S. market for over ten years and has been increasing its global presence. Investments made in loan syndications, high yield and merger and acquisition advisory gives us the ability to deliver a seamless, global product second to none. Geoff's track record in delivering this broad product array will assist us in achieving the growth we are seeking."
Philippe Vuarchex, Global Head of Leveraged Finance, echoed Swintek's comments and stated, "We look forward to supporting Geoff's efforts in bringing the global power of BNP Paribas to the valued clients he will cover."
"I am very pleased to be joining BNP Paribas' world class leveraged finance platform, especially in light of their recent momentum with large cap financial sponsor clients. I'm looking forward to helping the team execute its U.S. growth strategy," commented Manna.
Underscoring the global investments BNP Paribas has made, the market has recognized BNP Paribas' leadership with awards for European Loan House of the Year (IFR 2003), and to BNP Paribas Peregrine, Mid-cap Equity House of the Year (IFR Asia 2003). In addition, BNP Paribas acted as Joint Underwriter and Arranger for the European LBO of the Year-SEAT Pagine Gialle (IFR 2003).
About BNP Paribas
BNP Paribas (www.bnpparibas.com) is a European leader in banking and financial services, with a significant and growing presence in the United Sates and leading positions in Asia. The most profitable bank in the Euro zone, it has a presence in 85 countries with 89,400 employees. The group enjoys key positions in Corporate and Investment Banking, Private Banking & Asset Management, Insurance, Securities Services and Retail Banking.
Headquartered in New York, BNP Paribas in North America offers a broad range of corporate, investment banking and securities brokerage activities. With locations in all the major corporate and financial centers across the United States and Canada, BNP Paribas in North America serves a world-class client base of multinational corporate and mid-cap companies, major issuers and institutional buyers. As a registered NASD broker-dealer and member of SIPC, BNP Paribas Securities Corp. underwrites, trades and markets a vast array of global and domestic fixed income and equity products. In the U.S., BNP Paribas offers retail banking and financial services through BancWest Corporation, a wholly owned subsidiary.