BNP Paribas Hires Senior Derivatives Trader in Foreign Exchange


NEW YORK, June 24, 2004 (PRIMEZONE) -- Carl Nabar has joined BNP Paribas (Pink Sheets:BNPQY) in New York as Senior FX Derivative trader within the Global Foreign Exchange business. He most recently held a senior position at AIG trading, and prior to that he spent over six years at CSFB as a senior exotic options trader. At BNP Paribas, Carl will primarily focus on structured and exotic FX products and will also be in charge locally of our gold derivative business.

He reports functionally to Hubert de Lambilly, Head of Asian FX Derivative and Structured FX business and locally to Nigel Babbage, Head of FX North America and Global Head of FX Derivative Trading. "We are delighted to have a trader of Carl's calibre join our team," says Babbage.

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.



 For more information, please contact:
 Janine M. Mejeur-Haas, Director, Corporate Communications -- North
 America
 Tel: (212) 841-3070,
 e-mail: janine.mejeur-haas@americas.bnpparibas.com

 Melissa Sherer, Press Officer
 Tel: (212) 841-3809,
 e-mail: melissa.sherer@americas.bnpparibas.com