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NEW YORK, NY -- (MARKET WIRE) -- January 16, 2007 -- BNP Paribas is delighted to announce that it
has been named 'Equity Derivatives House of the Year' in Risk magazine's
2007 awards, which recognise innovation and excellence in derivatives and
risk management. BNP Paribas has long been established as one of the clear
leaders in equity derivatives, and this is the second time that the bank
has won this prestigious award, having previously won it in 2004.
BNP Paribas was recognised by Risk magazine for having significantly
strengthened its overall market position over the past year, particularly
in further building up its robust flow platform. In 2006, BNP Paribas
boosted its presence in the US and added resources to its corporate,
fund-linked and structured products offerings. As well as recruiting over
200 people to its Equities & Derivatives business, the bank has continued
to make strides in developing the most innovative solutions for clients.
Commenting on this notable success, Yann Gerardin, Global Head of Equities
& Derivatives at BNP Paribas said: "This award reflects an excellent 2006
for the business, as our innovative capabilities and the growth of our
client activity have clearly distinguished us from our competitors. We have
ambitious growth targets for the coming year and are confident that our
platform will cross new frontiers, in terms of modelling and risk
management."
Jacques d'Estais, Head of Corporate and Investment Banking at BNP Paribas
added: "Derivatives are an integral part of BNP Paribas' culture and a key
area of growth for the bank. We are thrilled to accept this award, which
reinforces the strength of our equity derivatives franchise and the bank's
ongoing commitment to our clients."
About BNP Paribas
BNP Paribas (www.bnpparibas.com) is a European leader in banking and
financial services, and ranks among the world's top 15 banks by market
capitalization and total assets. It has more than 140,000 employees,
110,000 of whom are based in Europe. The group occupies leading positions
in three significant fields of activity: Corporate and Investment Banking,
Asset Management & Services and Retail Banking. It is present in 85
countries and has a strong presence in all the key financial centres.
Present throughout Europe, in all its business lines, France and Italy are
its two domestic markets in retail banking. BNP Paribas enjoys a
significant and growing presence in the United States and leading positions
in Asia and in emerging markets.
About Risk magazine
Risk magazine is the leading publication for the global derivatives and
risk management communities. Celebrating its 20th anniversary this year,
Risk is read by more than 80,000 financial professionals each month and its
annual awards are widely acknowledged and celebrated for the standards of
excellence they have established for the markets covered by the magazine.