BNP Paribas Corporate and Investment Banking Appoints Joe Carney to Its Hedge Fund Relationship Management Team in New York

NEW YORK, NY--(Marketwire - October 20, 2009) - BNP Paribas is pleased to announce the appointment of Joe Carney to its global Hedge Fund Relationship Management team (HFRM). He joins as a Managing Director and is part of the team who service the Bank's Hedge Fund clients in the Americas. He is based in New York and reports to Christopher Lane, Head of HFRM for the Americas.

Joe joins BNP Paribas with over 20 years of Fixed Income expertise, both in the US and internationally. He most recently worked at Norfolk Markets in New York where he was responsible for the distribution of certain asset management products and solutions to global clients. Prior to his tenure at Norfolk, Joe was the Managing Director and Global Head of Bank Coverage for Sales & Trading at Morgan Stanley in London. During his time there, he led regional teams around the world in delivering fixed income products and solutions to banks.

Talbot Stark, global head of hedge fund and institutional relationship management, said, "Hedge Funds are a core client group for BNP Paribas and we look to further to enhancing our relationships with the addition of Joe's talents to the team."

Additionally, Bastiaan Schuttevaer joins the New York office as a Managing Director and COO of the Hedge Fund and Institutional Relationship Management Group ('HFIRM'). Bastiaan will report locally to Thomas Mahoney, COO of Equities and Commodity Derivatives and Kip Testwuide, Head of Origination and Distribution, Fixed Income Americas and Talbot Stark functionally. Bastiaan has been with BNP Paribas across a variety of positions in London, Paris, and New York since 2005. He has over 14 years in experience in financial markets equally split between Europe and the US. Most recently he was responsible for the risk management of the EMEA hedge fund portfolio. Prior to joining BNP Paribas he was responsible for financial institutions credit at ABN Amro in New York.

Commenting on Bastiaan's appointment, Talbot Stark said, "BNP Paribas continues to grow its institutional client business and now has over fifteen professionals dedicated to serving our global institutional and hedge fund clients. We are confident that with Bastiaan's appointment we will further enhance our ability to deliver these clients to the Bank, and the Bank to these strategic clients."

The BNP Paribas Hedge Fund and Institutional Relationship Management ('HFIIRM') Group, is a combination of the Institutional Relationship Management group, which was formed in January 2009 to cover the institutional sector across the full range of capital market products, and Hedge Fund Relationship Management ('HFRM'). Over the last three years, BNP Paribas has made significant strides in developing its Flow, Trading and Execution Services across the entire span of capital markets. The IRM Group leverages on the success and growth of BNP Paribas' HFRM Group and provides an integrated offering to institutional clients, drawing on the expertise and strength of the bank's business lines.

About BNP Paribas Corporate and Investment Banking

BNP Paribas Corporate and Investment banking division (http://cib.bnpparibas.com/) has almost 17,000 employees, deployed in 53 countries around the world. BNP Paribas CIB excels in three fundamental sectors in particular:

Derivatives -- it is one of the leading global players in rates, credit, forex, commodity and equity derivatives.

Capital markets -- it is amongst the top ten Euro houses for both ECM and DCM (bond issues, securitization, convertibles and shares).

Structured finance -- it is amongst the world leaders for acquisition, export, project and commodity finance.

About BNP Paribas

BNP Paribas (www.bnpparibas.com) is one of the 6 strongest banks in the world according to Standard & Poor's*. With a presence in 85 countries and more than 205,000 employees, 165,200 of which in Europe, BNP Paribas is a global-scale European leader in financial services. It holds key positions in its three activities: Retail banking, Investment Solutions and Corporate & Investment Banking. The Group benefits from its four domestic markets: Belgium, France, Italy and Luxembourg. BNP Paribas also has a significant presence in the United States and strong positions in Asia and the emerging markets.

* Within its peer group

Contact Information: Press contacts: Edwina Frawley-Gangahar Media Relations, New York +212-841-3719