PARIS--(Marketwired - Nov 20, 2014) -
New name and governance focusing on the needs of corporate and institutional clients.
More integrated offer of solutions for institutional clients with BNP Paribas Securities Services and a newly created Global Markets.
A simplified regional approach with two new regions (EMEA and Americas) in addition to the existing APAC region and a simpler organisation for seamless service to corporate clients.
BNP Paribas announces today a new governance for its Corporate and Institutional Banking division, previously called Corporate and Investment Banking. This new CIB is centered on two client franchises, corporates and institutionals.
To best serve institutional clients with a comprehensive range of solutions, BNP Paribas Securities Services comes under the governance of the new CIB, while remaining a separate legal entity.
This new CIB also aims to promote dialogue between institutional and corporate clients, thanks to a more collaborative and efficient structure, which will facilitate the implementation of the Group's business development plan.
In addition, to simplify the regional approach, the North and Latin America regions, and the Europe and MEA regions, will be combined to create two larger regions: Americas and EMEA. The APAC region remains unchanged.
In EMEA a simpler organization for seamless service for corporate clients will be structured around: Corporate Clients Financing and Advisory EMEA on one side, and Country Management and Corporate Trade and Treasury Solutions EMEA, on the other side.
BNP Paribas CIB is a leading provider of financial solutions to corporate and institutional clients worldwide and this new governance will strengthen its existing strong franchises in Transaction Banking, Specialized Financing, Derivatives, Advisory and Capital Markets where it is a top European house in ECM and a global leader in DCM.
Institutional clients globally: a collaborative approach to increase depth of service
In order to provide to our institutional clients a wider access to the best of BNP Paribas CIB's products and services, and to position the Bank as their strategic partner, the solutions provided by BNP Paribas CIB will now be structured around:
Corporate clients in EMEA: a simpler governance for seamless service
For its corporate clients, BNP Paribas CIB offers facilitated relations and the benefit of its entire range of solutions: a well-established geographic presence and local expertise; the know-how of its coverage bankers and product experts; a robust, industrialized flow banking platform.
In line with the creation of the EMEA region, the activities dedicated to the corporate clientele are grouped into two business lines:
Corporate Clients Financing and Advisory EMEA will bring all of BNP Paribas CIB's expertise to address the investment and financing needs of CIB's corporate clients. This business line will group all types of Coverage, the Financing businesses and Corporate Finance.
Country Management and Corporate Trade and Treasury Solutions EMEA will deliver a transversal and industrialized platform for our corporate clients' flow banking needs. This group will include Energy and Commodities Finance Europe, Trade and Banking Flow, Cash Management, Corporate Deposit Line, Trade and Deposit Product Development.
Yann Gérardin, head of BNP Paribas CIB, stated: "The banking industry has changed dramatically, and not only in terms of regulations. Business models are being industrialized, rationalized, digitalized. Clients are expecting us to serve them holistically with added-value and industrialized solutions. Our new CIB focusing on our two client franchises of corporates and institutionals will allow us to meet their expectations more simply and more efficiently. And it will also reinforce our capacity to achieve our development plans as announced earlier this year."
Appointments
To support this strategic initiative, BNP Paribas announces the following appointments
(effective 5 January 2015):
Reporting to Thomas Mennicken are:
In the context of BNP Paribas setting up Global Markets, headed directly by Yann Gérardin, new Head of CIB, it was agreed with Frédéric Janbon that he would be appointed Special Advisor to the Group General Management.
Jean-Laurent Bonnafé, Chief Executive Officer of BNP Paribas, commented: "I would like to express my utmost gratitude to Frédéric for his contribution to the development of our global Fixed Income platform over the past nine years."
BNP Paribas has a presence in 75 countries with more than 180,000 employees, including more than 140,000 in Europe. It ranks highly in its three core activities: Retail Banking, Investment Solutions and Corporate & Investment Banking. In Europe, the Group has four domestic markets (Belgium, France, Italy and Luxembourg) and BNP Paribas Personal Finance is the leader in consumer lending. BNP Paribas is rolling out its integrated retail banking model across Mediterranean basin countries, in Turkey, in Eastern Europe and a large network in the western part of the United States. In its Corporate & Investment Banking and Investment Solutions activities, BNP Paribas also enjoys top positions in Europe, a strong presence in the Americas and solid and fast-growing businesses in Asia- Pacific.