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About BNP Paribas
BNP Paribas (www.bnpparibas.com) is a European leader in global banking and financial services and one of the six strongest banks in the world (Rated AA by Standard & Poor's i.e. 3rd rating on a scale of 22). Present across Europe through all its business lines, the Group has four domestic retail banking markets in France, Italy, Belgium and Luxembourg. It has one of the largest international networks with operations in 84 countries and 201,100 employees, including 158,800 in Europe, 15,100 in North America and 10,600 in Asia. (30/06/2010) BNP Paribas has key positions in its three core businesses: Retail banking, Corporate & Investment Banking, Investment Solutions.
BNP Paribas in Brief 2010 (3.54 Mo)
Read the Flash version of BNP Paribas Annual Report 2009
BNP Paribas North & East Asia
In North & East Asia, BNP Paribas is organized around the dynamic regional hub of Hong Kong with its business primarily comprising the two core areas of Corporate and Investment Banking & Investment Solutions.
Corporate and Investment Banking
The Corporate and Investment Banking activities are balanced between advisory and capital markets; and specialized financing. The client coverage organization manages the bank's client portfolio along with Financial Institutions, Large Corporates and a team of Senior Bankers who maintain close relationships with individual clients.
In July 2008, BNP Paribas Corporate and Investment Banking further strengthened its organization to ensure optimal coverage for major corporate and institutional clients worldwide, with the establishment of a single worldwide coverage entity to serve its major clients. At the same time, two new business lines have been created:
Investment Solutions
This is the asset-gathering arm of the Group which includes Wealth Management and BNP Paribas Investment Partners. Serving high net-worth individuals, BNP Paribas Wealth Management offers personalized portfolio engineering and diverisification advice, tailored to the specific needs of each client and backed by a range of carefully selected high-performance, innovative products.
The BNP Paribas Investment Partners team, organized by client category, provides client-specific offers and personalized local services. Through a unique platform that offers immediate and simplified access to a broad range of specialized Partner companies, BNP Paribas Investment Partners has become a leader in the European asset management industry.
Completion of its conversion project in China
In June 2008, BNP Paribas announced the completion of its conversion project in China, a prerequisite for the Bank to gradually conduct banking services freely with all classes of customers in China. The conversion also represents a significant landmark of the Bank since it established its presence in the country nearly 150 years ago. In April, BNP Paribas secured the approval from China's banking regulator, the China Banking Regulatory Commission, to convert the branches of BNP Paribas in Beijing, Tianjin and Guangzhou into branches of BNP Paribas (China) Limited, a wholly owned existing subsidiary of the Bank. BNP Paribas Shanghai branch will be retained as a foreign currency wholesale branch under the BNP Paribas Group.
Partnership with Bank of Nanjing
BNP Paribas has partnered with Bank of Nanjing (BoN) to give it a foothold on the mainland. BNP Paribas' partner is one of China's biggest commercial banks located in Jiangsu province, with the number of branches totaling 60 and employing more than 1,500 people. The deal was completed in October 2005. Under the terms of the agreement, BNP Paribas purchased a 19.2 percent stake in the Chinese bank, which has been diluted to 12.6 per cent stake following Bank of Nanjing's initial public offering in July 2007. The partnership with BoN includes a range of business activities, building on BoN's knowledge and distribution strength of the local market, and BNP Paribas' product skills in areas including retail banking, credit cards, wealth management and corporate banking.
Key Milestones in North and East Asia
HONG KONG
1958 Hong Kong branch set up
1998 Acquired Peregrine Investments as its Asia ex-Japan investment banking and securities arm
2005 Office relocated to Two International Finance Centre
2006 Branding Realignment for Equity Brokerage and Corporate Finance businesses in Asia
CHINA
1860 Shanghai office opened
1980 Beijing representative office re-opened
1992 International Bank of Paris and Shanghai set up in Shanghai
1993 Tianjin branch opened
1995 Guangzhou branch opened
1996 Chengdu representative office opened
1997 Beijing branch opened
1997 Shanghai branch opened
2003 BNP Paribas (China) Limited set up
2004 SYWG BNP Paribas Asset Management Co. Ltd, an asset management joint venture, set up
2004 Shanghai dealing room opened
2004 Selected as a Qualified Foreign Institutional Investor (QFII)
2005 Acquired 19.2% stake in Nanjing City Commercial Bank
2006 BNP Paribas Private Banking Shanghai launched
2008 Conversion project for BNP Paribas China Limited completed
2008 Headquarters of BNP Paribas (China) Ltd relocated to Shanghai World Financial Center
TAIWAN
1981 Taipei representative office opened
1984 Taipei branch opened
1991 Kaohsiung branch opened
2000 BNP Paribas Investment Services set up
2005 BNP Paribas Securities (Taiwan) Co Ltd set up
2005 BNP Paribas Wealth Management Taiwan launched
2007 BNP Paribas Wealth Management launched Kaohsiung branch as its second flagship unit in Taiwan
2007 Bank of the West opened a representative office in Taipei
BNP Paribas (www.bnpparibas.com) is a European leader in global banking and financial services and one of the six strongest banks in the world (Rated AA by Standard & Poor's i.e. 3rd rating on a scale of 22). Present across Europe through all its business lines, the Group has four domestic retail banking markets in France, Italy, Belgium and Luxembourg. It has one of the largest international networks with operations in 84 countries and 201,100 employees, including 158,800 in Europe, 15,100 in North America and 10,600 in Asia. (30/06/2010) BNP Paribas has key positions in its three core businesses: Retail banking, Corporate & Investment Banking, Investment Solutions.
BNP Paribas in Brief 2010 (3.54 Mo)
Read the Flash version of BNP Paribas Annual Report 2009
BNP Paribas North & East Asia
In North & East Asia, BNP Paribas is organized around the dynamic regional hub of Hong Kong with its business primarily comprising the two core areas of Corporate and Investment Banking & Investment Solutions.
Corporate and Investment Banking
The Corporate and Investment Banking activities are balanced between advisory and capital markets; and specialized financing. The client coverage organization manages the bank's client portfolio along with Financial Institutions, Large Corporates and a team of Senior Bankers who maintain close relationships with individual clients.
In July 2008, BNP Paribas Corporate and Investment Banking further strengthened its organization to ensure optimal coverage for major corporate and institutional clients worldwide, with the establishment of a single worldwide coverage entity to serve its major clients. At the same time, two new business lines have been created:
- Global Structured Finance (which includes the structured finance activities of origination, structuring, execution and syndication for all business sectors);
- Corporate & Transaction Group (which includes all clients with diversified flow banking needs).
Investment Solutions
This is the asset-gathering arm of the Group which includes Wealth Management and BNP Paribas Investment Partners. Serving high net-worth individuals, BNP Paribas Wealth Management offers personalized portfolio engineering and diverisification advice, tailored to the specific needs of each client and backed by a range of carefully selected high-performance, innovative products.
The BNP Paribas Investment Partners team, organized by client category, provides client-specific offers and personalized local services. Through a unique platform that offers immediate and simplified access to a broad range of specialized Partner companies, BNP Paribas Investment Partners has become a leader in the European asset management industry.
Completion of its conversion project in China
In June 2008, BNP Paribas announced the completion of its conversion project in China, a prerequisite for the Bank to gradually conduct banking services freely with all classes of customers in China. The conversion also represents a significant landmark of the Bank since it established its presence in the country nearly 150 years ago. In April, BNP Paribas secured the approval from China's banking regulator, the China Banking Regulatory Commission, to convert the branches of BNP Paribas in Beijing, Tianjin and Guangzhou into branches of BNP Paribas (China) Limited, a wholly owned existing subsidiary of the Bank. BNP Paribas Shanghai branch will be retained as a foreign currency wholesale branch under the BNP Paribas Group.
Partnership with Bank of Nanjing
BNP Paribas has partnered with Bank of Nanjing (BoN) to give it a foothold on the mainland. BNP Paribas' partner is one of China's biggest commercial banks located in Jiangsu province, with the number of branches totaling 60 and employing more than 1,500 people. The deal was completed in October 2005. Under the terms of the agreement, BNP Paribas purchased a 19.2 percent stake in the Chinese bank, which has been diluted to 12.6 per cent stake following Bank of Nanjing's initial public offering in July 2007. The partnership with BoN includes a range of business activities, building on BoN's knowledge and distribution strength of the local market, and BNP Paribas' product skills in areas including retail banking, credit cards, wealth management and corporate banking.
Key Milestones in North and East Asia
HONG KONG
1958 Hong Kong branch set up
1998 Acquired Peregrine Investments as its Asia ex-Japan investment banking and securities arm
2005 Office relocated to Two International Finance Centre
2006 Branding Realignment for Equity Brokerage and Corporate Finance businesses in Asia
CHINA
1860 Shanghai office opened
1980 Beijing representative office re-opened
1992 International Bank of Paris and Shanghai set up in Shanghai
1993 Tianjin branch opened
1995 Guangzhou branch opened
1996 Chengdu representative office opened
1997 Beijing branch opened
1997 Shanghai branch opened
2003 BNP Paribas (China) Limited set up
2004 SYWG BNP Paribas Asset Management Co. Ltd, an asset management joint venture, set up
2004 Shanghai dealing room opened
2004 Selected as a Qualified Foreign Institutional Investor (QFII)
2005 Acquired 19.2% stake in Nanjing City Commercial Bank
2006 BNP Paribas Private Banking Shanghai launched
2008 Conversion project for BNP Paribas China Limited completed
2008 Headquarters of BNP Paribas (China) Ltd relocated to Shanghai World Financial Center
TAIWAN
1981 Taipei representative office opened
1984 Taipei branch opened
1991 Kaohsiung branch opened
2000 BNP Paribas Investment Services set up
2005 BNP Paribas Securities (Taiwan) Co Ltd set up
2005 BNP Paribas Wealth Management Taiwan launched
2007 BNP Paribas Wealth Management launched Kaohsiung branch as its second flagship unit in Taiwan
2007 Bank of the West opened a representative office in Taipei