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About BNP Paribas
BNP Paribas (www.bnpparibas.com) is a European leader in global banking and financial services and is amongst the very few banks in the world to have been given AA+ long-term rating (Standard & Poor's, July 10, 2007). The group is present in over 85 countries, with more than 168,000 employees, including 129,500 in Europe. The group holds key positions in three major segments: Corporate and Investment Banking, Asset Management & Services, and Retail Banking. Present throughout Europe in all of its business lines, the bank's two domestic markets in retail banking are France and Italy. BNP Paribas also has a significant presence in the United States and strong positions in Asia and the emerging markets.
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 two core areas:
Corporate and Investment Banking
Corporate and Investment Banking activities are balanced between advisory and capital markets (Corporate Finance, Equities, Fixed Income, Equities and Derivatives), and specialized financing (Structured Finance, Export and Commodities, Project Finance).
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.
BNP Paribas' Corporate and Investment Banking business enjoys a leading position in Asia. The list of awards speaks for itself:
Asset Management and Services
This is the asset-gathering arm of the Group which includes Private Banking and BNP Paribas Investment Partners. Serving high net-worth individuals, BNP Paribas Private Bank offers personalized portfolio engineering and diversification advice, tailored to the specific needs of each client & backed by a range of carefully selected high-performance, innovative products. The following awards from Asiamoney's Private Banking Poll in 2007 bear testament to the Bank's industry excellence and achievements in the market:
BNP Paribas Wealth Management Taiwan launched the opening of its Kaohsiung-based team in June 2007 as its second flagship unit in Taiwan, in addition to its Taipei office.
In October 2006, BNP Paribas Private Banking was officially launched in China.
The BNP Paribas Investment Partners team, organized by client category, provides client-specific offers and personalized local services. With total assets under management at EUR 360 billion (June 30, 2007), the Bank is now building its presence in mainland China where an asset banking license was obtained in 2003.
Strategic Investment & Local Incorporation In China
In October 2005, BNP Paribas signed an agreement to buy 19.2 per cent of Bank of Nanjing (BON). The partnership with BON includes a range of business activities, building on BON's excellent 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. As at 31 December 2006, BON was one of China's biggest commercial banks located in Jiangsu province, with the number of branches totalling 60 and employing more than 1,500 people. As of July 2007, BNP Paribas owns a 12.6 per cent stake in BON.
In April 2007, BNP Paribas submitted its application to the China Banking Regulatory Commission for converting the branches of BNP Paribas in Beijing, Tianjin and Guangzhou into branches of its existing local subsidiary, BNP Paribas (China) Limited. Subject to regulatory approval, this conversion project will give BNP Paribas the flexibility to conduct the full range of banking business with all classes of customers in China. After the conversion, BNP Paribas (China) Limited will be headquartered in Shanghai. Meanwhile, the existing BNP Paribas Shanghai Branch will be retained as a foreign currency wholesale branch of BNP Paribas S.A.
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
2007 BNP Paribas China Limited Applied for Local Incorporation*
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
* The application is subject to regulatory approval
BNP Paribas (www.bnpparibas.com) is a European leader in global banking and financial services and is amongst the very few banks in the world to have been given AA+ long-term rating (Standard & Poor's, July 10, 2007). The group is present in over 85 countries, with more than 168,000 employees, including 129,500 in Europe. The group holds key positions in three major segments: Corporate and Investment Banking, Asset Management & Services, and Retail Banking. Present throughout Europe in all of its business lines, the bank's two domestic markets in retail banking are France and Italy. BNP Paribas also has a significant presence in the United States and strong positions in Asia and the emerging markets.
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 two core areas:
Corporate and Investment Banking
Corporate and Investment Banking activities are balanced between advisory and capital markets (Corporate Finance, Equities, Fixed Income, Equities and Derivatives), and specialized financing (Structured Finance, Export and Commodities, Project Finance).
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.
BNP Paribas' Corporate and Investment Banking business enjoys a leading position in Asia. The list of awards speaks for itself:
- “Best Credit Derivatives Provider in Asia in 2007” - Global Finance magazine
- “Best Overall Provider of FX Services” as voted by financial institutions for two years in a row - Asiamoney 2006 & 2007 FX Polls
- “The Best Primary Dealer of the Year Award 2006” for BNP Paribas Seoul Branch - The Korean Ministry of Finance and Economy
- “The Best Derivatives Provider in Asia in 2006” - Global Finance magazine
- “The Rising Star Derivatives House in 2006” - The Asset Triple-A Derivatives and Structured Products Awards
- “The Best Mid-Cap Equity House in 2006” - The Asset Triple-A House Award
- “Best Mid-Cap IPO” (Nine Dragons Paper's US$501 million IPO) - The Asset Triple-A Deal Award 2006
Asset Management and Services
This is the asset-gathering arm of the Group which includes Private Banking and BNP Paribas Investment Partners. Serving high net-worth individuals, BNP Paribas Private Bank offers personalized portfolio engineering and diversification advice, tailored to the specific needs of each client & backed by a range of carefully selected high-performance, innovative products. The following awards from Asiamoney's Private Banking Poll in 2007 bear testament to the Bank's industry excellence and achievements in the market:
- #1 Best Global Private Bank in Asia (for clients with USD1-5 million AUM)
- #2 Best Global Private Bank in Asia (for clients with USD5-25 million AUM)
- #3 Best Overall Global Private Bank in Asia (for clients with 25 million+ AUM)
BNP Paribas Wealth Management Taiwan launched the opening of its Kaohsiung-based team in June 2007 as its second flagship unit in Taiwan, in addition to its Taipei office.
In October 2006, BNP Paribas Private Banking was officially launched in China.
The BNP Paribas Investment Partners team, organized by client category, provides client-specific offers and personalized local services. With total assets under management at EUR 360 billion (June 30, 2007), the Bank is now building its presence in mainland China where an asset banking license was obtained in 2003.
Strategic Investment & Local Incorporation In China
In October 2005, BNP Paribas signed an agreement to buy 19.2 per cent of Bank of Nanjing (BON). The partnership with BON includes a range of business activities, building on BON's excellent 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. As at 31 December 2006, BON was one of China's biggest commercial banks located in Jiangsu province, with the number of branches totalling 60 and employing more than 1,500 people. As of July 2007, BNP Paribas owns a 12.6 per cent stake in BON.
In April 2007, BNP Paribas submitted its application to the China Banking Regulatory Commission for converting the branches of BNP Paribas in Beijing, Tianjin and Guangzhou into branches of its existing local subsidiary, BNP Paribas (China) Limited. Subject to regulatory approval, this conversion project will give BNP Paribas the flexibility to conduct the full range of banking business with all classes of customers in China. After the conversion, BNP Paribas (China) Limited will be headquartered in Shanghai. Meanwhile, the existing BNP Paribas Shanghai Branch will be retained as a foreign currency wholesale branch of BNP Paribas S.A.
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
2007 BNP Paribas China Limited Applied for Local Incorporation*
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
* The application is subject to regulatory approval