BNP Paribas celebrates 125th anniversary in Australia and commits to growth for the future
30.05.2006 | Group, Careers
This year is BNP Paribas 125th anniversary in Australia. Today the European banking powerhouse announced it is commemorating its 125th year with donations to three leading Australian cultural and scientific institutions.
BNP Paribas is the largest bank by profitability in the Eurozone and the second largest by market capitalisation. It was Australia's first foreign bank when it arrived here in 1881, and this year, to mark its 125 years of activity in Australia, the bank will be making significant donations to The Garvan Institute, the Art Gallery of New South Wales, and the Australian Chamber Orchestra.
BNP Paribas Australia and New Zealand CEO Mr Francois Cristofari said: "BNP Paribas is celebrating the 125th anniversary and through our sponsorships with the Garvan Institute, the Art Gallery of NSW and the Australian Chamber Orchestra we would like to say thank you to the Australian community for their support. Our long history in Australia demonstrates commitment, loyalty, strong client relationships, and our ability to successfully bring innovative global financial solutions to our Australian clients. We began in 1881 by financing the wool trade and today we provide finance solutions for Australia's top ASX 150, private companies, private equity funds and foreign multinationals". "Our standing in the Australian market is also reflected by the fact that in 2005 we were awarded Prime Bank status by the Australian Financial Markets Association, making BNP Paribas one of only two foreign banks alongside the four Australian majors to have this status," he said.
To reinforce the French Group's engagement with the broader Australian community, during the year BNP Paribas is contributing the following sponsorships:
- The Art Gallery of NSW to restore a work by 17th Century Flemish artist Franz Snyders;
- A three year sponsorship with the Garvan Institute for research into cancer genetics being undertaken by fellow Dr Vanessa Hayes; and
- The Australian Chamber Orchestra to commission a new composition by renowned Australian composer Christopher Gordon.
Later this year BNP Paribas Global CEO M. Baudouin Prot will also host a black tie gala dinner to celebrate the 125th anniversary where guests will include clients of the bank and other leading business and political figures.
“While BNP Paribas is celebrating its history, we are also committed to the future, and are implementing a growth strategy aimed at significantly growing the Australian business,” Mr. Cristofari said.
The bank will continue to grow the investment and corporate banking business organically, while BNP Paribas asset management and securities services will grow through service enhancement and potential acquisition.