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BNP Paribas announces strategic foreign exchange appointment

Head of North American Corporate Foreign Exchange Sales

BNP Paribas today confirmed its commitment to being a leading player in Foreign Exchange with the hire of Sharon Haspel as BNP Paribas' Head of North American Corporate Foreign Exchange Sales. She will report to Nigel Babbage, BNP Paribas' Head of Foreign Exchange in New York.

Haspel joins BNP Paribas after 12 years as Vice President in foreign exchange at Chase Manhattan Bank in New York where she focused on FX and derivatives marketing. Most recently, Haspel was responsible for marketing all foreign exchange and derivatives products to clients of Chase Manhattan Bank's Chemical Industry Group.

"This appointment represents a significant addition to our Foreign Exchange Desk," stated Babbage. "Haspel's appointment reinforces BNP Paribas' coverage and services to our corporate clients in North America."

Reporting directly to Haspel will be Rose Noritake, Head of East Coast Corporate Foreign Exchange Sales, Alain Pigois, Head of West Coast Corporate Foreign Exchange Sales, and Francois Barriere, Head of Canadian Corporate Foreign Exchange Sales.

BNP Paribas has offices in 83 countries, a staff of over 77,000 employees, and operates in the world's seven largest financial centers. BNP Paribas is divided into six core businesses: corporate and investment banking; domestic retail banking; international retail banking; specialized financial services; private banking, asset management, securities services, insurance and real estate; and BNP Paribas Capital.

With assets of almost 700 billion Euro as of December 31, 1999, BNP Paribas is one of the world's largest financial institutions.