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BNP Paribas CIB and ESCP Europe join forces to found an academic chair of ‘Financial Transformation and Innovation'

BNP Paribas Corporate & Investment Banking (CIB) and ESCP Europe Business School, in conjunction with its think tank the i7 Institute for Innovation and Competitiveness and the ESCP Europe Foundation, announce the creation of a new international teaching and research Chair of Financial Transformation and Innovation.

The joint aim of BNP Paribas CIB and ESCP Europe is to establish a cutting-edge academic centre for research into the field of financial transformation and innovation. With the teaching staff working under the new Chair and students on the five ESCP Europe campuses in Paris, London, Berlin, Madrid and Turin, the Chair will also be a focal point for meetings and discussion on subjects of vital interest to BNP Paribas.

Innovation constitutes a central component of the BNP Paribas CIB business model and a key aspect of CIB's adaptation to the changing financial environment, as it strives to continue to provide the best possible service to clients. “BNP Paribas CIB regards research and teaching in the field of innovation and transformation of the banking sector as an area of major importance and, in founding this new Chair, it is our intention to help drive progress in this field. This project is of particular value for us. On the one hand it is very much a part of our overall drive for innovation, and on the other, by fostering interaction between the business and academic worlds, it demonstrates the determination of BNP Paribas to be a responsible bank,” underlined Laurent Chouraki, Deputy Head of BNP Paribas CIB.

Explained Edouard Husson, General Manager of ESCP Europe: “The far-reaching and rapid changes taking place in the financial world require us to innovate more - and also more quickly - in order to transform the banking sector and engender a responsible approach to finance. Our business school is determined to play an active role in the debate being conducted in this field, which is one of vital public interest. Our partnership with BNP Paribas CIB will enable us to do so and to extend our international influence on this subject, which has global repercussions.”

The main objectives of the Chair of Financial Transformation and Innovation are:

- To organise research, teaching and debate on the banking and finance sector on an international scale

- To analyse the issues, challenges and practices of the banking sector and facilitate access to this information and analysis for practitioners and decision-makers through publications, events, etc

- To open up opportunities for joint research and teaching in the public interest

About BNP Paribas Corporate and Investment Banking
BNP Paribas Corporate and Investment Banking (CIB) is a leading provider of solutions to a wide range of clients including corporates, sovereigns, financial institutions and investors worldwide. Approximately 19,000 professionals in 45 countries provide clients with personalized services for managing their risks and assets, financing and expanding their business and servicing their operational needs.

BNP Paribas CIB excels in:
Corporate Banking - where it has leading franchises in Transaction Banking (trade finance, cash management) and in Specialized Financing (energy & commodities, transportation, export, project, leveraged, media telecom, corporate acquisition finance and real estate)
Derivatives - where it is one of the leading global players in interest rates, credit, foreign exchange, commodity and equity derivatives.
Advisory and Capital Markets - where it is a top European house in ECM and a global leader in DCM (bond, convertibles and equity issuance)

BNP Paribas has been named “Bank of the Year 2012” by the International Financing Review.

About ESCP Europe, the World's First Business School
Founded in 1819, ESCP Europe is the oldest business school in the world and it has trained several generations of business leaders and avant-garde thinkers. With its five campuses in Paris, London, Berlin, Madrid and Turin and its strongly European identity, ESCP Europe has a unique, multi-cultural approach to management training and a global outlook on international management issues. Enjoying triple accreditation (EQUIS, AMBA and AACSB), ESCP Europe welcomes through its doors every year 4,000 students and 5,000 management staff from 90 different countries. The Alumni Association currently numbers 40,000 members, drawn from 200 nationalities and resident in some 150 countries. ESCP Europe is a member of the Hautes Études-Sorbonne-Arts et Métiers (héSam) grouping of French institutes of higher learning.

About the i7 Institute for Innovation and Competitiveness
Established in 2011, the i7 Institute for Innovation and Competitiveness is a European academic think tank founded and underpinned by ESCP Europe. It brings together representatives of companies, academics, students and governmental institutions, with the aim of fostering a broad vision of innovation (both technological and non-technological) and competitiveness (based on price and other considerations) and serving as a centre for enquiry and debate and a source of authoritative proposals on these issues.