BNP Paribas and Calyon announce that they are in exclusive talks to sign an agreement whereby BNP Paribas would acquire Calyon's equity execution business in Asia and Japan, including a corporate entity, Credit Agricole Indosuez Securities Japan (CAISJ), as well as activities based in Hong Kong.
CAISJ and its Hong Kong equivalent have a long experience and deep knowledge of Asian markets, an existing client base acquired over the last 5 years, and a technical expertise for connectivity business in Asia.
Calyon (www.calyon.com) is Crédit Agricole's new Corporate and Investment Banking entity that combines Crédit Agricole Indosuez's activities with those of Crédit Lyonnais' Corporate and Investment Banking division.
Backed by Crédit Agricole S.A.'s strong credit ratings and financial solidity, Calyon is positioned as a major player in financial markets and among Europe's leading corporate and investment banks by revenues. Through its international network, Calyon is specialised in a broad range of capital markets, investment banking and financing activities. Its brokerage activities are carried out through three subsidiaries – Cheuvreux in Europe and CLSA in Asia for equity markets, and Calyon Financial for futures and options markets worldwide.
About BNP Paribas
BNP Paribas (www.bnpparibas.com) is a European leader in banking and financial services, with a significant and growing presence in the United States and leading positions in Asia. The most profitable bank in the Euro zone, it has a presence in 85 countries with close to 100 000 employees. The group enjoys key positions in Corporate and Investment Banking, Private Banking & Asset Management, Insurance, Securities Services and Retail Banking
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