New York, Paris - BNP Paribas was named ‘Structurer of the Year, North America' today by Structured Products magazine. The Bank has been awarded this accolade on the strength of its equity derivatives franchise in North America and its leading innovation in structured products. The Bank's expertise in developing ground-breaking financial engineering solutions makes it the preferred dealer for a diverse range of clients from hedge funds to wholesale distributors.
Structured Products magazine reported that “BNP Paribas has always been a force to be reckoned with for structured products in Europe, and more recently in Asia but now the French powerhouse has successfully exported its expertise to the Americas.” They also noted that “BNP Paribas' commitment to innovation in North America is hard to match.”
Commenting on the award, Todd Steinberg, head of equities and derivatives in the Americas said, “We are delighted that our successful operation has been recognized, each area of our platform – flow derivatives, fund derivatives, equity finance, structured products and strategic equity has reached critical milestones that have driven the growth of the business. I want to thank and congratulate my team in the Americas.”About BNP Paribas
BNP Paribas (www.bnpparibas.com
) is a European leader in banking and financial services, and ranks among the world's top 15 banks by market capitalization. It has more than 140 000 employees, 15,000 of whom are based in the United States. The group occupies leading positions in three significant fields of activity: Corporate and Investment Banking, Asset Management & Services and Retail Banking. It is present in 85 countries and has a strong presence in all the key financial centres. Present throughout Europe, in all its business lines, France and Italy are its two domestic markets in retail banking. BNP Paribas enjoys a significant and growing presence in the United States and leading positions in Asia and in emerging markets.
Press contacts :
Edwina Frawley, Media Relations, New York +212-841-3719
Kerrie McHugh, Media Relations, New York +212-841-3809
Michele Sicard, Head of Corporate Communications +212 841 3070