BNP Paribas Securities (Japan) Limited, Tokyo Branch, today announced that it will be sponsoring the "BNP Paribas Fundamentals of Financial Mathematics" at the University of Tokyo, Graduate School of Mathematical Sciences. This three year commitment is the first sponsored course by a non-Japanese securities firm at the University's Graduate School of Mathematical Sciences.
The course, beginning in April 2009, will include the statistical analysis of financial models, research on high-speed numerical analysis of derivative pricing when applying financial models, and research on the mathematical reasoning behind various risk hedging methods currently used. BNP Paribas' employees will contribute to lecturing the weekly course.
The BNP Paribas Group takes pride in its world class capabilities in the field of mathematics and this sponsorship by the Tokyo Branch follows this tradition. In 2008, BNP Paribas participated in the management of 260 million yen raised for the "Institut des Hautes Études Scientifiques" (IHÉS) Japan Fund to invite Japanese mathematicians to France.
BNP Paribas' Chief Country Representative for Japan, Yusuke Yasuda, said "We are delighted to sponsor this course in partnership with the University of Tokyo, Graduate School of Mathematical Sciences. BNP Paribas is strongly committed to Japan and it is an honour to contribute to the education of the next generation of mathematicians through this course."
About BNP Paribas
BNP Paribas (www.bnpparibas.com) is a European leader in global banking and financial services and is one of the 6 strongest banks in the world according to Standard & Poor's. The Group is present in 85 countries, with more than 173,000 employees, including 132,700 in Europe. The Group holds key positions in three major segments: Corporate and Investment Banking, Asset Management & Services and Retail Banking. Present throughout Europe in all of its business lines, the bank has two domestic markets in retail banking – France and Italy. BNP Paribas also has a significant presence in the United States and strong positions in Asia and the emerging markets.