Investors have also voted BNP Paribas as the top primary dealer in the French government debt markets for the second year in a row. BNP Paribas has achieved these leading rankings despite fierce competition from foreign banks. This shows that the bank is the most preferred primary dealer among investors in French government debt.
The survey, which is distributed in Asia, Europe, the Middle East, the UK, and the US, is a reliable assessment of how investors view their relationships with the primary dealers. It includes questions on the quality of service, information, advice and sales coverage provided by the primary dealers. Investors state their preferred intermediaries for fixed income in general and for the French government debt market specifically. A number of questions relate to the standard of research, pricing, back-office performance and handling of confidentiality. Each year the AFT produces rankings of its primary dealers and this survey forms an important part of the AFT's qualitative assessment of its dealers.
Commenting on the result, Frederic Janbon, Global Head of the Interest Rates Group, said: “We are extremely proud of our ranking in the AFT investor survey, which proves that we are the preferred bank for investors in French government debt. It reveals the real value we bring to the French Government market as the leading primary dealer.”