BNP Paribas Corporate and Institutional Banking today announced that it has won the Risk Magazine’s Equity Derivatives and Currency Derivatives House of the Year Awards for 2016.
This is the second year running that the Currency Derivatives team has won this prestigious award while the bank last won Equity Derivatives House in 2009. These awards are a testimony to the strength of the bank’s Global Markets business, recognising its client focused model and long term approach to investing in its platforms.
In the awards write up, Risk said: “BNP Paribas has beaten an unconventional path to this year’s equity derivatives crown. Long established as a top-tier structured products house with a strong exotics franchise, this year the bank made spectacular ground in its flow business – the fruits of a large, lengthy investment.”
Risk also credited the currency derivatives team for their prudent approach and agility in acting on the unpredictability of central bank action in China and Switzerland in 2015: “At BNP Paribas, those decisions produced a very good year for the bank’s Swiss franc book and have helped it to a second-successive Risk award in our currency derivatives category.”
The Risk awards are judged against a number of factors including risk management, innovation, liquidity provision and customer satisfaction. They recognise the work of individuals, banks, trading platforms, investors and professional services providers in the derivatives and risk markets.
To read the write-ups, please visit : http://www.riskawards.com/static/2016-winners
BNP Paribas is present in 75 countries with more than 185,000 employees, including 145,000 in Europe. It ranks highly in its two core activities: Retail Banking & Services (comprised of Domestic Markets and International Financial Services) and Corporate & Institutional Banking. In Europe, the Group has four domestic markets (Belgium, France, Italy and Luxembourg) and BNP Paribas Personal Finance is the leader in consumer lending. BNP Paribas is rolling out its integrated retail banking model across Mediterranean basin countries, in Turkey, in Eastern Europe and a large network in the western part of the United States. In its Corporate & Institutional Banking and International Financial Services activities, BNP Paribas also enjoys top positions in Europe, a strong presence in the Americas and solid and fast-growing businesses in Asia-Pacific.