London, UK- 15 December 2017 – BNP Paribas today announced it has been named IFR’s Derivatives House of the Year 2017. IFR is a leading capital markets publication, providing insight and market intelligence. BNP Paribas also won :
- Equity Derivatives House of the Year, for the second year running
- Euro Bond House of the Year
- European Corporate Investment Grade House of the Year
- Asia-Pacific Mid-Market Equity House of the Year
In the write up for the Derivatives House of the Year, IFR said :
“As volatility evaporated, derivatives businesses had to focus on core strengths to make headway in 2017. For an integrated approach that spread equity know-how across asset classes and enabled effective risk transfer across the broad client franchise, BNP Paribas is IFR’s Derivatives House and Equity Derivatives House of the Year. Even as the US Federal Reserve pulled the trigger on rates, markets remained unshaken and banks had to battle for their share of a shrinking wallet as volatility plumbed new lows. Three years after combining equities and fixed income under a global markets umbrella, BNP Paribas outpaced much of the competition – dramatically so in equities – gaining market share in all client segments as equity derivatives innovation was unleashed across rates and credit businesses.”
Olivier Osty, executive head of global markets at BNP Paribas said:
“We are delighted to have been recognized by IFR for this prestigious award. Thanks to the mindset, focus and commitment of our teams, we have been able to grow the franchise over the last 3 years, from a product house to a full-service client house. Our aim is to be seen as a market leader around the world in derivatives. We look forward to continuing to be a strong European partner and European bank of choice for our global clients.”
The bank was also recognised for its digital aspirations in preparation for MiFID II. The Smart Derivatives platform was credited for automatic structured products pricing going multi-asset, adding credit-linked notes and rates products.
Nicolas Marque, global head of equity derivatives at BNP Paribas said: “There’s a technological revolution going on and choices being made today will be a huge differentiating factor tomorrow.”
On the Bond House and Europe Investment-Grade Corporate Bond House of the Year awards, IFR said: “Building on an already impressive track record, BNP Paribas maintained its standing in the single currency and once again helped navigate corporate clients through their fundraising initiatives.”
Martin Egan, co global head of primary and credit markets said: “It’s all about cumulative advantage. Connectivity is the key, with the intelligence shared among the teams.”
Additionally BNP Paribas was a book runner on nine of the deal award wins highlighting the breadth and depth of its platform across all asset classes.
- PEMEX €4.25bn
- Enel’s US$5bn
- France’s €7bn 22-year Green bond
- Nationwide Building Society’s £795m CCDS
- Argentina’s SFr400m three-and-a-half-year bond
- Bank of Ireland’s dual-tranche Tier 2
- Industrial and Commercial Bank of China’s (ICBC) US$2.15bn dual-currency Green bond
- Export-Import Bank of Korea’s US$2bn three-tranche
- China National Chemical Corp’s (ChemChina) US$12.7bn bridge loan
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About BNP Paribas
BNP Paribas (www.bnpparibas.com) is a leading bank in Europe with an international reach. It has a presence in 74 countries, with more than 192,000 employees, including more than 146,000 in Europe. The Group has key positions in its three main activities: Domestic Markets and International Financial Services (whose retail-banking networks and financial services are covered by Retail Banking & Services) and Corporate & Institutional Banking, which serves two client franchises: corporate clients and institutional investors. The Group helps all its clients (individuals, community associations, entrepreneurs, SMEs, corporates and institutional clients) to realise their projects through solutions spanning financing, investment, savings and protection insurance. In Europe, the Group has four domestic markets (Belgium, France, Italy and Luxembourg) and BNP Paribas Personal Finance is the European leader in consumer lending. BNP Paribas is rolling out its integrated retail-banking model in Mediterranean 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 as well as a solid and fast-growing business in Asia-Pacific.
About BNP Paribas Corporate and Institutional Banking
Fully integrated in the BNP Paribas Group, BNP Paribas Corporate and Institutional Banking (CIB) (www.cib.bnpparibas.com) is a leading provider of solutions to two client franchises: corporates and institutionals, and operates across EMEA (Europe Middle East Africa), APAC (Asia Pacific) and the Americas. The bank is a global leader in Debt Capital Markets and Derivatives. It is a top European house in Equity Capital Markets and it has leading franchises in Specialized Financing. In Securities Services, it is a top five House worldwide. BNP Paribas CIB strives to service the global economy by providing solutions to its clients in financing (ECM, DCM, specialized financing), flow banking (trade finance and cash management), financial advisory (M&A, project finance), global markets (interest rates, credit, foreign exchange, equity derivatives), risk management, and securities services.