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Air filters cut PM2.5 by up to 85%, NO₂ levels by up to 70%, in support of BreatheLife, the global campaign for clean air

London, 12 November 2019 – BNP Paribas today unveiled the next phase of its pioneering ‘clean air zones’ campaign at London Marylebone Station, working in partnership with JCDecaux UK, Airlabs and Chiltern Railways for a second year.

The positive impact advertising solution, which incorporates air-cleaning technology within advertising structures, is supporting the global ‘BreatheLife’ campaign for clean air. BreatheLife’s growing network includes more than 70 cities, regions and countries, reaching over 288 million people. The campaign’s goal is to mobilise communities to reduce the impact of air pollution on health and climate.

The BreatheLife campaign principles align closely with BNP Paribas’ own sustainability objectives, which have a clear community focus. London Marylebone Station was chosen for the filter installation due to its direct proximity to BNP Paribas’ UK headquarters, underpinning with practical action the bank’s commitment to making a positive impact within the local community.

The air cleaning technology from Airlabs was first unveiled in October 2018. The filters reduce up to 85% of PM2.5, 86% PM10 and up to 70% gases like NO₂ and ozone from the area immediately surrounding the filters, which are housed within specially adapted advertising units from JCDecaux UK. In a twelve-month period, the air filters have produced 41.4 million cubic metres of clean air, enough to fill Wembley Stadium 36 times.

Anne Marie Verstraeten, UK Country Head, BNP Paribas Group, said: “BNP Paribas is committed to London and to helping provide immediate, positive impact for our local communities. The Clean Air Zone partnership enables us to continue to deliver cleaner air to more than 14 million station users every year, which include our employees, clients, commuters and the local community. As well as helping to reduce the impact of air pollution, we want to raise awareness of this silent killer, and that’s why we are supporting the BreatheLife campaign, which is so aligned to our own corporate values.”

Helena Molin Valdés, Head of the United Nations Environment Programme hosted Climate and Clean Air Coalition Secretariat said: “These types of initiatives are important to raise awareness that more needs to be done to improve air quality in order to protect human and health and our climate. Cleaning the air is one solution and should remind everyone – from individuals to businesses and local and national governments—that they have a role to play in stopping air pollution at its source.”

Helena Kavanagh, Chief Partnerships Officer at JCDecaux UK said: “We are very proud of the partnership with BNP Paribas, Chiltern Railways and Airlabs which led to this ground-breaking advertising solution, and it is excellent news that it will continue for another year. The air filters, incorporated within Out-of-Home advertising structures, are another example of how Out-of-Home media can provide a service to the community as well as a clear communication channel raising awareness of important issues – in this case, the BreatheLife campaign – in front of the millions of rail users who pass through London Marylebone Station every year.”

Marc Ottolini, CEO at Airlabs said: “We are delighted that our air filtration technology is being used in this impactful way. Millions of people are using public transport in London every day. Our mission is to provide all of these people with clean air during their journey. The Clean Air Zones at Marylebone Station show that this can be turned into reality. Our partnership with BNP Paribas, Chiltern Railways and JC Decaux is a great example of the difference like-minded businesses can make to the lives of millions of people affected by air pollution every day.”

Press Contacts:

BNP Paribas

Alexandra Umpleby (UK) +44 20 7595 2436 Alexandra.Umpleby@uk.bnpparibas.com

Sarisher Mann (UK) +44 20 7595 8150 Sarisher.Mann@uk.bnpparibas.com

Notes to Editors:

About BNP Paribas: BNP Paribas is a leading bank in Europe with an international reach. It has a presence in 72 countries, with more than 202,000 employees, including around 149,000 in Europe. The Group has key positions in its two main activities: Retail Banking & Services and Corporate & Institutional Banking, which serves two client franchises: corporate clients and institutional investors.

BNP Paribas has a well-established and growing UK platform. The bank has served the UK economy for more than 150 years and today employs more than 9,000 people, based in 21 core locations throughout the country, across 10 business lines. These include Corporate & Institutional Banking, Exane BNP Paribas, Leasing Solutions, Arval, Real Estate, Asset Management, Cardif Pinnacle, Commercial Finance, Personal Finance and Vauxhall Finance.

https://group.bnpparibas/en/

https://www.bnpparibas.co.uk/en/

BNP Paribas UK on Twitter – @BNPParibasUK

About BreatheLife: https://breathelife2030.org/

BNP Paribas today launches its latest single dealer platform (SDP), Cortex LIVE, with an inbuilt digital trading assistant, ALiX.
Cortex LIVE responds to growing client demand for more intelligent execution methods, more transparency and enhanced controls. The platform features a real-time market intelligence portal, Insight LIVE, and the FX industry’s first real time digital trading assistant, ALiX.
ALiX works with Cortex LIVE to provide an interactive trading experience – delivering clients with a running commentary on execution and trading, important events like data announcements, market moves or changes in liquidity. ALiX and Insight LIVE represent the latest advances in artificial intelligence, as well as natural language processing and are capable of reacting to over 100,000 data points per second.
Cortex LIVE, Insight LIVE and ALiX are a direct product of BNP Paribas’ ongoing commitment to digital growth.
Asif Razaq, global head of FX algorithmic execution at BNP Paribas, said: “We are proud to launch Cortex LIVE and ALiX. Our continued innovation takes clients into the next digital era as ALiX delivers a live commentary on execution, key markets events and provides a pioneering user experience. The client has complete control, while ALiX enhances execution capabilities and offers full transparency throughout execution.”
Joe Nash, digital FX COO at BNP Paribas, said: “In a complex market we bring our clients solutions grounded in simplicity. We are excited to offer a bespoke personal trading experience, which navigates through an evolving market, adapting to our clients more sophisticated needs. Cortex LIVE is the ultimate in interactivity, the simplicity of ALiX unlocks the power of the large data set beneath.”
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Press Contacts
Sarah Shephard sarah.shephard@uk.bnpparibas.com +44 (0) 20 7595 6038
BNP Paribas CIB on Twitter – @BNPParibasCIB
About BNP Paribas
BNP Paribas is a leading bank in Europe with an international reach. It has a presence in 73 countries, with more than 196,000 employees, including around 149,000 in Europe. The Group has key positions
PRESS RELEASE
in its three main activities: Domestic Markets, 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.
BNP Paribas employs more than 9,000 people across 10 business lines in the UK. These include Corporate & Institutional Banking, Exane BNP Paribas, Leasing Solutions, Arval, Real Estate (including Strutt & Parker acquired in September 2017), Asset Management, Cardif Pinnacle, Commercial Finance, Personal Finance and Vauxhall Finance. Around half of its employees are in Corporate & Institutional Banking, based in London, while the others are based in various offices across the country, including Belfast, Birmingham, Cardiff, Glasgow, Manchester.

BNP Paribas announces the release of the second edition of ‘the Handbook of Corporate Financial Risk Management’, co-authored by Fabrice Famery and Stanley Myint.

The handbook is written with all risk management professionals and practitioners in mind, as well as lecturers and students in risk management. The refreshed edition is targeted at non-financial corporations. It contains 43 real-life case studies, based on 700+ client projects over 14 years.

BNP Paribas is sponsoring the book and maintains the copyright. The handbook is published by Risk Books. For more information, click here.

Fabrice Famery, head of Global Markets corporate sales at BNP Paribas said; “Over the seven years since the first edition, we have seen corporate clients facing new challenges such as the impact of sustainable finance and the shifting foreign exchange landscape. The handbook aims to help risk managers adapt their strategy and capital structure to succeed in this increasingly complex market landscape.”

Stanley Myint, head of risk management advisory at BNP Paribas said; “Our ambition with this handbook is to shed light on issues treasurers face every day while managing their financial risk. By illustrating the methodology with real-life case studies, we hope we will be able to help corporates put our recommendations into action in their business models.”

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Press Contacts

Sarah Shephard sarah.shephard@uk.bnpparibas.com +44 (0) 20 7595 6038

BNP Paribas CIB on Twitter – @BNPParibasCIB

About BNP Paribas

BNP Paribas is a leading bank in Europe with an international reach. It has a presence in 73 countries, with more than 196,000 employees, including around 149,000 in Europe. The Group has key positions in its three main activities: Domestic Markets, 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.

BNP Paribas employs more than 9,000 people across 10 business lines in the UK. These include Corporate & Institutional Banking, Exane BNP Paribas, Leasing Solutions, Arval, Real Estate (including Strutt & Parker acquired in September 2017), Asset Management, Cardif Pinnacle, Commercial Finance, Personal Finance and Vauxhall Finance. Around half of its employees are in Corporate & Institutional Banking, based in London, while the others are based in various offices across the country, including Belfast, Birmingham, Cardiff, Glasgow, Manchester.

BNP Paribas today announces its strategic partnership with Kantox, a leading fintech specialising in FX risk management solutions.

The agreement enables BNP Paribas and Kantox to jointly offer Kantox’s Dynamic Hedging solution to BNP Paribas’ clients across EMEA. Dynamic Hedging is an innovative software solution developed by Kantox, which allows corporate treasurers to fully automate and streamline FX workflows. The solution will complement the product suite available on Centric, BNP Paribas’ leading digital banking platform.

This partnership strengthens BNP Paribas’ commitment to digital growth and transformation, demonstrating an agile approach which combines the strength of a leading global bank with the latest advances in fintech.

Philippe Gelis, CEO and co-founder at Kantox, said: “We are pleased to jointly offer our award-winning Dynamic Hedging solution to BNP Paribas’ corporate clients. Our solution allows treasurers to automate FX management and leverage micro-hedging to save time and streamline workflows. We believe that our offering, combined with the financial strength of BNP Paribas as a banking partner, is an attractive value proposition for their existing corporate client base.”

Xavier Gallant, Co-Head of Corporate Rates, FX and Local Markets Sales EMEA at BNP Paribas, said: “When it comes to managing foreign currency risk, we are seeing a real need for our corporate clients to improve efficiencies in forecasting their future cash flows, formalising hedging practices and optimising execution through automation. BNP Paribas’ partnership with Kantox will offer corporate treasurers in EMEA the opportunity to access a fully automated hedging solution and ultimately improve their treasury processes. We look forward to a successful partnership.”

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Press Contacts

Sarah Shephard sarah.shephard@uk.bnpparibas.com +44 (0) 20 7595 6038

BNP Paribas CIB on Twitter – @BNPParibasCIB

About BNP Paribas

About Kantox

Kantox is a leading fintech company building software solutions that help businesses to overcome complex FX challenges and leverage foreign currencies for growth. Kantox’s expertise and solutions allow businesses to capture FX exposure data and automate their hedging, payment and collection processes. Over 3,900 clients in 70 countries trust Kantox with their payment and currency management needs.

The company is headquartered in London and authorised by the Financial Conduct Authority (reference number 580343). For more information, visit www.kantox.com, @Kantox or LinkedIn

£75m sustainability-linked loan incentivises affordable childcare programme

London 14 August 2019 – UK Housing Association Peabody Trust has secured a new 5 year £75 million revolving credit facility provided by BNP Paribas.

The facility is structured as a sustainability-linked loan (SLL) where the interest rate is tied to Peabody meeting social impact-based key performance indicators.

Under the terms of the agreement, Peabody will benefit from a lower interest rate margin on the loan if it delivers an agreed number of accredited childcare qualifications under their Childcare Training Programme. This target rises incrementally over the 5 year life of the loan.

Peabody will draw on the loan for general corporate purposes in their mission to provide affordable housing and will reinvest interest rate savings into the Peabody Community Foundation (PCF), which benefits thousands of Londoners every year and meets several UN Sustainable Development Goals (SDGs), including no poverty (SDG1), decent work and economic growth (SDG8), reduced inequality (SDG10), Sustainable cities and communities (SDG11), and partnerships (SDG17).

The loan is part of BNP Paribas’ programme of responsible investment in the UK social housing sector, generating sustainable returns and adding social value in its area of operations. Like Peabody, BNP Paribas has operated in the UK since the 1860s and both are committed to aligning their businesses to the UN SDGs.

Susan Hickey, Chief Financial Officer at Peabody said:

“We know that the lack of flexible, affordable childcare in London is a major problem. It leads to lower rates of employment, disproportionately affecting mothers, and contributes to unacceptable levels of inequality and child poverty. Many working people find themselves burdened by debt from expensive childcare costs. Alongside BNP Paribas, we are determined help tackle this issue in our communities. This loan facility will contribute to our wide-ranging activities including delivering the low-cost homes that are desperately needed. But the savings we’ll make on interest payments by facilitating affordable childcare will be directly invested into the Peabody Community Foundation. Innovative funding arrangements like this are a win-win for people living in our neighbourhoods. We’re pleased to be working with the investor community to maximise our impact in helping people prosper.”

David J Reynolds, Global Banking BNP Paribas said:

“As an independent not for profit sector, Housing Associations have a long standing philanthropic social housing legacy dating back to the 19th century. In recent years, the role of private finance in the sector has grown significantly and in the last 12 months has evolved to include, for the first time ever, structures linked to social purpose. BNP Paribas has had the privilege of working with three UK Housing Associations to provide liquidity through individually tailored SLL’s. Peabody is the first to use a Childcare metric while L&Q and Optivo were both linked to employment. For us, this is about partnering with Housing Associations for the long term and supporting their continued drive to improve residents’ and communities’ quality of life, health and wellbeing”

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Press Contacts:

BNP Paribas

Alexandra Umpleby +44 20 7595 2436 Alexandra.Umpleby@uk.bnpparibas.com

Sarisher Mann +44 20 7595 8150 Sarisher.Mann@uk.bnpparibas.com

Notes to Editors:

About BNP Paribas

Please be aware that a potential fraud issue has been brought to our attention. A clone entity, calling itself ‘Austin Finance’, has been issuing marketing materials and cold calling members of the public offering investment opportunities.

Please note that whilst there is an ‘Austin Finance’ entity that relates to the BNP Paribas Group, this entity:

does not conduct business with clients
does not offer investment opportunities
has no connection to these fraudulent marketing materials or investments.

Please do not interact in any way with any party that claims to represent ‘Austin Finance’.

BNP Paribas has alerted the relevant authorities and law enforcement agencies of this matter. For more information, please refer to this notice issued by the FCA on clone firms.

Please email uk.brand.and.communications@bnpparibas.com at BNP Paribas if you have any concerns relating to this matter.

As part of its support for the solo exhibition of internationally-acclaimed British sculptor Antony Gormley opening this September at the Royal Academy of Arts, BNP Paribas announced today that it will offer 3,000 people, aged 17 to 25, free entry to the exhibition.

Entitled AccessArt25, the BNP Paribas initiative aims to offer young people what may be their first visit to the Royal Academy of Arts. The programme consists of three specially-curated evening events that will run from 6.30 to 10pm on 23 September, 21 October and 18 November 2019.

BNP Paribas AccessArt25

The AccessArt25 programme is the first of its kind in terms of a corporate supporter providing free access to exhibitions specifically for young people. The initiative was launched in 2018 as part of BNP Paribas’ three-year support for the Turner Prize, where it proved to be highly successful.

Antony Gormley, Royal Academician, said: “I am delighted that BNP Paribas is partnering with the Royal Academy for my exhibition so that young people can visit for free as part of the AccessArt25 programme. I’m grateful that this initiative will particularly target those who may not have ready access to art exhibitions. We are all of us artists, and I hope seeing my work will inspire young peoples’ own reflections on themselves and the world around them.”

Anne Marie Verstraeten, UK Country Head, BNP Paribas, said: “As we approach our 20^th year of support for the Royal Academy of Arts, we believe it is more important than ever that great contemporary art should be accessible for all. That is why we launched the BNP Paribas AccessArt25 programme. We look forward to welcoming thousands of young people through the doors of this incredible institution, free of charge, to experience an exhibition by one of Britain’s foremost contemporary artists.”

Young people aged 17 – 25 can register their interest at roy.ac/gormley-tickets.

Entries now open at: https://RGeSeries.BNPParibas

Ten countries are competing to take part in the international grand final played live at Roland Garros: get ready for game(pad), set and match!

Roland Garros, BNP Paribas and BIGBEN are delighted to announce the second edition of the Roland-Garros eSeries by BNP Paribas, an e-sport competition played on the Tennis World Tour video game, which will crown this year’s world tennis gaming champion.

The qualifying rounds will be launched in ten different countries in February to decide which national champions will take part in the international final, which will be played during the Roland Garros tournament. Pretenders to the title can enter now on the official website: https://RGeSeries.BNPParibas

“Following on from the enthusiasm shown for the first Roland-Garros eSeries by BNP Paribas, we wanted to go one step further this year with the second edition of this international e-tennis tournament, to offer fans and gamers the best possible experience. I’m convinced that this new worldwide competition and its new features will incite great enthusiasm in participants from the competition’s ten host countries. We are proud to share this ambition with our partners BNP Paribas and BIGBEN, and are eager to get this new season started!” explained Stéphane Morel, Deputy CEO of the French Tennis Federation’s Marketing and Business Development department.

Watch the teaser of the 2019 Roland-Garros eSeries by BNP Paribas!

Qualifying rounds held worldwide for a spectacular international final

This year, the tournament is even bigger! Germany and the United States are joining the eight countries from the 2018 line-up: France, China, India, Brazil, Great Britain, Belgium, Italy and Spain. For this second edition, the Roland Garros eSeries by BNP Paribas is forging new bonds with the tennis world by organising certain national finals off-court at some of the ATP tour’s tournaments, such as the Internazionali BNL D’Italia di Roma and the Open Parc Auvergne-Rhône-Alpes de Lyon. BNP Paribas will also host national finals in its premises in Shanghai, Bombay, Frankfurt and London.

The national qualifying rounds will be launched on the Tennis World Tour’s online mode on PlayStation 4, to open the competition up to as many people as possible. The eight best players in each country’s first qualifying phase will then come together in person to play a final qualifying round in their respective country. The winners of these national finals will be invited to represent their country in the grand final, which will decide the winner of the 2019 Roland-Garros eSeries by BNP Paribas.
Two special tournaments will be organised. One is reserved for registered members of the French Tennis Federation, and the other is an online tournament for members of the We Are Tennis by BNP Paribas platform. Held during the first week of Roland Garros, this tournament will decide who takes the last place in the final.

For the second year in a row, this international grand final will be held during the Parisian Grand Slam, with spectacular staging that is designed to immerse the participants in an atmosphere that echoes that of the most prestigious professional tournaments. The participants will share an exceptional cash prize of €10,000, half of which will be awarded to the winner!

Preview of the new Roland-Garros on Tennis World Tour

In this second edition of the tournament, the participants will play each other on a pre-release version of the latest Tennis World Tour – Roland-Garros Edition video game, which is due to be released on 16thMay on PlayStation®4, Xbox One, Nintendo Switch™ and PC. It is a unique opportunity to discover the game’s new features, in particular the newly-renovated Philippe Chatrier court, centre court at Roland Garros.

“We are delighted to extend our partnership with the FFT and to support the RG eSeries by BNP Paribas for the second year running. For several months, the studio has been working on improving the gaming experience and enabling this tournament’s participants to play each other on the famous Philippe-Chatrier court that will feature in the Roland-Garros Edition of Tennis World Tour, which is due to be released in May. Eagerly-awaited by the community, this online competition is an integral part of the game, so we are delighted to be part of this fantastic tournament,” announced Thomas Carpentier, product manager at BIGBEN.

BNP Paribas, the bank for “all branches of tennis”

This year once again, BNP Paribas are confirming their commitment to supporting “all branches of tennis” by continuing to develop innovations and new practices connected with video gaming.

“The organisation of this second edition of the Roland-Garros eSeries by BNP Paribas, in collaboration with the FFT, was a logical step for us. As a long-term sponsor of tennis, the bank has always supported the innovations developed in this sport, especially ones that concern the younger generations,” explained Vincent-Baptiste Closon, international sponsorships manager at BNP Paribas.

Watch again the 2018 video here!

Follow all Roland-Garros eSeries by BNP Paribas updates live on Facebook, Twitter, YouTube and Instagram.

For more information or to enter the qualifying rounds, please visit: https://RGeSeries.bnpparibas

Find all the Roland-Garros eSeries by BNP Paribas assets on our FTP:
ftp://press:comegetsome@ftppress.warningup.com/.RolandGarroseSeriesBNPPAribas

About the Roland-Garros eSeries by BNP Paribas

Created in 2018, the Roland-Garros eSeries by BNP Paribas is the world’s first ever tennis gaming tournament. With qualifying rounds held in ten different countries, this tournament gives e-tennis fans from all over the globe the chance to play each other on the “Tennis World Tour” game, published by BIGBEN. Roland Garros is breaking ground as the first Grand Slam tournament to organise this type of competition.

About Roland-Garros

In the eyes of sports fans, and indeed the general public, the Roland Garros tournament is an unmissable event that enjoys immense prestige. The 2018 French Open attracted more than 480,000 spectators and was broadcast in 223 countries worldwide, confirming the tournament’s status as a first-class international sporting event. Organised by the French Tennis Federation, Roland Garros is the only Grand Slam tournament to be played on clay, one of the oldest and most noble surfaces in the history of tennis.

About BNP Paribas and tennis

BNP Paribas is today the number one partner to tennis worldwide, with a commitment, unrivalled in sport, which goes back all the way to 1973. The Group’s support covers all levels and dimensions of the game all over the world, including singles, doubles, team tennis, wheelchair tennis and family tennis, ranging from beginners’ training to the top professional tournaments.

Professional Tennis: Official sponsor of the French Open at Roland Garros; title sponsor of the Davis Cup by BNP Paribas and the Fed Cup by BNP Paribas; title sponsor of three ATP Masters 1000 tournaments – the BNP Paribas Open at Indian Wells, the Monte Carlo Rolex Masters, the Internazionali BNL d’Italia (Italian Open) in Rome; partner to the Open 13 (Marseille), the Parc de Lyon Open, the BGL BNP Paribas Luxembourg Open and the Fever-Tree Championships (Queen’s Club, London), European Open (Anvers);
Wheelchair Tennis: BNP Paribas Open de France; BNP Paribas World Team Cup;
Junior & University Tennis and Academies: The Junior Davis Cup by BNP Paribas and Junior Fed Cup by BNP Paribas; the Master’U BNP Paribas;
Amateur Tennis: Sponsor of the BNP Paribas Family Trophy; also providing support to over 1,000 amateur tournaments around the world through partnerships with more than 20 national tennis federations; also working with dozens of tennis-based charities such as Yannick Noah’s charity organisation ‘Fête le mur’; as well as being the mainspring of a number of ground-breaking social projects linked to tennis;
The ‘BNP Paribas Young Talent Team’ mentored by Jo-Wilfried Tsonga, sponsored in association with the French Tennis Federation.

Having entered into all these partnerships, BNP Paribas set up in 2011 a programme called We Are Tennis, whose purpose is to promote interest in the game of tennis all over the world. The wearetennis.com website and its social network accounts bring together a community of tennis lovers and dedicated fans from all continents who are keen to obtain the latest news from the ATP, WTA and ITF circuits. Furthermore, in 2015 BNP Paribas created the We Are Tennis Fan Academy, which enables fans to express their passion for tennis as never before. BNP Paribas also supports local tennis through crowdfunding campaigns designed to finance projects.

In addition, the Group initiated in 2015 a charity programme called ‘Aces of the Heart’ to assist young hospital in-patients and their families. The programme seeks to improve the daily lives and reception facilities at children’s hospitals and arranges for the children to attend tennis tournaments sponsored by BNP Paribas.

About BIGBEN

BIGBEN is a key player in video game publication and the design and distribution of smartphone and gaming accessories, as well as audio products. Renowned for its innovations and creativity, the group’s ambition is to become a leader in all of its fields of expertise. www.bigben.fr

Press Contacts

Clémence Garcia
Warning Up Agency
Tel: +33(0)1.53.85.88.07
c.garcia@warningup.com

Nicolas Beaudelin
French Tennis Federation
Tel: +33(0)1.47.43.48.15
nbeaudelin@fft.fr

Marjorie Lescure
BIGBEN
Tel: +33(0)6.84.19.83.19
mlescure@bigben.fr

Floriane Ettwiller
BNP Paribas
Tel: +33(0)7.62.27.48.34
floriane.ettwiller@bnpparibas.com

Agence Sophie Kamoun Communication (for BNP Paribas)
Sophie Kamoun – sophie@sk-communication.fr – +33 (0)6 07 11 42 21
Alexandre Barthelemy – alexandre@sk-communication.fr – +33 (0)6 19 54 42 65

London, UK – 12 December 2018 – BNP Paribas today announced that it has been awarded BP’s cash management business across Europe, following a competitive tender.

BNP Paribas will support BP’s local transaction requirements in 20 countries, including all payables and receivables totalling some 100 million transactions per annum.

BP’s decision to rationalise cash management arrangements is directly linked to its Cash and Banking Transformation Programme. This project supports BP strategy around modernising the group – in this case by standardising and simplifying cash management and transactional banking globally.

BNP Paribas will work closely in partnership with the energy company to help it improve efficiency and effectiveness of its banking architecture. Currently BP operates hundreds of bank accounts across the region and BNP Paribas will be driving to streamline these and improve visibility and control of cash for its client through a zero balancing physical pooling structure.

Improved liquidity management is a key goal of the banking project; as well as euro and Swiss franc, the currencies of the Nordics, Hungary, Poland, Ukraine and Turkey are in scope. BNP Paribas will be sole Treasury banker across all of these countries.

Commenting on the win, Pierre Fersztand, global head of Cash Management at BNP Paribas, said: “I’m delighted that BP has chosen BNP Paribas as its European provider. This deal builds on the strong relationship we already hold with our client.

“We are continuing to invest significantly in our cash management offering and our innovative products combine with a broad country footprint to create a European market-leading proposition.”

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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 73 countries, with more than 196,000 employees, including around 149,000 in Europe. The Group has key positions in its three main activities: Domestic Markets, 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.

BNP Paribas employs more than 9,000 people across 10 business lines in the UK. These are Corporate & Institutional Banking, Exane BNP Paribas, Leasing Solutions, Arval, Real Estate (including Strutt & Parker acquired in September 2017), Asset Management, Cardif Pinnacle, Commercial Finance, Personal Finance and Vauxhall Finance. Around half of these employees are in Corporate & Institutional Banking based in London, while the others are based in various offices across the country, including Belfast, Birmingham, Cardiff, Glasgow and Manchester.

London, UK – 5 December 2018 – BNP Paribas announced that Lewis Burnett joined the bank today as co-head of Corporate Broking, based in London. Lewis reports to Andreas Bernstorff, EMEA head of Equity Capital Markets, and will be overseen by Matthew Ponsonby, UK head of Global Banking.

The move reunites Lewis with Andrew Forrester, who joined the bank as co-head of Corporate Broking in August. As they build out the Corporate Broking team, Lewis and Andrew will position BNP Paribas as a trusted adviser to the senior management teams of UK FTSE 100 and 250 companies, and increase BNP Paribas’ market share in UK equity-related transactions. Corporate Broking will form a central pillar in BNP Paribas’ UK growth plan, drawing on the research and distribution strength of Exane BNP Paribas, the balance sheet strength of one of Europe’s leading banks, and its market-leading product set.

Lewis was latterly head of UK Advisory and Corporate Broking at Credit Suisse where he worked since 2005, advising on numerous high profile capital raisings and M&A transactions. Prior to that, Lewis was a City lawyer. Andrew was latterly a managing director in Credit Suisse’s UK Advisory and Corporate Broking department. Previously, he was head of UK ECM and Corporate Broking at Nomura, and held senior Corporate Broking positions at Citigroup for more than a decade.

Andreas Bernstorff, EMEA head of Equity Capital Markets, BNP Paribas, said: “We are pleased to now have both Lewis and Andrew on-board. They bring outstanding knowledge of ‘UK PLC’ and almost 40 years’ collective experience in providing strategic equity advice to UK firms. They will play a key part in increasing the impact BNP Paribas makes in UK equity primary markets, that is commensurate with the leading business we have built in equity research and distribution.”

Exane BNP Paribas, which is responsible for research and distribution within BNP Paribas’ ECM business, operates one of the largest distribution platforms dedicated to European equities worldwide. It was ranked #1 pan-European equities house by the Extel Survey of investors in 2018 and 2017, with 17 top rated analysts in the 30 equity sectors. On the debt side, BNP Paribas was #1 in Euro-denominated DCM and a top three bookrunner in both high-yield and leveraged loans in Europe, in the first nine months of 2018 according to Dealogic.

Matthew Ponsonby, UK head of Global Banking, BNP Paribas, said: “Based on our traditional strengths in financing and a uniquely diversified range of services in the UK, we are already a core relationship bank to many FTSE 100 companies. Together with our UK Client Coverage, Financial Sponsors and Financial Institutions Coverage teams, Corporate Broking builds on these areas of strength and is therefore a logical extension of the dialogue we are already having with clients.”

As part of its 2020 group business development plan, BNP Paribas is looking to grow its business in the UK and other selected European countries, with the aim of becoming the bank of reference for corporates in Europe. Corporate Broking is a central part of that strategy and caps a compelling proposition based on its diversified UK banking platform, leading debt financing capabilities and the #1 ranked equities distribution and research platform in Europe.

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About BNP Paribas

BNP Paribas (http://www.bnpparibas.com/) is a leading bank in Europe with an international reach. It has a presence in 73 countries, with more than 196,000 employees, including around 149,000 in Europe. The Group has key positions in its three main activities: Domestic Markets, 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.