BNP Paribas is pleased to announce the creation of the Equities and Derivatives Institutional Long Only business in North America. Following its great success in developing its Institutional Flow Sales business to Hedge Funds, BNP Paribas has now commenced a significant build out of its client facing business with other “Long Only” Institutional Money Managers. “Long Only” includes Mutual Funds, Pension Funds, and Endowments.
Accordingly, we are pleased to announce the promotion of Alan Rubenfeld as Head of Institutional Relationship Management for North America and Andrew Baehr as Head of Institutional Long Only Sales in North America. Alan will remain based in New York and report to Todd Steinberg, Head of Equities and Derivatives for the Americas. Andrew Baehr is based in New York and reports to Aaron Ford, Head of Institutional Sales North America.
Commenting on the appointments, Todd Steinberg, said, “This is a key area of growth for the Bank as we plan to continue building this vitally important client base. Andrew and Alan are two highly respected and experienced bankers in the investment management community and I am confident they will enhance and expand our footprint in this market.”
Alan joined BNP Paribas in June of 2007 as a Managing Director in Global Execution Services Sales for the US. Prior to joining BNP Paribas, Alan spent over 10 years at Deutsche Bank Securities. Andrew joined BNP Paribas in August 2007 as a Managing Director in Equity Derivatives Flow Sales. Before joining BNP Paribas, Andrew was with Morgan Stanley as a senior derivatives sales person covering the full range of flow products and clients. Prior to that, he spent 9 years at Deutsche Bank as a senior equity derivatives salesperson.
In 2007, BNP Paribas was named ‘Equity Derivative House of the Year’ by Risk magazine ‘North American Structured Products House of the Year’ by Structured Products Magazine and ‘Best Equity Derivatives house in North America’ by Global Finance magazine.
BNP Paribas Corporate and Institutional Banking businesses achieved very strong performances last year with revenues of 8,29 billion euros (12,58 billion US dollars). For 2008, the group’s ambition is to match this level of record revenues.
About Corporate and Institutional Banking at BNP Paribas:
BNP Paribas Corporate and Investment banking division (CIB) has 15,000 employees, deployed in over 52 countries around the world. It operates in advisory and capital markets (Corporate Finance, Equities, Fixed Income) as well as in financing businesses (Energy, Commodities, Export and Project Finance and Structured Finance). CIB excels in three fundamental sectors in particular: Derivatives – it is one of the leading global players in rates, credit, forex, commodity and equity derivatives Capital markets – it is amongst the top ten Euro houses for both ECM and DCM (bond issues, securitization, convertibles and shares). Structured finance – it is amongst the world leaders for acquisition, export, project and commodity finance. For further information please visit our website at http://cib.bnpparibas.com/
About BNP Paribas
BNP Paribas (www.bnpparibas.com) is a European leader in global banking and financial services and is one of the 4 strongest banks in the world according to Standard & Poor’s. The group is present in over 85 countries, with 163,000 employees, including 127,000 in Europe. The group holds key positions in three major segments: Corporate and Institutional Banking, Asset Management & Services and Retail Banking. Present throughout Europe in all of its business lines, the bank’s two domestic markets in retail banking are France and Italy. BNP Paribas also has a significant presence in the United States and strong positions in Asia and the emerging markets.
Press contacts :
Edwina Frawley-Gangahar, Media Relations, New York +212-841-3719
Kerrie McHugh, Media Relations, New York +212-841-3809