BNP Paribas is pleased to announce an enhanced business model for its Equity Brokerage and Corporate Finance businesses in Asia, as well as the appointment of new executives. Effective today, the Equity Brokerage business will be led by Pierre Rousseau, Head of BNP Paribas Securities (Asia) and Global Head of Equity Brokerage; while the Corporate Finance business (Equity Capital Markets and Mergers and Acquisitions), will be led by Christian de Charnace, Head of BNP Paribas Corporate Finance, Asia Pacific, who is also a member of the Global Corporate Finance Executive Committee.
Pierre will report to Yann Gerardin, Global Head of Equities and Derivatives.
Christian will report to Thierry Varene, Global Head of Corporate Finance.
The Equity Brokerage business will encompass:
- the present Equity Brokerage activities of BNP Paribas Peregrine, namely 200 Front Office staff with prime quality Equity Research on 7 Stock Exchanges in Asia (Hong Kong, Taiwan, Korea, Singapore, Indonesia, Malaysia, and in association with Thanachart Securities in Thailand), and Sales / Trading in Asia, Europe and the USA;
- and the Equity Execution Brokerage activities of BNP Paribas in Asia, centered around the hubs of Tokyo and Hong Kong. Boasting 30 professionals equipped with cutting-edge technology, this division offers to Institutional clients a wide range of Equity Execution services.
In addition to strengthened Execution Services capacities, this closer proximity to the Equity Derivatives Business line will allow the Equity Cash Brokerage of BNP Paribas in Asia to offer a wide, coordinated product mix to all of its Institutional clients in Asia, Europe and the USA. These services include full Research service; Execution-only service; and a complete range of products in Structured and Flow Equity Derivatives (for which BNP Paribas is a world leader).
The integrated pan-Asia Pacific Corporate Finance platform will encompass:
- the existing staff, products and perimeter of BNP Paribas Peregrine in Corporate Finance (ECM and M&A) in China, Hong Kong, Taiwan and South-East Asia (80 professionals).
- the existing Corporate Finance teams of BNP Paribas in Japan and Korea.
The newly integrated Corporate Finance platform in Asia is the largest for BNP Paribas outside Europe. With its strong franchise in China, and centers of excellence in Hong Kong, Taiwan, Southeast Asia, Japan and Korea, this new Corporate Finance platform will continue to develop the traditional ECM, mid-cap, franchise of BNP Paribas in Hong Kong and China, together with a full range of Advisory and ECM services to the large Asian Groups and Multinationals. With the enhanced platform, the Corporate Finance team in Asia will be in an even better position to develop international business strategies, capturing a larger share of growing business from Europe and the US.
Both Pierre and Christian are based in Hong Kong. They, and their respective teams, will continue to operate in close cooperation for the distribution of the ECM transactions.
In Hong Kong and China, these changes and expansions of perimeters represent a natural evolution for BNP Paribas Peregrine, as it has been operating, for the last three years, as an integrated division of the Bank.
Before the end of the year, the Bank will conduct an alignment of its branding in Equity Brokerage and Corporate Finance, to better reflect the evolution of the business models in these two areas. The branding alignment of Equity Brokerage and Corporate Finance divisions with that of the BNP Paribas Group underscores the rising profile of these two businesses as they pursue bigger underwriting deals in the Asian markets and also expand their presence outside the region. With the branding alignment, these two businesses will be in an even better position to leverage on BNP Paribas’ globally-integrated brand recognition and infrastructure. BNP Paribas is amongst the world’s 15 largest banks and is the No.1 bank in the Eurozone in terms of market capitalization. This is a very strong foundation from which the Corporate Finance and Equity Brokerage businesses in Asia can benefit.
Meanwhile Jean-Claude Bergadaa, currently Chief Executive Officer of BNP Paribas Peregrine, who until now supervises both Brokerage and Corporate Finance activities, will take up a new position in Paris assuming supervisory and marketing responsibilities over a number of OECD countries. During his three-year tenure in Hong Kong, significant developments were carried out, including the creation of a stock brokerage unit in Taiwan, the re-launching of a significant M&A activity in South East Asia, Hong Kong and China and the creation of a strategic partnership in Thailand, thus preparing for the present new phase
Christine Chan + 852 29 09 88 47
Hélène Regnard +33 1 40 14 65 14