Associate - Hedge Fund Service

A global banking organization headquartered in Paris, France, BNP Paribas S.A., is the world's 8th biggest bank by total assets and currently operates with a presence in 72 countries. The group was an outcome of the merger of Banque Nationale de Paris (BNP) and Paribas in 2000. Primarily listed in the first market of Euronext Paris and a component of the Euro Stoxx 50 stock market index, BNP Paribas is also included in the French CAC 40 index. The bank offers Retail Banking & Services and Corporate & Institutional Banking services. Led by Jean-Laurent Bonnafé as its CEO, the bank roots back to the year 1848, when BNP was formed and 1872 when Paribas was formed, the two institutions which later on merged in the year 2000 bringing BNP Paribas into existence.

Organization Structure

Services Offered

• Retail & Banking Services:
  • Domestic Markets:
    • Retail Banks such as BDDF in France, BNP Paribas Fortis in Belgium,  BGL BNP Paribas in Luxembourg, and BNL in Italy.
    • Specialized business such as Arval (long-term leasing of company vehicle fleets with services), BNP Paribas Personal Investors (savings and online brokerage) and BNP Paribas Leasing Solutions (leasing and financing solutions).
  • International Financial Services
    • BNP Paribas Personal Finance offering loans in 28 countries
    • Bank of the West in the United States
    • TEB in Turkey
    • BNP Paribas Bank Polska in Poland
    • BNP Paribas Cardif (# 1 worldwide in creditor insurance *) 
  • Corporate & Institutional Banking
    • BNP Paribas Corporate & Institutional Banking (CIB): offers leading financial solutions to its institutional and corporate clients with nearly 30,000 employees in 57 countries with expertise especially in structured finance solutions, derivatives and risk management, and hedging.

Mergers and Acquisitions

• Banca Nazionale del Lavoro (BNL): Italian lender, Banca Nazionale del Lavoro por BNL listed on the Milan Stock Exchange was acquired up to an extent of 48% (1,467.6 million shares) by BNP Paribas (BNPP) in the year 2006 for $10.8 billion.
• Fortis Bank: BNP Paribas acquired 54.55% of shares and voting rights of a wholly-owned Belgian State company, Fortis Bank in May 2009.
• ABN AMRO Bank: all the outstanding shares in ABN AMRO Bank (Luxembourg) S.A. and of its fully owned subsidiary ABN AMRO Life S.A., was acquired by BNP Paribas on 3 September 2018.
• Türk Ekonomi Bankası A.Ş. (“TEB”): reinforcing its position on the Turkish Banking market, BNP Paribas acquired 50% of the holding company which controls the bank Türk Ekonomi Bankası A.Ş. (“TEB”) in the year 2005.

Key People

• Jean-Laurent Bonnafé: the current Director General of PNB Paribas, Jean-Laurent Bonnafé completed his graduation from École Polytechnique and Ecole des Mines. He also sits on the Board of Directors of Carrefour. In 2008 he also became the Chief Operating Officer (COO) of BNP Paribas and was appointed Group Head of Retail Banking.
• Philippe Bordenave: the current COO of BNP Paribas, Philippe Bordenave is a graduate of École Polytechnique and École Nationale d'Administration and joined the BNP in 1985 and served for the development of financial markets activities as Director of the Paris Market Hall from 1987 to 1992 and Director of Markets from 1993 to 1997.

Corporate Social Responsibility

Through its CSR activities, BNP Paribas plays an important role in contributing to the Sustainable Development Goals Launched in September 2015 by the UN with the aim to end poverty by 2030 while preserving the planet. The CSR policy of BNP Paribas stands on 4 pillars and 21 commitments:

• Economic Responsibility: a major player in financial products and services, BNP Paribas aims to exercise its business in an ethical and responsible manner. Contributing to economic development and job creation in 75 countries, the Group strives to live up to this commitment through:
  • Financing and Investments with a positive impact
  • Following the best ethical standards
  • Rigorous management of environmental, social and governance risks 
• Social Responsibility: BNPP’s social responsibility is based on the three principles mentioned below. The combination of these three ambitious and proactive aims to promote the development and commitment of our employees.
  • Promoting diversity and inclusion
  • Responsible management of employment and "Good place to work"
  • A learning enterprise offering dynamic career management
• Civic Responsibility: fight against social exclusion and human rights violations, promote equal opportunities through financial education and microfinance, encourage artistic creation and solidarity actions of its employees, BNP Paribas acts on all these fronts, as a committed player in society through:
  • Products and services accessible to the greatest number
  • The fight against social exclusion and the promotion of respect for human rights
  • A sponsorship policy for culture, solidarity and the environment
• Environmental Responsibility: a global player in the financing of the energy sector, BNP Paribas has made the fight against climate change its environmental priority, in line with the Paris agreement, one of the objectives of which is to make financial flows compatible with low-carbon development. For this, 3 levers are activated:
  • Assisting its customers in the shift to a low carbon economy
  • The decrease of the environmental footprint related to its own functioning
  • Developing knowledge and sharing best environmental practices