Both activities were previously followed separately from London.
This initiative will capitalise on the leading position that BNP Paribas already holds in the syndicated loan market in the Gulf as well as its growing Debt Capital Market franchise. It will also reinforce BNP Paribas presence in the region and emphasize its strong commitment to the Gulf.
The aim of BNP Paribas is to expand its range of product and to upgrade its quality of services by being close to its clients on the ground.
BNP Paribas Corporate and Investment Banking has appointed Mr. Mark Waters to this newly created position as Head of Debt Capital Markets in the Gulf Region. He is based in Bahrain, the regional hub of BNP Paribas in the G.C.C and reports to Eric Josserand, Regional Head of Fixed Income.
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BNP Paribas extending business in the Gulf
- United Arab Emirates: Monday, October 29 - 2007 at 12:29
- PRESS RELEASE
BNP Paribas in the Gulf is pleased to announce the creation of a combined syndications and bond origination platform on the ground as from October 2007.
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Notes and media contacts
BIZ COM - 'For PRoactive Communications'P.O. Box 48889, Dubai - UAE
Tel: +971 4 332-0888
Fax: +971 4 332-0999
BNP Paribas has been operating in the Gulf for over 34 years with a presence in five Gulf countries (Bahrain, United Arab Emirates, Qatar, Kuwait and Saudi Arabia). The teams also cover Oman and Yemen. BNP Paribas in the region accounts for approximately 530 employees. The Regional Management is based in Bahrain which is the regional hub for BNP Paribas in the Gulf.
About BNP Paribas
BNP Paribas (www.bnpparibas.com) is a European leader in global banking and financial services and is one of the 5 strongest banks in the world according to Standard & Poor's. The group is present in over 85 countries, with 155,000 employees, including 123,000 in Europe. The group holds key positions in three major segments: Corporate and Investment 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.
Posted by Lara Lynn Golden, News EditorMonday, October 29 - 2007 at 12:29 UAE local time (GMT+4)
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