- Creates Global Credit Markets Americas, integrating the credit market activities of Global Markets
Americas and Global Banking Americas under a single management structure
- Organizes origination activities into High Grade Finance, Asset Finance & Securitization and Leveraged
Finance
- Hires Christopher Blum as Head of Leveraged Finance for North America
NEW YORK, July 23, 2018 (GLOBE NEWSWIRE) -- BNP Paribas, as part of its CIB 2020 development plan, is committed
to strengthening and enhancing its credit activities in the Americas as well as expanding and deepening its corporate,
institutional and sponsor client base.
In order to streamline the organization to support this growth plan, BNP Paribas has created a new unit called
Global Credit Markets Americas bridging the existing credit units of Global Markets Americas and Global Banking Americas. This new
unit integrates all primary origination, financing & syndication and secondary sales, trading & research activities across credit
products into one platform.
The platform will be headed by Matthew Salvner, with Dan Cozine becoming Deputy Head focused on primary markets
activities.
Origination within Global Credit Markets Americas will be reorganized into three areas:
- High Grade Finance will include the Bond and Loan Origination & Structuring teams covering Corporate Investment Grade,
Financial Institution and Latin American clients.
- Asset Finance & Securitization brings together ABS, RMBS & CLO Securitization with the Asset Finance teams covering Power,
Infrastructure & Project Finance, Export Finance, Transportation Finance, Metals & Mining Structured Debt, and Asset Based
Lending into one platform encompassing all structured debt products.
- Leveraged Finance will include all leveraged loan and high yield bond activities with both corporate and sponsor
clients.
The development of the bank’s presence in leveraged finance and high yield is part of the development plan, and
the bank is pleased to announce the appointment of Christopher Blum as Head of Leveraged Finance for North America. In this role,
Chris will oversee the growth of all leveraged finance and high yield origination with all sponsor and corporate clients. Chris
brings to this role close to 20 years of experience in leveraged finance and high yield, most recently as Co-Head of Leveraged Debt
Capital Markets at Deutsche Bank.
Bob Hawley, CEO of CIB Americas, stated: “As part of our regional goals for the Group’s 2020 plan, CIB Americas
plans to expand our credit market activities, which include strengthening our origination platform, and as part of that enhancing
our Leveraged Finance franchise. This combined origination platform will help us expand domestically in addition to helping us
further grow our transatlantic capabilities, where the bank holds leading positions, and continue to support diverse European
issuers in the Americas markets and vice versa.”
About BNP Paribas in the USA
BNP Paribas has built a strong and diversified presence in the United States to support its client base. The bank employs over
16,000 people and has had a presence in the USA since the late 1800s. Bank of the West and First Hawaiian Bank (together BancWest,
part of Retail Banking & Services) serve nearly 3.5 million individual, wealth and SME clients through a branch network of more
than 650 branches and business centers. Large corporate and institutional clients are serviced by BNP Paribas’ Corporate &
Institutional Banking franchise that has a presence in the main US cities, in addition to a global reach through a network of
offices in EMEA and APAC. The bank also offers asset management services through BNP Paribas Investment Partners (part of Retail
Banking & Services) as well as Real Estate and Fleet Services through partnerships.
www.usa.bnpparibas
About BNP Paribas
Group
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 and
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. The Group
helps all its clients (individuals, community associations, entrepreneurs, SMEs, corporates and institutional clients) to realize
their projects through solutions spanning financing, investment, savings and protection insurance. In Europe, the Group has four
domestic markets (Belgium, France, Italy and Luxembourg) and BNP Paribas Personal Finance is the European leader in consumer
lending. BNP Paribas is rolling out its integrated retail-banking model in Mediterranean countries, in Turkey, in Eastern Europe
and a large network in the western part of the United States. In its Corporate & Institutional Banking and International Financial
Services activities, BNP Paribas also enjoys top positions in Europe, a strong presence in the Americas as well as a solid and
fast-growing business in Asia-Pacific.
www.group.bnpparibas
Press
Contacts
Mylene Benmoussa
+1 646 322 5221
mylene.benmoussa@us.bnpparibas.com
Guy Taylor
+1 917 767 1593
guild.taylor@us.bnpparibas.com
Follow us on Twitter: @BNPPamericas
