BNP Paribas has announced its plans to join forces with Exane in the equity brokerage arena in order to create an ambitious player in the European equities market under the name Exane BNP Paribas. BNP Paribas and Exane’s partnership structure will have an equal stake in the new set-up, and Exane’s partners will have a majority of the voting rights. This organization confirms both companies’ strategy to deliver independent and quality research that meets customers’ needs. The research will be based in London and Paris, but the partnership will also draw on both organizations’ local presence on Continental Europe in Frankfurt, Milan, Zurich, and Geneva, as well as in New York. The new organization is expected to be up and fully operational by the end of the first quarter 2004.
BNP Paribas and Exane Join Forces in Equity Brokerage
BNP Paribas has announced its plans to join forces with Exane in the equity brokerage arena in order to create an ambitious player in the European equities market under the name Exane BNP Paribas. BNP Paribas and Exane's partnership structure
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