BNP Paribas is to open an office in Jersey City, New Jersey. The office will become the North American Support Functions Headquarters of BNP Paribas’ Corporate and Investment Banking business. Employees will begin relocating from the third quarter of 2007.
“I think this is a critical step for our development in the US as we are forecasting significant organic growth in the coming years,” says Everett Schenk, the head of Territory in North America. “We are very happy to be moving to a great building and location in Jersey City to help support this growth.”
BNP Paribas is forecasting staff levels in the NY area approaching 3,000 people by 2012 from the banks current staff of approximately 2,400 people.