Awards for Excellence 2002
BNP Paribas
The award for most improved debt house had plenty of contenders this year, but BNP Paribas tipped the balance across the board. This is thanks to its strong showing in the corporate credit market in Europe (where it ranks third behind Deutsche Bank and Citicorp/Salomon Smith Barney), its growing strength in structured credit and credit derivatives, and the increasingly attractive synergies emerging from the merger of BNP and Paribas.
“BNP Paribas is now a much more powerful player than people thought it might have been,” says David Ovenden, the firm’s global head of credit.
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