Agreement with Deutsche Bank on prime finance and electronic equities

BNP Paribas and Deutsche Bank sign an agreement to provide service continuity to Deutsche Bank's Global Prime Finance and Electronic Equities clients.

cib_Agreement with Deutsche Bank on prime finance and electronic equities

Following on from their preliminary agreement, BNP Paribas and Deutsche Bank have signed a master transaction agreement to provide continuity of service to Deutsche Bank’s Global Prime Finance and Electronic Equities clients. Under the agreement, Deutsche Bank will continue to operate the platform until clients can be migrated to BNP Paribas.
 
The two firms will work closely together to ensure a seamless transition for clients, through the migration of technology and key staff from Deutsche Bank to BNP Paribas. This binding  agreement remains subject to regulatory approvals from the relevant authorities.
 
“We are pleased to have signed the master transaction agreement with BNP Paribas on schedule. This is an important milestone for our Capital Release Unit and attests to the strength of our client offering and technology in these products. We are already making progress and are on the right track to implement this transaction and provide certainty for clients and staff,” said Frank Kuhnke, Chief Operating Officer, Deutsche Bank.
 
“I’m excited to announce the signing of this agreement, thanks to the close cooperation between BNP Paribas and Deutsche Bank teams. We are now looking forward to welcoming staff and serving these new clients. This agreement demonstrates BNP Paribas’ strong commitment to institutional investors globally,” said Yann Gérardin, Deputy Chief Operating Officer and Head of Corporate and Institutional Banking, BNP Paribas.
 

About European cash equity execution and Exane BNP Paribas

Exane BNP Paribas is the natural partner for BNP Paribas as the Bank expands its Global Markets and Global Brokerage businesses, and it will continue to be the Bank’s European cash equity execution partner.
 
Over the past 15 years, Exane BNP Paribas has built up an exceptional European brokerage with a number 1-ranked research franchise, a top-quality execution platform including a market-leading electronic trading team and strong relationships with institutional investors.
 
In the context of this agreement with Deutsche Bank, Exane BNP Paribas and BNP Paribas will work together to develop a high quality, market-leading and client-focused execution and advisory franchise.

Related solutions

Brio

This platform offers clients the ability to conceptualise and test their investment strategies before connecting with their sales representative to proceed to transaction, specifically for Delta One and Quantitative Investment Solutions (QIS).

Equity Derivatives

BNP Paribas has around 30 years of consistent experience in the equity derivatives market, and we are well-known for our capabilities in providing a comprehensive product range of diverse solutions across both flow and structured products. We are focused on designing new strategies and innovative solutions to meet all our clients’ demands.

Prime Solutions & Financing

A global and cross-asset platform for the clearing of listed and OTC products, execution of listed derivatives, prime brokerage services, securities financing through repurchase agreement (repo), and a market leading electronic execution provider. Prime Solutions & Financing (PS&F) is one of four banks globally offering a full suite of investor services, from trading to financing, clearing and custody, in partnership with BNP Paribas Securities Services.

Smart Derivatives

SMART Derivatives is our cutting edge platform providing full integrated services from marketing, primary and secondary trading, to post-trade information on structured products, built around 3 interactive and complementary applications.