BNP Paribas re-enters China's securities market after 17 years, hiring 30 employees for brokerage, research, and asset management.
BNP Paribas has hired 30 employees to re-enter China's securities market after 17 years, focusing on its brokerage, research, and asset management units. The French bank has obtained regulatory approval and opted not to expand its onshore investment banking due to high costs and deal outlook. BNP Paribas has not abandoned investment banking altogether, hiring Ren Wang to revamp the business in late 2021.
April 22, 2024
3 Articles