BNP Paribas receives top prize at Energy Risk Awards 2019

Energy Risk has named BNP Paribas "Derivatives House of the Year 2019" at its awards ceremony, which this year took place in Houston. In addition to winning the top accolade, BNP Paribas was also named "Base Metals House of the Year 2019", a prize the bank has now won for four consecutive years.

A landmark annual event for achievements in the global commodities markets, BNP Paribas was recognised for its ability to service a diverse client base worldwide, providing a full spectrum of banking services from M&A advisory and financing to management and investment. As a London Bullion Market Association (LBMA) forward market maker, BNP Paribas plays a major role in supporting the commodities sector.

"We remain one of the few banks in the world with a long-term commitment to the growth of its commodities franchise "

Guillaume Picot, Global Head of Corporate & Investor Commodity Derivatives Sales

Guillaume Picot, Global Head of Corporate & Investor Commodity Derivatives Sales in Global Markets, believes BNP Paribas is one of the few banks in the world with a long-term commitment to the growth of its commodities franchise. "Our continued focus on product diversification yielded great feedback for our clients, who are now able to effectively risk manage even the most illiquid products through BNP Paribas", he explains.

In the base metals segment, BNP Paribas continued to grow its presence in the ferrous markets in the past 12 months, particularly in the London Metal Exchange (LME) Steel Scrap contracts. The bank is one of the few international firms able to trade physical metals in China and has built onshore and offshore trading capacity for both physical and futures Chinese commodities, which has been highly regarded by clients.

"Our long-standing commitment of some 35 years to the base metals markets, along with a global footprint, allows us to continue to evolve with the markets, stay relevant and expand our offering adapted to clients' needs," says Davide Collini, Head of Metals and Agricultural Sales EMEA at Global Markets.

The Energy Risk Awards recognise excellence across the global commodities markets, judged by a panel of industry experts and the Risk.net editorial team.