BNP Paribas has received two accolades at Risk Awards 2021 winning Currency Derivatives House of the Year for the third consecutive year and Credit Portfolio Manager of the Year. These awards demonstrate BNP Paribas' strength and resilience in one of the most turbulent periods in financial markets history.
BNP Paribas recognised at Risk Awards 2021 as Currency Derivatives House of the Year for third consecutive year and Credit Portfolio Manager of the Year.
In giving the awards, Risk cited BNP Paribas' ability to anticipate and prepare for the crisis, its long dollar inventory and its global forwards e-book as fundamental to the FX business providing liquidity and supporting clients throughout the height of the crisis. The expertise of BNP Paribas' FX team also allowed the business to develop innovative solutions for clients as they looked for flexibility and support when the crisis hit.
"Winning Currency Derivatives House of the Year for the third year running is a huge testament to the strength and expertise of BNP Paribas' currency business", commented Francisco Oliveira, Global Head of FXLM.COMM (Foreign Exchange, Local Markets and Commodities). "Even in unprecedented times such as these, we have been able to consistently support clients' diverse needs and provide liquidity in times of market stress. It is an honour to be recognised by RiskAwards for the third consecutive year."
"Winning Currency Derivatives House of the Year for the third year running is a huge testament to the strength and expertise of BNP Paribas' currency business."
In a year of unprecedented global crisis, Risknoted in its award that BNP Paribas' Credit Portfolio Management demonstrated its nimbleness to provide a clear vision of the portfolio activity throughout very volatile times and support the significant increase in clients' demand for more funding while containing the capital consumption resulting from the crisis. Thanks to the large breadth of capital management solutions and the deep access to investors and insurer partners, the Bank managed to preserve its ability to serve its clients.
"The integrated set-up of the Securitised Products Group, within Capital Markets, enhanced our collective agility and proximity to investors that made all the difference vs peers during the crisis," commented Khoi-Anh, Co-Head of Securitised Products Group.
"This award shows the ability of the team to transform a very challenging context into a win while serving the bank to support the economy and our clients. This is the result of talented people blended with a very positive team spirit," commented Thomas Alamalhoda, Head of Securitised Products Group - Portfolio Management Solutions.
The Risk Awards are recognised for celebrating leadership and innovation within the industry and this year's recognition demonstrate BNP Paribas' adaptability in providing relevant solutions for clients even in unprecedented times.