BNP Paribas in the Middle East & Africa News & Press
BNP Paribas
October 17, 2012 -

BNP Paribas compounds strengths in Cash Management during strategic update on foreign exchange markets to key multinational clients.

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In line with its strategy of bringing value-added solutions to its multinational clients, BNP Paribas recently held a VIP event for its Multinational Clients at the Armani hotel in Dubai. The event was hosted by Pierre Veyres, Global Head of Global Transaction Banking, Jean-Christophe Durand, CEO – BNP Paribas CIB MEA and Pierre-Louis Deumier, Regional Head of Multinational Coverage, MESA. It also included a key note speech from Steven Staywall, BNP Paribas Global Head FX Strategy.

On the occasion, Jean-Christophe Durand stated that: ‘At BNP Paribas, we have strong local presences in the Gulf countries, thus enabling us to serve the needs of multinational clients. Through our extensive network of experts on the ground and with our comprehensive portfolio of value-added solutions, we are uniquely positioned to support our clients in strengthening their business in the region, and abroad.

He added: ‘Accompanying multinational clients in the region is at the heart of the BNP Paribas strategy. Additionally, flow banking, encompassing cash management, trade and fixed income, are key pillars of our offering in the Middle East region. As a result, clients can enjoy one the strongest and longest standing franchises in flow business, both in the Middle East region and globally.’

Steven Staywall presented a detailed foreign exchange market update. Among the key forecasted trends he highlighted, were the continued weakness of the USD, the stabilisation of the Euro zone, the strength of the GBP as well as the strength of Asian and commodity currencies.

BNP Paribas has been providing a broad range of solutions to multinational clients for more than 30 years in the Middle East region, with a focus on relationship banking and bringing best-in class solutions in trade finance, cash management and foreign exchange.

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