Catherine Flax Joins BNP Paribas as Head of Commodity Derivatives, Americas
NEW YORK, NY -- (Marketwired) -- 11/18/13 -- BNP Paribas Corporate
and Investment Banking is pleased to announce that Catherine Flax has
joined the bank as Managing Director, Head of Commodity Derivatives,
Catherine's experience in commodities trading and marketing will be
instrumental to further develop BNP Paribas' client-focused Commodity
Derivatives franchise in North America. She will report locally to
Edward Speal, Head of Global Equities and Commodity Derivatives,
Americas and globally to Amine Bel Hadj Soulami, Global Head of
"This is a significant appointment for BNP Paribas," commented Speal.
"Catherine's arrival underscores both our commitment to serving
clients in the commodity derivatives space and our desire to position
our platform for success as the commodities industry continues to
evolve," he added.
Catherine joins BNP Paribas from J.P. Morgan where she has spent the
last 8 years in a number of high-level management positions. She has
won high accolades from the industry and has been recognized as one
of the most influential women in the financial world both in the US
and in Europe.
"Catherine brings a vast depth of experience in global commodity
markets," commented Bel Hadj Soulami. "We look forward to leveraging
on her exemplary track record to further build our offer in the
Americas to support our successful Commodity Derivatives franchise,"
Catherine joins a global Commodity Derivatives division of over 200
dedicated front office professionals based across Europe,
Asia-Pacific and the Americas serving a diverse client base of over
3,000 covering the entire commodity value chain. The global platform
operates three complementary trading and risk management activities,
offering OTC Commodity Derivatives products, Listed Derivatives and
Clearing services as well as Physical commodity capabilities. BNP
Paribas has been providing financing and risk management services to
the global commodities industry for over a quarter of a century, with
the Commodity Derivatives business originally being constructed to
respond to the bank's financing clients' hedging needs. The
client-centric nature of the platform has remained closely tied to
the business' philosophy ever since, and in 2012 the business was
ranked number 1 for Excellence in Commodity Finance & Structured
Products at the annual Commodity Business Awards.
About BNP Paribas:
BNP Paribas (www.bnpparibas.com) has a presence in nearly 80
countries with 190,000 employees, including 145,000 in Europe. It
ranks highly in its three core activities: Retail Banking, Investment
Solutions and Corporate & Investment Banking. In Europe, the Group
has four domestic markets (Belgium, France, Italy and Luxembourg) and
BNP Paribas Personal Finance is the leader in consumer lending. BNP
Paribas is rolling out its integrated retail banking model across
Mediterranean basin countries, in Turkey, in Eastern Europe and a
large network in the western part of the United States. In its
Corporate & Investment Banking and Investment Solutions activities,
BNP Paribas also enjoys top positions in Europe, a strong presence in
the Americas and solid and fast-growing businesses in Asia-Pacific.
Brokerage services and/or securities products are offered through BNP
Paribas Securities Corp., an affiliate of BNP Paribas, a U.S.
registered broker-dealer and a member of SIPC, FINRA, the NYSE and
other principal exchanges, whose primary office is at 787 Seventh
Avenue, New York, NY 10019.
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