BNP Paribas SA is aiming to become Europe’s top equities-trading player after completing the integration of Deutsche Bank AG’s prime-brokerage assets.
Paris-based BNP finished on-boarding all the technology and assets, along with some 900 staffers, from the German lender late last year, according to a statement Wednesday. Announced in 2019, the deal is part of an effort by Chief Executive Officer Jean-Laurent Bonnafe to bulk up an equities business long in the shadow of BNP’s larger fixed-income unit. Now, the bank has a new objective.
