BNP Paribas speaks out

BNP Paribas Hong Kong chief executive Didier Balme and deputy chief executive Mignonne Cheng discuss Peregrine, private banking, and the bank?s acquisition strategy.

FA In your results last year, 13% of the global profits and 14% of the global revenues came from Asia. How will that figure look this year

Balme At least the same. But going forward, Asia will become strategically more important for the bank.

FA On the investment banking side, you are very focused on certain areas. BNP Paribas Peregrine is focused on small cap China business. BNP Paribas Oakreed is focused on Hong Kong dollar bonds. Do you have plans to become a full service firm or will you continue to focus on niche areas within the general investment banking market

Balme The global strategy is to be a global firm in all...

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