- The MoU establishes a framework of partnership between the banks to meet the banking needs of corporate customers in India and Europe
Mumbai: ICICI Bank, a leading private sector bank in India, and BNP Paribas, a top European bank, have signed a Memorandum of Understanding (MoU) to cater to the banking requirements of European corporates operating in India and Indian companies in the European Union.
The MoU establishes a framework of partnership between the two banks for providing financial services to corporate customers operating in the India – Europe corridor.
The MoU was signed at an event held in Mumbai by Mr. Anup Bagchi, Executive Director, ICICI Bank, and Mr. Grzegorz Marczuk, Chief Operating Officer, BNP Paribas India.
Speaking on the occasion, Mr. Anup Bagchi, Executive Director, ICICI Bank said, “We are delighted to enter into a partnership with BNP Paribas, one of the oldest foreign banks in India. As the fifth largest economy in the world and with a strong focus to become a regional manufacturing hub, India is in the forefront of leading the world growth in the near future. This makes India a very attractive destination for trade and foreign investment, with Europe ranking amongst the top regions investing in India. With our strong physical network across the country, world class digital offerings and comprehensive suite of corporate and retail banking products, we are confident that ICICI Bank will support BNP Paribas’ customers grow their business in India, and make India one of their key markets. Further, we will leverage BNP Paribas’ pan-Europe presence to support our corporate clients for any of their banking requirements across Europe.”
Mr. Sanjay Singh, Head of Territory & CEO, BNP Paribas India said, “We do see several Indian corporates emerging as global champions. Our partnership with ICICI Bank will support corporates’ expansion plans with a right mix of ICICI Bank’s robust domestic physical network combined with our deep global footprint. This alliance will further strengthen our commitment to supporting Indian corporates in their global journey and European corporate clients looking to expand their footprint in India.”
About ICICI Bank: ICICI Bank Ltd (BSE: ICICIBANK, NSE: ICICIBANK and NYSE:IBN) is a leading private sector bank in India. The Bank’s consolidated total assets stood at ₹ 15,21,748 crore at December 31, 2022.
For news and updates, visit www.icicibank.com and follow us on Twitter at www.twitter.com/ICICIBank
For media queries, write to corporate.communications@icicibank.com
About BNP Paribas: BNP Paribas Group has been in India since 1860 and is among the leading international financial institutions providing a wide range of financial services covering corporate & institutional banking, and personal investment services for individuals. As the second oldest foreign bank in India, BNP Paribas has branches in key metros and has a rich and broad offering across the entire range of corporate and institutional banking products and services, covering flow banking (transaction banking), financing, hedging, global markets, derivatives and investments. Asiamoney has also accorded “Best International Corporate Bank for India” to BNP Paribas in 2022.
Media contacts:
Manisha Khosla Sinha Manisha.khoslasinha@asia.bnpparibas.com +919892047212
Vidyalaxmi Vidyalaxmi.VENKATRAMANI@asia.bnpparibas.com +919920066550
For updates, visit us on https://www.bnpparibas.co.in/en/ and follow us on LinkedIn
BNP Paribas today announced that Sanjay Singh will be appointed Chief Executive Officer of India. Sanjay Singh is to succeed Aymar de Liedekerke Beaufort following his nomination as Head of Territory, India. Both appointments will take effect on 1 September.
Since joining BNP Paribas Securities India eight years ago, Sanjay has assumed the CEO role of the Securities business as well as his current positions as Head of Global Markets and Deputy CEO of BNP Paribas India. Under his leadership, the Global Markets, FIC and Custody businesses have expanded, underpinning BNP Paribas’ leading position in India.
Commenting on his appointment, incoming Head of Territory India, Aymar de Liedekerke Beaufort, said: “With his deep experience running key divisions of our business, Sanjay is well placed to build on the success of our India franchise and drive further growth across our corporate and institutional activities. India remains a priority for BNP Paribas’ growth strategy in the region and I am confident that through working closely with Sanjay, we will maximise all the opportunities that lie ahead.”
Press Contacts
Manisha Khosla Sinha manisha.khoslasinha@asia.bnpparibas.com +919892047212
About BNP Paribas in India (https://www.bnpparibas.co.in/en/)
BNP Paribas has been in India since 1860 and is among the leading international financial institutions providing a wide range of financial services covering corporate & institutional banking, and personal investment services for individuals. BNP Paribas has more than 11000 employees in India across its various lines of business and its Technology and Operations global delivery centers in Bengaluru, Chennai and Mumbai.
As the second oldest foreign bank in India, BNP Paribas has branches in key metros and has a rich and broad offering across the entire range of corporate and institutional banking products and services, covering flow banking (transaction banking), financing, hedging, global markets, derivatives and investments. Sharekhan, a wholly owned subsidiary of BNP Paribas, provides personal investment services to Individuals and has over 3000 centres across 540+ cities in India. Following our ethos on having a positive impact on our stakeholders and society, BNP Paribas India Foundation, a not-for-profit organisation, deploys BNP Paribas’ CSR efforts in critical areas including education, youth skilling, culture and environment.
About BNP Paribas
Worldwide, BNP Paribas has a presence in 68 markets with more than 193,000 employees. It has key positions in its three main activities: Domestic Markets and International Financial Services (whose retail-banking networks and financial services are covered by Retail Banking & Services) and Corporate & Institutional Banking, which serves two client franchises: corporate clients and institutional investors. Asia Pacific is a key strategic region for BNP Paribas and it continues to develop its franchise in the region.
BNP Paribas today announced that Aymar de Liedekerke Beaufort has been appointed Head of Territory, India, and will retain his role as Head of Corporate and Institutional Banking (CIB). This will take effect on 1 September 2021.
A 30-year veteran of BNP Paribas, Aymar has served as CEO of BNP Paribas India S.A. branches and led CIB in India since December 2019. His previous positions at BNP Paribas include Head of Territory Vietnam, Head of Country for Czech Republic and Slovakia, Head of Country for Hungary and South Eastern Europe, Deputy Head of Corporate and Transaction Banking Europe, and Head of Corporate Coverage and Transaction Banking, Germany.
Commenting on his appointment, BNP Paribas Asia Pacific Chief Executive Officer Paul Yang said: “In his expanded role, Aymar will drive Group strategy within our important India operation and enhance our ability to help clients tap the full range of BNP Paribas solutions across our global network.”
Aymar will also oversee local governance and controls while deepening initiatives related to Corporate Social Responsibility and Sustainable Finance. He will succeed Franciska Decuypere, who will relocate to Europe to take on another senior role within BNP Paribas.
Press Contacts:
Manisha Khosla Sinha Email: manisha.khoslasinha@asia.bnpparibas.com Phone: +919892047212
About BNP Paribas in India:
BNP Paribas has been in India since 1860 and is among the leading international financial institutions providing a wide range of financial services covering corporate & institutional banking, and personal investment services for individuals. BNP Paribas has more than 11000 employees in India across its various lines of business and its Technology and Operations global delivery centers in Bengaluru, Chennai and Mumbai. As the second oldest foreign bank in India, BNP Paribas has branches in key metros and has a rich and broad offering across the entire range of corporate and institutional banking products and services, covering flow banking (transaction banking), financing, hedging, global markets, derivatives and investments. Sharekhan, a wholly owned subsidiary of BNP Paribas, provides personal investment services to Individuals and has over 3000 centres across 540+ cities in India. Following our ethos on having a positive impact on our stakeholders and society, BNP Paribas India Foundation, a not-for-profit organisation, deploys BNP Paribas’ CSR efforts in critical areas including education, youth skilling, culture and environment.
About BNP Paribas:
Worldwide, BNP Paribas has a presence in 68 markets with more than 193,000 employees. It has key positions in its three main activities: Domestic Markets and International Financial Services (whose retail-banking networks and financial services are covered by Retail Banking & Services) and Corporate & Institutional Banking, which serves two client franchises: corporate clients and institutional investors. Asia Pacific is a key strategic region for BNP Paribas and it continues to develop its franchise in the region.
Dear Customer,
Due to the COVID-19 outbreak, the public authorities have introduced numerous restrictions to limit social interactions and the movement of people. The Indian Banks’ Association has also appealed to customers to use mobile and online banking channels for their regular banking transactions.
Even as we continue to provide essential services at our branches, namely:
1. Cash Deposits and Withdrawals
2. Clearing of Cheques
3. Remittances
4. Government Transactions
We request that you only visit our branches to seek the above-mentioned services if necessary.
As a precautionary measure to help contain any incident of COVID-19, our branches will open from 10am to 2pm IST (except on bank holidays) from Tuesday, 24 March 2020, until further notice. Please exercise caution and protect your health by using our Internet and Mobile Banking services where possible.
Please connect with BNP Paribas’ branches for any clarification or assistance.
We thank you for your understanding during these challenging times.
BNP Paribas Wealth Management today announced that Ravinder Singh has been appointed as Head of Wealth Management, India and Managing Director and CEO, BNP Paribas Wealth Management India Pvt. Ltd. Most recently, Mr Singh has led the front office team in India as Head of Sales since March 2016. He joined BNP Paribas Wealth Management in 2013 and brings more than two decades’ experience in the Indian wealth management industry to his new role.
Based in Mumbai, Mr Singh reports to Mr Samir Bimal, Head of Indian and International Markets who is located in Hong Kong, and to Ms Franciska Decuypere, Territory Head, BNP Paribas India.
In his new role, Mr Singh is responsible for the overall strategic direction and management of the Group’s wealth management division in order to further grow the franchise in India. BNP Paribas Wealth Management has retained its position as the top 5 wealth manager and the largest foreign bank in India by size of client assets in a recently released ranking1.
1 Source: Asian Private Banker 2018 India onshore AuM league table
Commenting on the appointment, Mumbai-based Ms Franciska Decuypere said, “BNP Paribas Wealth Management is an important contributor to our franchise in India. We are a significant player in Indian private banking and we have expanded our offerings and value proposition to become a wealth manager of choice for our clients.”
“Ravinder has been instrumental in developing our India onshore wealth management franchise,” added Mr Samir Bimal. “His understanding of the wealth management business, familiarity with the strengths of the BNP Paribas group and our target client pool will contribute significantly to our growth ambitions in India. I look forward to the business continuing to bring bespoke solutions to our clients and building our team in the territory.”
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Press Contacts:
Manisha Khosla Sinha +91 22 61965301 manisha.khoslasinha@asia.bnpparibas.com
Andrew Achimu +852 2108 5457 andrew.achimu@uk.bnpparibas.com
About BNP Paribas Wealth Management (wealthmanagement.bnpparibas/Asia)
BNP Paribas Wealth Management is a leading global private bank and the largest private bank in the Eurozone. Present in three hubs in Europe, Asia and the US, over 7,000 professionals provide a private investor clientele with solutions for growing and transferring their wealth by creating long-term value for them, their family and the society in general. The bank has €377 billion worth of assets under management (as at 30 March 2019).
About BNP Paribas in Asia Pacific (www.apac.bnpparibas.com)
In Asia Pacific, BNP Paribas is one of the best-positioned international financial institutions with an uninterrupted presence since 1860. Currently with over 17,000 employees* and a presence in 13 markets, BNP Paribas provides corporates, institutional and private investors with product and service solutions tailored to their specific needs. It offers a wide range of financial services covering corporate & institutional banking, wealth management, asset management, insurance, as well as retail banking and consumer financing through strategic partnerships.
Worldwide, BNP Paribas has a presence in 73 countries with more than 196,000 employees. It has key positions in its three main activities: Domestic Markets and International Financial Services (whose retail-banking networks and financial services are covered by Retail Banking & Services) and Corporate & Institutional Banking, which serves two client franchises: corporate clients and institutional investors. Asia Pacific is a key strategic region for BNP Paribas and it continues to develop its franchise in the region.
* excluding partnerships