BNP Paribas to expand in London corporate finance

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BNP Paribas has restated its commitment to adding staff in its London office, this time in corporate finance.

According to an article in The Times today, the French bank is planning to increase its London corporate finance team by 40%. The paper quotes Thierry Varene, global head of corporate finance at the bank, as saying the boost would help it to win more UK business. "Britain is the largest market in Europe and we want to strengthen our UK team," he said.

In the first two months of 2006, BNP Paribas rose from 49th to third place in the Thomson Financial European M&A league tables.

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