2014-02-10 20:36:01 -
Casablanca Finance City (CFC) is pleased to announce that it has granted CFC status to BNP Paribas Regional Investment Company, part of BNP Paribas group. This allows the bank to use the Moroccan financial centre as a regional base.
Under the CFC status, BNP Paribas Regional Investment Company will enjoy substantial advantages, including integration into Morocco’s financial landscape.
Mr. Jean -Christophe Durand CEO, BNP Paribas Corporate and Investment Banking (CIB), Middle East and Africa, commented.
“We are delighted that Casablanca Finance City (CFC) has granted BNP Paribas CFC Status. This is a strategic step for Corporate Investment Banking in the Middle East and Africa Region, and supports the bank’s ambition to increase its African footprint. We have commitment to proximity with our clients
and believe in having an on the ground presence, this will be reinforced with the BNP Paribas Regional investment Company incorporated in Casablanca under the CFC status.
“The new regional office will complement the bank’s existing strong presence by offering a range of Investment Banking services comprising of: Corporate Finance advisory and Equity capital markets, Fixed Income derivatives and debt capital markets, Equities and Commodities derivatives, Project finance advisory and structured financing. The Corporate and Investment Banking team will work to meet the needs of Strategic Corporates, Financial Institutions and Official Sovereign clients,” Said Ibrahimi, CEO of Casablanca Finance City, said. "The establishment of BNP Paribas, one of the largest banks in the world, through its subsidiary BNP Paribas Regional Investment Company, is a strong indicator of the relevance of Morocco as a regional economic and financial hub and demonstrates the growing interest of the first international financial institutions for this platform dedicated to Africa."
More than thirty financial institutions and multinational groups already obtained the CFC status and rely on the Moroccan financial sector to increase the development of their activity in the region.
Casablanca Finance City Authority (CFCA), formerly Moroccan Financial Board, is a public-private partnership dedicated to positioning Casablanca as an international financial center, and a premier gateway into African markets for financial institutions, regional headquarters of multinational corporations, and professional services firms. CFCA is empowered by law with the overall management and promotion of Casablanca Finance City.
Additional information about CFC can be found at www.casablancafinancecity.com : cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww ..
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Contact presse :Fatim-Zahra Saadani, +212 (0) 5 20 30 03