Best Companies 2011: UBS

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Wednesday, September 21, 2011

Global 500

1 2 Petrochina China Oil & gas producers 1.2 353,140.1
2 1 Exxon Mobil US Oil & gas producers 68.2 323,717.1
3 4 Microsoft US Software & computer services 30.5 270,635.4
4 3 Indl & Coml Bank of China China Banks 0.8 268,956.2
5 7 Wal-Mart Stores US General retailers 53.5 203,653.6
6 9 China Construction Bank China Banks 0.9 201,436.1
7 13 BHP Billiton Australia/UK Mining 38.8 201,248.0
8 5 HSBC UK Banks 11.5 199,254.9
9 8 Petrobras Brazil Oil & gas producers 23.9 199,107.9
10 16 Apple US Technology hardware & equipment 210.7 189,801.7
11 6 China Mobile Hong Kong Mobile telecommunications 9.4 188,472.8
12 10 Royal Dutch Shell UK Oil & gas producers 30.4 186,618.0
13 17 BP UK Oil & gas producers 9.7 181,805.8
14 15 Johnson & Johnson US Pharmaceuticals & biotechnology 64.4 177,713.5
15 21 Nestle Switzerland Food producers 48.6 177,253.1
16 14 Procter & Gamble US Household goods & home construction 60.6 177,144.6
17 19 IBM US Software & computer services 130.9 171,950.6
18 12 JP Morgan Chase US Banks 41.7 171,052.4
19 18 AT&T US Fixed line telecommunications 28.0 165,404.9
20 11 General Electric US General industrials 15.1 161,096.5
21 33 Sinopec China Oil & gas producers 0.9 159,262.6
22 24 Chevron US Oil & gas producers 77.0 154,462.4
23 23 Bank of China China Banks 0.5 153,957.1
24 20 Berkshire Hathaway US Nonlife insurance 99,200.0 153,624.2
25 27 Total France Oil & gas producers 64.6 151,544.4
26 36 Google US Software & computer services 620.0 150,654.7
27 26 Roche Holding Switzerland Pharmaceuticals & biotechnology 170.1 147,497.0
28 41 Pﬁzer US Pharmaceuticals & biotechnology 18.2 146,784.7
Page 1Global 500 December 2009
Global rank
December
2009
Global Rank
September
2009 Company Country Sector Price ($)
Market
value ($m)
29 30 Novartis Switzerland Pharmaceuticals & biotechnology 54.7 144,164.5
30 28 Toyota Motor Japan Automobiles & parts 41.7 143,704.8
31 37 Vale Brazil Industrial metals & mining 28.4 143,523.5
32 25 Gazprom Russia Oil & gas producers 6.0 142,985.1
33 31 Wells Fargo & Co US Banks 27.0 137,995.1
34 29 Cisco Systems US Technology hardware & equipment 23.9 137,716.8
35 32 Banco Santander Spain Banks 16.6 136,631.1
36 39 China Life Insurance China Life insurance 4.9 133,462.1
37 35 Coca Cola US Beverages 57.0 132,079.3
38 22 Bank of America US Banks 15.1 130,280.3
39 34 Telefonica Spain Fixed line telecommunications 28.0 127,817.3
40 50 Rio Tinto Australia/UK Mining 54.7 124,297.1
41 46 Oracle US Software & computer services 24.5 122,925.2
42 38 Vodafone Group UK Mobile telecommunications 2.3 122,078.3
43 40 Hewlett-Packard US Technology hardware & equipment 51.5 121,778.3
44 44 Intel US Technology hardware & equipment 20.4 112,648.7
45 133 Merck US Pharmaceuticals & biotechnology 36.5 111,610.4
46 42 Samsung Electronics South Korea Technology hardware & equipment 686.2 111,363.2
47 47 GlaxoSmithKline UK Pharmaceuticals & biotechnology 21.3 110,575.1
48 45 EDF France Electricity 59.6 110,241.6
49 51 Sanoﬁ-Aventis France Pharmaceuticals & biotechnology 79.0 103,993.6
50 49 ENI Italy Oil & gas producers 25.5 102,288.3
51 56 China Shenhua Energy China Mining 4.9 100,764.8
52 48 GDF Suez France Gas, water & multiutilities 43.5 98,209.1
53 52 BNP Paribas France Banks 80.2 94,969.7
54 55 PepsiCo US Beverages 60.8 94,875.0
55 43 Citigroup US Banks 3.3 94,155.2
56 57 Verizon Communications US Fixed line telecommunications 33.1 94,110.6
57 53 Philip Morris International US Tobacco 48.2 91,786.7
58 62 Unilever Netherlands/UK Food producers 32.6 91,449.6
59 61 Itau Unibanco Brazil Banks 22.2 90,038.9
60 63 Rosneft Russia Oil & gas producers 8.3 88,121.4
Page 2Global 500 December 2009
Global rank
December
2009
Global Rank
September
2009 Company Country Sector Price ($)
Market
value ($m)
61 54 Goldman Sachs US Financial services 168.8 86,797.6
62 60 Siemens Germany General industrials 92.1 84,219.0
63 59 E On Germany Gas, water & multiutilities 41.9 83,915.2
64 68 Anheuser-Busch Inbev Belgium Beverages 52.2 83,721.3
65 64 Abbott Laboratories US Pharmaceuticals & biotechnology 54.0 83,508.4
66 70 Statoil Norway Oil & gas producers 25.1 79,925.9
67 69 Schlumberger US Oil equipment & services 65.1 78,157.8
68 66 Qualcomm US Technology hardware & equipment 46.3 77,268.6
69 58 Reliance Industries India Oil & gas producers 23.4 76,939.9
70 65 Royal Bank Canada Canada Banks 53.8 76,429.3
71 75 ConocoPhillips US Oil & gas producers 51.1 75,772.3
72 73 Commonwealth Bank of Australia Australia Banks 49.3 75,682.1
73 98 ArcelorMittal Netherlands Industrial metals & mining 46.2 72,065.9
74 91 CNOOC Hong Kong Oil & gas producers 1.6 70,281.0
75 86 Mitsubishi UFJ Financial Japan Banks 4.9 68,694.1
76 77 BBV Argentaria Spain Banks 18.3 68,452.4
77 82 AstraZeneca UK Pharmaceuticals & biotechnology 47.0 68,150.8
78 74 Westpac Banking Australia Banks 22.8 67,648.2
79 88 McDonald's US Travel & leisure 62.4 67,384.4
80 96 L'Oreal France Personal goods 111.9 66,970.6
81 84 Saudi Basic Industries Saudi Arabia Chemicals 22.0 66,586.6
82 100 Bayer Germany Chemicals 80.3 66,392.7
83 71 France Telecom France Fixed line telecommunications 25.0 66,233.4
84 85 Occidental Petroleum US Oil & gas producers 81.4 66,029.1
85 99 United Technologies US Aerospace & defence 69.4 65,074.6
86 87 British American Tobacco UK Tobacco 32.6 65,009.7
87 95 Deutsche Telekom Germany Mobile telecommunications 14.8 64,387.0
88 92 Bank of Communications China Banks 1.2 62,312.7
89 141 Sberbank of Russia Russia Banks 2.8 61,845.3
90 67 Nippon Telegraph & Telephone Japan Fixed line telecommunications 39.2 61,716.9
91 102 Honda Motor Japan Automobiles & parts 33.4 61,295.6
92 72 NTT DoCoMo Japan Mobile telecommunications 1,392.1 61,183.9
Page 3Global 500 December 2009
Global rank
December
2009
Global Rank
September
2009 Company Country Sector Price ($)
Market
value ($m)
93 97 BG Group UK Oil & gas producers 18.1 61,099.5
94 105 Ping An Insurance China Life insurance 8.8 61,061.7
95 120 Walt Disney US Media 32.3 60,146.6
96 78 Credit Suisse Group Switzerland Banks 49.5 58,682.4
97 118 3M US General industrials 82.7 58,526.9
98 107 Bradesco Brazil Banks 20.9 58,440.6
99 155 Amazon.Com US General retailers 134.5 58,244.8
100 93 SAP Germany Software & computer services 47.3 58,038.2
101 147 Anglo American UK Mining 43.8 57,634.2
102 125 Basf Germany Chemicals 62.4 57,269.6
103 89 Amgen US Pharmaceuticals & biotechnology 56.6 57,256.6
104 103 Allianz Germany Nonlife insurance 125.0 56,753.5
105 106 Intesa Sanpaolo Italy Banks 4.5 56,688.5
106 113 Daimler Germany Automobiles & parts 53.4 56,670.8
107 79 Unicredit Italy Banks 3.4 56,410.9
108 130 Ambev Brazil Beverages 100.1 56,394.3
109 111 Canon Japan Technology hardware & equipment 42.0 56,018.1
110 110 Suncor Energy Canada Oil & gas producers 35.5 55,350.5
111 81 UBS Switzerland Banks 15.5 55,244.4
112 123 LVMH France Personal goods 112.5 55,120.6
113 121 Tesco UK Food & drug retailers 6.9 54,928.4
114 94 Enel Italy Electricity 5.8 54,605.3
115 116 RWE Germany Gas, water & multiutilities 97.5 54,519.0
116 104 Axa France Nonlife insurance 23.7 54,340.0
117 114 Oil & Natural Gas India Oil & gas producers 25.3 54,123.2
118 108 Toronto-Dominion Bank Canada Banks 62.9 54,107.1
119 143 Xstrata UK Mining 18.1 53,203.3
120 Santander Brasil Brazil Banks 13.7 52,803.3
121 115 Taiwan Semiconductor Manufacturing Taiwan Technology hardware & equipment 2.0 52,232.7
122 138 Lloyds Banking Group UK Banks 0.8 52,203.7
123 101 National Australia Bank Australia Banks 24.6 52,203.2
124 112 ANZ Banking Australia Banks 20.6 52,119.3
Page 4Global 500 December 2009
Global rank
December
2009
Global Rank
September
2009 Company Country Sector Price ($)
Market
value ($m)
125 135 Teva Pharmaceutical Israel Pharmaceuticals & biotechnology 56.3 52,013.9
126 124 Societe Generale France Banks 70.2 51,956.0
127 122 Standard Chartered UK Banks 25.4 51,451.8
128 80 Barclays UK Banks 4.5 50,861.1
129 148 China Merchants Bank China Banks 2.6 50,482.7
130 119 Iberdrola Spain Electricity 9.6 50,262.3
131 137 Home Depot US General retailers 28.9 49,192.8
132 150 Alcon US Health care equipment & services 164.4 49,082.8
133 152 Medtronic US Health care equipment & services 44.0 48,582.5
134 136 AMX Mexico Mobile telecommunications 2.4 48,501.3
135 154 American Express US Financial services 40.5 48,185.1
136 132 Bank of Nova Scotia Canada Banks 47.0 48,120.2
137 109 Nokia Finland Technology hardware & equipment 12.8 47,926.6
138 134 Lukoil Russia Oil & gas producers 55.9 47,531.7
139 128 Comcast US Media 16.9 47,305.0
140 165 SabMiller UK Beverages 29.5 46,446.8
141 176 Posco South Korea Industrial metals & mining 530.7 46,271.0
142 117 CVS Caremark US Food & drug retailers 32.2 45,433.6
143 131 ABB Switzerland Industrial engineering 19.3 44,814.6
144 144 Monsanto US Food producers 81.8 44,579.2
145 129 Deutsche Bank Germany Banks 70.9 44,021.1
146 161 Diageo UK Beverages 17.5 43,828.0
147 240 Blackrock US Financial services 232.2 43,824.3
148 139 Banco Brasil Brazil Banks 17.0 43,755.9
149 140 Bristol Myers Squibb US Pharmaceuticals & biotechnology 25.3 43,220.3
150 149 US Bancorp US Banks 22.5 43,048.6
151 220 China Citic Bank China Banks 0.9 42,708.4
152 90 Volkswagen Germany Automobiles & parts 110.5 42,506.6
153 156 Generali Italy Nonlife insurance 27.0 42,037.4
154 188 Mitsubishi Japan Support services 24.8 41,998.8
155 173 NTPC India Electricity 5.1 41,763.3
156 153 Nordea Bank Sweden Banks 10.2 41,147.9
Page 5Global 500 December 2009
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December
2009
Global Rank
September
2009 Company Country Sector Price ($)
Market
value ($m)
157 126 Credit Agricole France Banks 17.7 41,133.2
158 166 Eli Lilly US Pharmaceuticals & biotechnology 35.7 41,031.6
159 163 Colgate-Palmolive US Personal goods 82.2 40,844.2
160 170 Altria Group US Tobacco 19.6 40,677.5
161 151 Hennes & Mauritz Sweden General retailers 55.7 40,648.8
162 187 Hon Hai Precision Industry Taiwan Electronic & electrical equipment 4.7 40,634.9
163 157 United Parcel Service US Industrial transportation 57.4 40,516.2
164 207 Visa US Financial services 87.5 40,242.7
165 146 Morgan Stanley US Financial services 29.6 40,239.2
166 160 Kraft Foods US Food producers 27.2 40,113.2
167 159 Danone France Food producers 61.4 39,756.8
168 231 Tencent Holdings Hong Kong Software & computer services 21.7 39,525.4
169 216 Nissan Motor Japan Automobiles & parts 8.7 39,333.7
170 158 Boeing US Aerospace & defence 54.1 39,330.8
171 174 Canadian Natural Resources Canada Oil & gas producers 72.5 39,314.3
172 184 Reckitt Benckiser UK Household goods & home construction 54.2 39,015.9
173 145 Gilead Sciences US Pharmaceuticals & biotechnology 43.3 38,939.7
174 169 Barrick Gold Canada Mining 39.6 38,881.4
175 179 Inditex Spain General retailers 62.3 38,803.7
176 167 Sun Hung Kai Properties Hong Kong Real estate investment & services 15.0 38,461.3
177 177 Telstra Australia Fixed line telecommunications 3.1 38,383.4
178 171 ING Netherlands Life insurance 9.9 37,921.2
179 162 Research In Motion Canada Technology hardware & equipment 67.8 37,732.6
180 238 Walmex Mexico General retailers 4.5 37,663.4
181 198 News Corp US Media 13.7 37,648.7
182 164 Vivendi France Media 29.8 36,661.6
183 182 Target US General retailers 48.4 36,389.4
184 168 Walgreen US Food & drug retailers 36.7 36,271.5
185 186 EMC US Technology hardware & equipment 17.5 35,635.7
186 206 Caterpillar US Industrial engineering 57.0 35,489.2
187 239 Unitedhealth US Health care equipment & services 30.5 35,418.3
188 190 Baxter International US Health care equipment & services 58.7 35,375.9
Page 6Global 500 December 2009
Global rank
December
2009
Global Rank
September
2009 Company Country Sector Price ($)
Market
value ($m)
189 194 Surgutneftegas Russia Oil & gas producers 0.9 35,316.5
190 172 Singapore Telecom Singapore Fixed line telecommunications 2.2 35,287.9
191 175 Panasonic Japan Leisure goods 14.2 34,913.7
192 212 Apache US Oil & gas producers 103.2 34,683.1
193 247 Freeport-McMoran Copper & Gold US Industrial metals & mining 80.3 34,514.9
194 210 Lowe's Companies US General retailers 23.4 34,430.9
195 191 Time Warner US Media 29.1 34,023.2
196 204 Carrefour France Food & drug retailers 48.1 33,940.3
197 180 Tokyo Electric Power Japan Electricity 25.1 33,932.4
198 178 Nintendo Japan Leisure goods 238.4 33,768.0
199 185 Bank of New York Mellon US Financial services 28.0 33,682.7
200 189 Japan Tobacco Japan Tobacco 3,362.2 33,621.5
201 257 Burlington Northern Santa Fe US Industrial transportation 98.6 33,573.7
202 202 Imperial Oil Canada Oil & gas producers 38.8 32,873.5
203 203 Novo Nordisk Denmark Pharmaceuticals & biotechnology 64.0 32,808.8
204 195 Repsol YPF Spain Oil & gas producers 26.9 32,798.5
205 224 Texas Instruments US Technology hardware & equipment 26.1 32,649.9
206 225 Devon Energy US Oil & gas producers 73.5 32,641.4
207 233 TeliaSonera Sweden Mobile telecommunications 7.3 32,608.9
208 258 Wesfarmers Australia General retailers 28.1 32,530.4
209 197 Takeda Pharmaceutical Japan Pharmaceuticals & biotechnology 41.1 32,487.4
210 315 Ford Motor US Automobiles & parts 10.0 32,362.5
211 192 Manulife Financial Canada Life insurance 18.4 32,348.3
212 China Paciﬁc Insurance China Life insurance 4.0 32,341.9
213 183 Zurich Financial Services Switzerland Nonlife insurance 219.1 32,296.3
214 261 Potash Corporation of Saskatchewan Canada Chemicals 109.1 32,291.1
215 232 Union Paciﬁc US Industrial transportation 63.9 32,240.7
216 200 Exelon US Electricity 48.9 32,223.8
217 235 Imperial Tobacco UK Tobacco 31.7 32,172.1
218 255 Infosys Technologies India Software & computer services 56.0 32,096.7
219 219 Emerson Electric US Electronic & electrical equipment 42.6 32,047.0
220 259 DirecTV US Media 33.4 31,911.2
Page 7Global 500 December 2009
Global rank
December
2009
Global Rank
September
2009 Company Country Sector Price ($)
Market
value ($m)
221 201 Woodside Petroleum Australia Oil & gas producers 42.4 31,777.0
222 284 Ogx Petroleo Brazil Oil & gas producers 9.8 31,704.5
223 227 Dow Chemical US Chemicals 27.6 31,601.2
224 276 Tata Consultancy Services India Software & computer services 16.1 31,533.8
225 222 Air Liquide France Chemicals 119.1 31,479.1
226 193 China Unicom (Hong Kong) Hong Kong Mobile telecommunications 1.3 31,237.6
227 205 Woolworths Australia Food & drug retailers 25.2 31,224.5
228 262 Itausa Brazil Financial services 6.8 31,165.1
229 242 State Bank of India India Banks 48.8 30,962.2
230 208 Munich Re Germany Nonlife insurance 155.9 30,776.8
231 289 Citic Securities China Financial services 4.7 30,738.8
232 265 Schneider Electric France Electronic & electrical equipment 117.3 30,733.0
233 214 Anadarko Petroleum US Oil & gas producers 62.4 30,680.1
234 266 Medco Health Solutions US Health care equipment & services 63.9 30,470.0
235 229 A P Moller - Maersk Denmark Industrial transportation 7,057.1 30,469.4
236 241 E I Du Pont de Nemours US Chemicals 33.7 30,428.6
237 217 Ebay US General retailers 23.5 30,423.4
238 199 Ericsson Sweden Technology hardware & equipment 9.2 30,178.7
239 295 Corning US Technology hardware & equipment 19.3 30,048.2
240 234 Cheung Kong Holdings Hong Kong Real estate investment & services 12.9 29,959.9
241 250 Honeywell International US General industrials 39.2 29,911.3
242 283 Industrial Bank China Banks 5.9 29,522.4
243 237 Vinci (Ex Sge) France Construction & materials 56.6 29,473.9
244 230 MTN Group South Africa Mobile telecommunications 16.0 29,468.6
245 253 Bank of Montreal Canada Banks 53.3 29,391.8
246 213 Hutchison Whampoa Hong Kong General industrials 6.9 29,360.6
247 244 Wilmar International Singapore Food producers 4.6 29,265.9
248 215 BMW Germany Automobiles & parts 45.6 29,191.2
249 209 Metlife US Life insurance 35.4 28,944.2
250 236 Goldcorp Canada Mining 39.4 28,924.4
251 181 Sumitomo Mitsui Financial Japan Banks 28.4 28,915.0
252 300 Philips Electronics Netherlands Leisure goods 29.7 28,851.3
Page 8Global 500 December 2009
Global rank
December
2009
Global Rank
September
2009 Company Country Sector Price ($)
Market
value ($m)
253 228 Sony Japan Leisure goods 28.7 28,810.4
254 221 Lockheed Martin US Aerospace & defence 75.4 28,692.0
255 223 Al Rajhi Bank Saudi Arabia Banks 19.0 28,294.3
256 254 Hang Seng Bank Hong Kong Banks 14.8 28,280.4
257 326 Mastercard US Financial services 256.0 28,099.9
258 226 Dell US Technology hardware & equipment 14.4 28,097.6
259 272 Shanghai Pudong Development Bank China Banks 3.2 28,053.8
260 264 Saint Gobain France Construction & materials 54.6 28,015.9
261 267 Southern Copper US Industrial metals & mining 32.9 27,973.5
262 252 KPN Netherlands Fixed line telecommunications 17.0 27,669.4
263 211 Telecom Italia Italy Fixed line telecommunications 1.6 27,570.1
264 281 Nippon Steel Japan Industrial metals & mining 4.0 27,419.5
265 249 Travelers Cos. US Nonlife insurance 49.9 27,242.2
266 431 Nomura Japan Financial services 7.3 27,205.8
267 218 Mizuho Financial Group Japan Banks 1.8 27,143.7
268 248 Carnival US/UK Travel & leisure 31.7 27,141.6
269 286 Halliburton US Oil equipment & services 30.1 27,139.0
270 290 XTO Energy US Oil & gas producers 46.5 27,003.1
271 297 National Grid UK Gas, water & multiutilities 11.0 26,982.3
272 251 Thomson Reuters Canada Media 32.4 26,860.3
273 196 Bharti Airtel India Mobile telecommunications 7.1 26,827.9
274 319 Wellpoint US Health care equipment & services 58.3 26,717.0
275 292 Norilsk Nickel Russia Industrial metals & mining 140.0 26,695.0
276 275 Southern US Electricity 33.3 26,663.0
277 331 Syngenta Switzerland Chemicals 281.2 26,603.1
278 256 Transocean US Oil equipment & services 82.8 26,590.8
279 127 Royal Bank of Scotland UK Banks 0.5 26,580.2
280 336 Mosaic US Chemicals 59.7 26,576.2
281 287 Kimberly-Clark US Personal goods 63.7 26,463.8
282 268 Denso Japan Automobiles & parts 29.9 26,400.0
283 282 General Dynamics US Aerospace & defence 68.2 26,300.1
284 311 Accenture US Support services 41.5 26,245.6
Page 9Global 500 December 2009
Global rank
December
2009
Global Rank
September
2009 Company Country Sector Price ($)
Market
value ($m)
285 288 Prudential UK Life insurance 10.3 26,168.0
286 301 Fedex US Industrial transportation 83.5 26,112.8
287 246 Westﬁeld Group Australia Real Estate Investment Trusts 11.3 26,026.3
288 285 Costco Wholesale US General retailers 59.2 25,994.9
289 274 Nike US Personal goods 66.1 25,880.2
290 296 Sasol South Africa Oil & gas producers 40.5 25,837.0
291 291 Mitsui Japan Support services 14.1 25,758.8
292 309 Canadian National Railway Canada Industrial transportation 54.7 25,748.3
293 350 China Coal Energy China Mining 1.8 25,746.4
294 387 China Minsheng Banking China Banks 1.1 25,676.6
295 346 Anglo Platinum South Africa Mining 107.6 25,639.4
296 270 Celgene US Pharmaceuticals & biotechnology 55.7 25,590.6
297 321 Holcim Switzerland Construction & materials 77.9 25,471.6
298 345 Tenaris Argentina Industrial metals & mining 21.5 25,439.8
299 299 Bharat Heavy Electronics India Industrial engineering 51.7 25,310.7
300 245 CEZ Czech Republic Electricity 47.0 25,256.7
301 294 Softbank Japan Mobile telecommunications 23.3 25,232.2
302 243 East Japan Railway Japan Travel & leisure 63.1 25,221.5
303 334 DBS Group Holdings Singapore Banks 11.0 25,036.0
304 304 CIBC Canada Banks 65.0 24,966.0
305 342 Eog Resources US Oil & gas producers 97.3 24,869.6
306 277 Praxair US Chemicals 80.3 24,839.3
307 446 Baoshan Iron & Steel China Industrial metals & mining 1.4 24,778.9
308 324 Aluminum Corp.of China China Industrial metals & mining 1.1 24,654.9
309 279 Formosa Petrochemical Taiwan Oil & gas producers 2.6 24,540.8
310 142 Encana Canada Oil & gas producers 32.5 24,411.2
311 293 Husky Energy Canada Oil & gas producers 28.7 24,384.5
312 320 PNC Financial Services US Banks 52.8 24,351.5
313 263 Shin-Etsu Chemical Japan Chemicals 56.2 24,275.4
314 308 Siderurgica Nacional Brazil Industrial metals & mining 32.1 24,260.1
315 302 Great West Lifeco Canada Life insurance 25.6 24,222.4
316 313 Fortum Finland Electricity 27.2 24,178.2
Page 10Global 500 December 2009
Global rank
December
2009
Global Rank
September
2009 Company Country Sector Price ($)
Market
value ($m)
317 333 Danaher US Electronic & electrical equipment 75.2 24,156.9
318 306 Franklin Resources US Financial services 105.4 24,151.5
319 340 JFE Holdings Japan Industrial metals & mining 39.2 24,090.4
320 330 Covidien US Health care equipment & services 47.9 24,062.4
321 337 Illinois Tool Works US Industrial engineering 48.0 24,038.7
322 305 Boc Hong Kong Hong Kong Banks 2.3 23,997.8
323 VTB Bank Russia Banks 0.0 23,948.4
324 271 Lafarge France Construction & materials 82.9 23,758.2
325 273 KDDI Japan Mobile telecommunications 5,295.7 23,750.1
326 338 Express Scripts US Health care equipment & services 86.4 23,741.3
327 339 Transcanada Canada Oil equipment & services 34.5 23,606.5
328 335 QBE Insurance Group Australia Nonlife insurance 23.0 23,591.0
329 260 Saudi Telecom Saudi Arabia Fixed line telecommunications 11.8 23,568.6
330 278 Yahoo US Software & computer services 16.8 23,509.7
331 316 Deutsche Post Germany Industrial transportation 19.3 23,391.0
332 318 Heineken Netherlands Beverages 47.7 23,384.4
333 343 General Mills US Food producers 70.8 23,334.5
334 351 Centrica UK Gas, water & multiutilities 4.5 23,290.4
335 378 Telenor Norway Mobile telecommunications 14.0 23,260.6
336 322 Toshiba Japan General industrials 5.5 23,260.2
337 353 Dominion Resources US Electricity 38.9 23,244.6
338 341 Newmont Mining US Mining 47.3 23,189.9
339 435 Eletrobras Brazil Electricity 20.9 23,000.8
340 310 Prudential Financial US Life insurance 49.8 22,989.1
341 348 Hyundai Motor South Korea Automobiles & parts 103.9 22,888.8
342 398 Deere US Industrial engineering 54.1 22,860.5
343 354 Pernod-Ricard France Beverages 86.0 22,681.2
344 370 Simon Property Group US Real Estate Investment Trusts 79.8 22,639.9
345 312 Kweichow Moutai China Beverages 24.9 22,633.4
346 356 Duke Energy US Gas, water & multiutilities 17.2 22,452.3
347 355 CME Group US Financial services 336.0 22,347.7
348 332 Fanuc Japan Industrial engineering 92.7 22,202.6
Page 11Global 500 December 2009
Global rank
December
2009
Global Rank
September
2009 Company Country Sector Price ($)
Market
value ($m)
349 317 Marathon Oil US Oil & gas producers 31.2 22,098.9
350 327 Mitsubishi Estate Japan Real estate investment & services 15.9 22,074.3
351 298 Emirates Telecom. UAE Fixed line telecommunications 3.0 22,013.4
352 418 Gerdau Brazil Industrial metals & mining 12.7 21,939.1
353 323 Charles Schwab US Financial services 18.8 21,871.3
354 303 Tokio Marine Holdings Japan Nonlife insurance 27.2 21,864.2
355 314 FPL Group US Electricity 52.8 21,833.0
356 352 Larsen & Toubro India Construction & materials 36.1 21,663.2
357 360 Aﬂac US Life insurance 46.3 21,640.3
358 366 Automatic Data Processing US Support services 42.8 21,608.3
359 361 Standard Bank South Africa Banks 13.9 21,584.4
360 269 State Street US Financial services 43.5 21,537.7
361 389 Wipro India Software & computer services 14.6 21,420.7
362 399 United Overseas Bank Singapore Banks 14.0 21,386.8
363 Steel Authority Of India India Industrial metals & mining 5.2 21,359.8
364 307 Kansai Electric Power Japan Electricity 22.6 21,347.1
365 382 BCE Canada Fixed line telecommunications 27.7 21,221.5
366 411 Oversea-Chinese Bkg. Singapore Banks 6.5 21,033.6
367 347 ICICI Bank India Banks 18.8 20,965.8
368 439 Henkel Germany Household goods & home construction 44.7 20,922.6
369 358 Power Financial Canada Life insurance 29.7 20,922.1
370 325 PTT Thailand Oil & gas producers 7.4 20,909.1
371 384 Komatsu Japan Industrial engineering 20.8 20,748.4
372 460 Teck Resources Canada Industrial metals & mining 35.1 20,689.7
373 365 Bae Systems UK Aerospace & defence 5.8 20,554.7
374 395 ITC India Tobacco 5.4 20,458.9
375 394 Linde Germany Chemicals 120.7 20,344.7
376 344 Alstom France Industrial engineering 70.4 20,343.8
377 403 Telekomunikasi Indonesia Indonesia Fixed line telecommunications 1.0 20,278.0
378 383 Kellogg US Food producers 53.2 20,185.4
379 349 Iberdrola Renovables Spain Electricity 4.8 20,120.3
380 390 Unibail-Rodamco France Real Estate Investment Trusts 220.5 20,118.5
Page 12Global 500 December 2009
Global rank
December
2009
Global Rank
September
2009 Company Country Sector Price ($)
Market
value ($m)
381 385 Archer Daniels Midland US Food producers 31.3 20,112.1
382 401 Stryker US Health care equipment & services 50.4 20,034.1
383 357 Gas Natural SDG Spain Gas, water & multiutilities 21.6 19,949.3
384 Fast Retailing Japan General retailers 187.7 19,905.5
385 376 Chunghwa Telecom Taiwan Fixed line telecommunications 1.9 19,842.3
386 388 Swisscom Switzerland Fixed line telecommunications 382.7 19,824.4
387 362 KB Financial Group South Korea Banks 51.3 19,807.4
388 363 MTR Hong Kong Travel & leisure 3.5 19,796.6
389 423 Hess US Oil & gas producers 60.5 19,787.8
390 386 Raytheon US Aerospace & defence 51.5 19,743.3
391 407 Christian Dior France Personal goods 103.0 19,562.3
392 444 Copec Chile Oil & gas producers 15.0 19,534.6
393 412 ThyssenKrupp Germany General industrials 37.9 19,487.0
394 409 Thermo Fisher Scientiﬁc US Health care equipment & services 47.7 19,472.5
395 391 Metro Germany General retailers 61.5 19,436.6
396 371 Hong Kong Exchanges & Clearing Hong Kong Financial services 18.0 19,347.4
397 470 Norfolk Southern US Industrial transportation 52.4 19,285.0
398 429 Adobe Systems US Software & computer services 36.8 19,263.9
399 375 Jardine Matheson Singapore General industrials 30.2 19,256.7
400 425 Allergan US Pharmaceuticals & biotechnology 63.0 19,151.4
401 413 Talisman Energy Canada Oil & gas producers 18.8 19,136.9
402 400 China Railway Group China Construction & materials 0.8 19,050.4
403 453 CSX US Industrial transportation 48.5 19,035.2
404 377 CRH Ireland Construction & materials 27.3 19,034.8
405 402 Eurasian Natural Resources UK Mining 14.8 19,027.6
406 397 Mediatek Taiwan Technology hardware & equipment 17.5 19,017.8
407 Cenovus Energy Canada Oil & gas producers 25.3 18,990.3
408 434 Reed Elsevier Netherlands/UK Media 8.3 18,949.9
409 427 Akbank Turkey Banks 6.3 18,913.5
410 420 Rogers Communications Canada Mobile telecommunications 31.2 18,864.7
411 372 Korea Electric Power South Korea Electricity 29.3 18,787.4
412 447 China Cosco China Industrial transportation 1.2 18,724.7
Page 13Global 500 December 2009
Global rank
December
2009
Global Rank
September
2009 Company Country Sector Price ($)
Market
value ($m)
413 440 Zijin Mining Group China Mining 1.0 18,709.9
414 443 Becton Dickinson US Health care equipment & services 78.9 18,684.1
415 408 Applied Materials US Technology hardware & equipment 13.9 18,592.0
416 379 Chubu Electric Power Japan Electricity 23.9 18,576.6
417 424 Bouygues France Construction & materials 52.3 18,495.4
418 328 Seven & I Holding Japan General retailers 20.4 18,470.6
419 404 National Oilwell Varco US Oil equipment & services 44.1 18,444.5
420 493 Johnson Controls US Automobiles & parts 27.2 18,286.6
421 373 Volvo Sweden Industrial engineering 8.6 18,275.2
422 Novolipetsk Steel Russia Industrial metals & mining 3.0 18,157.5
423 438 Viacom US Media 29.7 18,138.8
424 461 Cathay Financial Taiwan Life insurance 1.9 18,050.7
425 367 Motorola US Technology hardware & equipment 7.8 17,932.9
426 442 Swiss Re Switzerland Nonlife insurance 48.3 17,898.1
427 Grupo Mexico Mexico Industrial metals & mining 2.3 17,895.1
428 469 Svenska Handelsbanken Sweden Banks 28.6 17,827.4
429 441 Staples US General retailers 24.6 17,800.6
430 473 TKI Garanti Bankasi Turkey Banks 4.2 17,792.7
431 428 Snam Rete Gas Italy Gas, water & multiutilities 5.0 17,776.9
432 368 Aviva UK Life insurance 6.4 17,776.8
433 359 Inpex Japan Oil & gas producers 7,529.9 17,758.6
434 488 DnB Nor Norway Banks 10.9 17,692.7
435 369 Astellas Pharma Japan Pharmaceuticals & biotechnology 37.2 17,689.8
436 419 Cadbury UK Food producers 12.9 17,685.3
437 487 Fiat Italy Automobiles & parts 14.7 17,673.3
438 380 Shinhan Financial Group South Korea Banks 37.1 17,592.0
439 436 Swire Paciﬁc Hong Kong General industrials 12.1 17,544.7
440 Richemont Switzerland Personal goods 33.6 17,537.7
441 449 Northrop Grumman US Aerospace & defence 55.9 17,523.0
442 494 Atlas Copco Sweden Industrial engineering 14.8 17,486.4
443 Enbridge Canada Oil equipment & services 46.4 17,475.8
444 416 BB&T US Banks 25.4 17,444.8
Page 14Global 500 December 2009
Global rank
December
2009
Global Rank
September
2009 Company Country Sector Price ($)
Market
value ($m)
445 Impala Platinum South Africa Mining 27.6 17,410.2
446 364 Yahoo Japan Japan Software & computer services 299.1 17,378.5
447 American Tower US Technology hardware & equipment 43.2 17,346.7
448 430 Scottish & Southern Energy UK Electricity 18.8 17,305.8
449 414 China Overseas Land & Inv Hong Kong Real estate investment & services 2.1 17,277.6
450 Capital One Financial US Financial services 38.3 17,238.0
451 457 Air Products & Chemicals US Chemicals 81.1 17,187.9
452 Industries Qatar Qatar General industrials 31.4 17,142.6
453 492 Starbucks US Travel & leisure 23.1 17,069.0
454 415 CSL Australia Pharmaceuticals & biotechnology 29.2 17,060.6
455 451 China Vanke China Real estate investment & services 1.3 16,977.9
456 405 Ace US Nonlife insurance 50.4 16,955.5
457 Tullow Oil UK Oil & gas producers 21.1 16,949.9
458 454 Tyco International US General industrials 35.7 16,936.3
459 462 BT Group UK Fixed line telecommunications 2.2 16,900.6
460 468 Public Service Enterprise US Electricity 33.3 16,823.8
461 Angang Steel China Industrial metals & mining 2.2 16,808.3
462 417 Chubb US Nonlife insurance 49.2 16,798.5
463 410 Kyocera Japan Electronic & electrical equipment 87.8 16,789.2
464 396 Chesapeake Energy US Oil & gas producers 25.9 16,762.7
465 471 McKesson US Food & drug retailers 62.5 16,748.9
466 ICL Israel Chemicals 13.2 16,708.4
467 Southwestern Energy US Oil & gas producers 48.2 16,643.2
468 HDFC Bank India Banks 36.5 16,634.4
469 American Electric Power US Electricity 34.8 16,617.7
470 Beiersdorf Germany Personal goods 65.9 16,605.9
471 PG & E US Electricity 44.7 16,563.4
472 Waste Management US Support services 33.8 16,555.1
473 Sysco US Food & drug retailers 27.9 16,536.0
474 426 Kohl's US General retailers 53.9 16,535.0
475 Naspers South Africa Media 40.7 16,533.7
476 393 EADS France Aerospace & defence 20.2 16,491.8
Page 15Global 500 December 2009
Global rank
December
2009
Global Rank
September
2009 Company Country Sector Price ($)
Market
value ($m)
477 450 Housing Development Finance India Financial services 57.5 16,449.5
478 481 Best Buy US General retailers 39.5 16,436.6
479 448 Hong Kong and China Gas Hong Kong Gas, water & multiutilities 2.5 16,420.1
480 477 China Railway Construction China Construction & materials 1.3 16,402.0
481 381 Veolia Environnement France Gas, water & multiutilities 33.2 16,376.5
482 491 Hang Lung Properties Hong Kong Real estate investment & services 3.9 16,366.2
483 475 Yum! Brands US Travel & leisure 35.0 16,355.5
484 Femsa Mexico Beverages 4.8 16,340.7
485 455 CLP Holdings Hong Kong Electricity 6.8 16,275.6
486 421 Sun Life Financial Canada Life insurance 28.9 16,230.6
487 467 Deutsche Boerse Germany Financial services 83.2 16,226.6
488 Henderson Land Development Hong Kong Real estate investment & services 7.5 16,168.2
489 452 Allstate US Nonlife insurance 30.0 16,115.8
490 437 Indian Oil India Oil & gas producers 6.6 15,981.1
491 445 Acs Activades Cons y Serv Spain Construction & materials 49.9 15,913.8
492 463 British Sky Broadcasting UK Media 9.1 15,907.8
493 392 Danske Bank Denmark Banks 22.8 15,899.5
494 433 Criteria Caixacorp Spain Financial services 4.7 15,897.6
495 Wharf Holdings Hong Kong General industrials 5.8 15,893.0
496 466 Abertis Infraestructuras Spain Industrial transportation 22.6 15,874.3
497 Ahold Netherlands Food & drug retailers 13.3 15,834.7
498 456 Mitsubishi Electric Japan Industrial engineering 7.4 15,799.2
499 Antofagasta UK Mining 16.0 15,792.7
500 329 National Bank of Greece Greece Banks 26.0 15,763.3

Tuesday, September 20, 2011

BNP Paribas

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BNP Paribas S.A. is the largest global banking group in the world, headquartered in Paris with its second global headquarters in London.[2] In October 2010 BNP Paribas was ranked by Bloomberg and Forbes as the largest bank and largest company in the world by assets with over $3.1 trillion.[3][4] It was formed through the merger of Banque Nationale de Paris (BNP) and Paribas in 2000. In April 2009, BNP Paribas purchased a 75 percent stake in Fortis Bank, the Belgian banking business making BNP the eurozone's largest bank by deposits held.[5]
BNP Paribas escaped the 2007–09 credit crisis relatively unscathed reporting a €3bn net profit for the year of 2008, and €5.8 for 2009, both years boosted by profits from trading in its BNPPCIB (Corporate and Investment Banking) division.[6] BNP Paribas has one of the highest credit ratings in its peer group with the long term debt of the group currently ranked AA by S&P, Aa2 by Moody's and AA- by Fitch.[7]
The firm is a universal bank split into three strategic business units: Retail Banking, Corporate & Investment Banking, and Investment Solutions (which includes Asset Management, custodial banking, and real estate services.)[6]
BNP Paribas's four domestic markets are France, Italy, Belgium and Luxembourg. It also has significant retail operations in the United States, Poland, Turkey, Ukraine and North Africa, as well as large scale investment banking operations in New York, London, Hong Kong, and Singapore.[6]
Contents [hide]
1 History
2 Business units
2.1 Retail banking
2.1.1 Domestic markets
2.1.2 United States
2.1.3 Emerging markets
2.2 Corporate and investment banking
2.3 Investment solutions
3 Events in 2005
3.1 Major shareholders
3.2 Communication
3.3 Main subsidiaries
3.3.1 Retail banking
3.3.2 Other subsidiaries
4 Notable current and former employees
4.1 Business
4.2 Politics and public service
4.3 Other
5 Controversy
6 See also
7 References
8 External links
[edit]History

In the early 1820s Louis-Raphaël Bischoffsheim founded in his own name a private banking establishment in Amsterdam, while his brother Jonathan Raphaël created a branch in Antwerp in 1827 before settling in Brussels in 1836. Having married the daughter of Frankfurt banker Hayum-Salomon Goldschmidt, Louis-Raphaël Bischoffsheim established the Bischoffsheim-Goldschmidt bank in Paris in 1846, then in London in 1860. In 1863 he merged these banks with the Banque de Crédit et de Dépôt des Pays-Bas, which he had founded in Amsterdam: the Bichoffsheim family thereby established a powerful multinational banking conglomerate.[8][9]
Additionally in 1869, a group of bankers and investors including Adrien Delahante, Edmond Joubert and Henri Cernuschi founded the Banque de Paris, with its headquarters near the Opera at 3 rue d'Antin, Paris.
After the end of World War II, the French State decided to "put banks and credit to work for national reconstruction". René Pleven, then Minister of Finance, launched a massive reorganization of the banking industry. A law passed on 2 December 1945 redefined the regulatory framework governing the industry and decreed the nationalization of the Banque de France and the four leading French retail banks: BNCI, CNEP, Crédit Lyonnais and Société Générale. It went into effect on 1 January 1946.
Shares in these companies were transferred to the French State, which assumed complete ownership of the financial institutions. The boards of directors were dissolved and twelve new directors were appointed at each bank. BNCI and CNEP were merged in 1966 to form BNP.
BNP was re-privatised in 1993.
Originally the Compagnie Financière de Paris et des Pays-Bas (Finance Corporation of Paris and the Netherlands), the Compagnie Financière de Paribas became simply Paribas in 1998 after acquiring the Compagnie Bancaire. Claude de Kemoularia was an important executive in the bank in the 1960s and 1970s.
In 1999, BNP and Société Générale fought a complex battle on the stock market, with Société Générale bidding for Paribas and BNP bidding for Société Générale and counter-bidding for Paribas. BNP's bid for Société Générale failed, while its bid for Paribas succeeded leading to a merger of BNP and Paribas one year later on 22 May 2000.
On 9 August 2007, BNP Paribas became the first major financial group to acknowledge the impact of the sub-prime crisis by closing two funds exposed to it. This day is now generally seen as the start of the credit crisis and the bank's quick reaction saved it from the fate of other large European banks such as UBS.[10][11]
On 6 October 2008, BNP took over 75% of troubled bank Fortis' activities in Belgium, and 66% in Luxembourg, in exchange for the Belgian government becoming the new group's major shareholder. The sales of the Fortis shares was suspended by a court order from the Court of Appeal on Friday the 12 December[12][13]
On 14 December 2008, BNP announced it could lose €350 million as a victim of the Madoff fraud.[14]
In the end of January, the Belgian government and BNP negotiated for a 75% partnership in Fortis Bank Belgium. Fortis Insurance Belgium would be reintegrated in Fortis Holding.
On 11 February, Fortis' shareholders decided that Fortis Bank Belgium and Fortis Insurance Belgium should not become property of BNP Paribas. However the acquisition was completed and BNP Paribas took 75% share holding and renamed the new subsidiary BNP Paribas Fortis. After this only Fortis Insurance International was left in Fortis Holding and this was renamed as Ageas, a business that had Insurance all over Europe and Asia. The remaining Fortis Bank Netherlands was in the hands of the Dutch Government which merged it with other ABN AMRO holdings it already owned under the name ABN AMRO.
In May 2009, BNP Paribas became the majority shareholder (65.96%) of BGL (formerly Fortis Bank Luxembourg), the State of Luxembourg retaining 34%. On 21 September, the bank's registered name was changed to BGL BNP Paribas and in February 2010, BGL BNP Paribas became the 100% owner of BNP Paribas Luxembourg. The transfer was finalised on 1 October 2010 with the incorporation of BNP Paribas Luxembourg's business in the operational platforms of BGL BNP Paribas.[15]
[edit]Business units

[edit]Retail banking
Retail banking is BNP Paribas' largest business unit representing 45% of its 2009 revenues and employing 59% of the group's headcount. Its operations are concentrated in Europe, especially in the group's three domestic markets of France, Italy (where it operates as Banca Nazionale del Lavoro (BNL), and Belgium (as BNP Paribas Fortis). The group also owns an American subsidiary BancWest which operates as Bank of the West in the western United States and First Hawaiian Bank in Hawaii. BNP Paribas's Europe Mediterranean group also runs large retail banks in Poland, Turkey, Ukraine, and northern Africa.
BNP Paribas is the largest bank in the Eurozone by total assets and second largest by market capitalization according to The Banker magazine, just behind Banco Santander. It employs over 201,000 people, according to the bank as of 31 December 2009, of which 80,000 work in Europe, and maintains a presence in 87 countries.
[edit]Domestic markets
France: BNP Paribas runs one of France's largest retail banking networks with 2,200 branches and over 3,200 ATMs. In Paris alone the bank has 187 agencies.[16] BNP Paribas serves over 6 million French households and 60,000 corporate customers. In 2009 The French Retail Banking unit (FRB) had revenues of €6.1 billon (15.2% of total group's), income of €1.5 bilion (15% of total group's), and employs 31,000 people (15.4% of total group's workforce)[6]
Italy: In 2006 BNP Paribas purchased Banca Banca Nazionale del Lavoro (BNL), Italy's sixth largest bank at the time. In 2009 BNL had 810 branches in Italy, 2.5 million individual clients, and over 150,000 corporate clients. It grossed €2.9 billion in revenue (7.2% of the total group's) and €540 million of net income (9.3% of the total group's), and employs around 13,000 employees (6.5% of the total group's).[6]
Belgium: BNP Paribas acquired BNP Paribas Fortis when it acquired the retail banking assets of the Belgian lender Fortis in 2009. This deal also included Fortis's subsidiaries in Poland and Turkey, now grouped in the "Europe Mediterranean" division.
[edit]United States
In the United States, BNP Paribas owns BancWest, which in turn operates retail banking subsidiaries Bank of the West and First Hawaiian Bank. Bank of the West operates in 19 Western US states (where it ranks as the 7th largest bank by assets), while First Hawaiian is Hawaii's leading bank with a 40% market share in deposits. Together the two banks operate 710 branches, and service 5 million clients.
The two banks were merged into BancWest 1998, and BNP Paribas took full control of the combined entity in 2001.
The group has a strong presence on niche markets such as lending for marine and recreational vehicles, church lending, and agribusiness. In 2009 BancWest had €2.1 billion in revenues (5.2% of the total group's), and 11,200 employees (5.5% of the total group's headcount).[6] BancWest lost €223 millon in 2009 largely due to its exposure in the subprime mortgage crisis in California, Arizona, and Nevada.
[edit]Emerging markets
In 2009 BNP Paribas reorganized its retail banking divisions renaming its "Emerging Markets" group the "Europe Mediterranean" group. This change was made because after the integration of Fortis Bank's Polish and Turkish subsidiaries, BNP Paribas's emerging market activities are now heavily concentrated in Eastern Europe and the southern half of the Mediterranean basin.
The EM group includes:
Ukraine: UkrSibbank is Ukraine's 3rd largest lender.
Turkey: Türk Ekonomi Bankası, Fortis Turkey
Morocco: BMCI and
Libya: Sahara Bank
Poland: BNP Paribas Fortis Poland
Egypt: BNP Paribas Egypt
BNP Paribas is a member of the Global ATM Alliance, a joint venture of several major international banks that allows customers of the banks to use their ATM card or check card at another bank within the Global ATM Alliance with no ATM surcharges when traveling internationally. Other participating banks are Barclays (United Kingdom), Bank of America (United States), China Construction Bank (China), Deutsche Bank (Germany), Santander Serfin (Mexico), UkrSibbank (Ukraine), Scotiabank (Canada) and Westpac (Australia and New Zealand).[17]
[edit]Corporate and investment banking
Main article: BNP Paribas CIB

One of BNP Paribas' London Trading Floors.
In addition to its retail activities, BNP Paribas is also a leading global investment bank through its Corporate & Investment Banking unit. Although present in all investment banking markets, it is recognized as a global leader in derivatives trading, structured finance, and project finance.
The firm is divided into 6 key business areas:
Fixed Income: BNP Paribas' fixed income team helps companies hedge their exposure to foreign exchange, interest rate, and credit risks, primarily though the structuring and sale of derivative products such as interest rate and foreign exchange swaps, foreign exchange options and credit derivatives. It also trades in these markets on behalf of clients or for its own proprietary account. On an average day, a quarter of a trillion dollars in fixed income instruments are traded at BNP Paribas Americas’ fixed income trading floor located just blocks from the NASDAQ MarketSite in Manhattan, New York City.[18][19]
Equity & Derivatives: BNP Paribas' Equity & Derivatives team helps companies manage their risks and investment portfolios with equity derivatives such as options, futures, and swaps, as well as highly complex, customized solutions such as structured products. It also trades in these markets on behalf of clients or for its own proprietary account.
Commodity Derivatives: BNP Paribas' Commodity Derivatives team helps clients hedge their exposure to commodity risk though the structuring and sale of commodity futures and OTC commodity swaps. It also trades in these markets on behalf of its clients or proprietary account.
Investment Banking: BNP Paribas' Corporate Finance team performs most of the traditional investment banking functions of the group including mergers and acquisitions advisory, and equity raising operations such as Initial Public Offerings (IPOs), rights issues, and convertible bond issues.
Structured Finance: BNP Paribas' Structured Finance group offers clients project finance solutions, export financing, syndicated loans, and financing for acquisitions and leveraged buyouts.
Corporate & Transaction Group: BNP Paribas' Corporate and Transaction group offers clients simplified flow banking services including trade finance, international cash management, and basic hedging solutions.
In 2009 BNP CIB earned €12.2 billion in revenue (30% of total group's), 4.4 billion in pre-tax income (48.9% of total group's), and 18,000 employees (9.0% of total group's headcount.)[6]
[edit]Investment solutions
BNP Paribas's "Investment Solutions" unit contains its asset management, custodial banking, real estate, insurance, online brokerage, "Personal Investors" and wealth management activities.[6]
On 11 June 2008, BNP Paribas formally signed the final terms of an agreement to purchase the Prime Brokerage Services division of Bank of America Securities. The sale is widely believed to be completed by the end of the 3rd Quarter, 2008.
Asset Management: The asset management activities of BNP Paribas are grouped into BNP Paribas Investment Partners. In 2009 BNP Paribas IP had 2,400 employees in more than 70 countries and 518 bllion of assets under management.[6]
[edit]Events in 2005

On 23 September 2005, BNP Paribas was set to take a 20 percent stake in China's Nanjing City Commercial Bank, a Chinese official and state press reports said. "BNP is going to sign a deal with us to buy a stake next month," an official from Nanjing City Commercial told AFP. The Shanghai-based Oriental Morning Post said BNP would pay up to US$100 million, although the bank official said the figure was incorrect. He declined to give further details. The French newspaper La Tribune reported in August 2005 that BNP Paribas had talked to four Chinese commercial banks—Ningbo, Wuxi, Nanjing and Suzhou—and was prepared to invest US$50–100 million. "We've talked to different financial institutions, but only BNP showed its good faith. It was not easy for us to reach an agreement," the Nanjing City Commercial Bank official said. BNP Paribas refused to comment. The International Financial Corporation, the investment arm of the World Bank, already owns 15 percent of Nanjing City Commercial Bank, which has regulatory approval to list on the country's domestic stock markets.
[edit]Major shareholders
France (17%)[20]
Belgium (11.6%)
AXA insurance company
Customers
Employees
General Mediterranean Holdings
[edit]Communication
BNP Paribas is one of the most important sponsors of the Tennis French Open in Roland Garros stadium since 1971
[edit]Main subsidiaries
[edit]Retail banking
BNP Paribas France (more than 2 200 branches)
Banque de Bretagne (France – Brittany)
BancWest (Bank of the West & First Hawaiian Bank in the USA)
BMCI (Morocco)
BNP Paribas Egypt (Egypt)
Banca Nazionale del Lavoro (BNL) (Italy)
Turk Ekonomi Bankasi (TEB) (Turkey)
BNP Paribas Fortis (Belgium, Germany, Poland, Turkey)
BGL BNP Paribas (Luxembourg)
Sahara Bank (Libya)
UkrSibbank (Ukraine)
BCI Mer Rouge Djibouti
Banque de Wallis et Futuna
Banque Internationale pour le Commerce et l'Industrie du Sénégal (Senegal)
[edit]Other subsidiaries
BNPPCIB – BNP Paribas Corporate and Investment Banking
Atisreal renamed BNP Paribas Real Estate
BNP Paribas Arbitrage
BNP Paribas Assurances with Cardif, Pinnacle
BNP Paribas Asset Management
BNP Paribas Primebrokerag
BNP Paribas Leasing Solutions[21] with Arval,[22] car leasing and Artegy
BNP Paribas Real Estate
BNP Paribas Securities Services
BNP Paribas Wealth Management with Isinger de Beaufort, BNP Paribas Private Banking
Cetelem
LaSer UK with Cofinoga
CortalConsors
FundQuest
SBI Life Insurance Company Limited a joint venture insurance company with State Bank of India, India's largest financial service company, owned by the government of India
Geojit (Geojit BNP Paribas Financial Services Ltd.)
L'Atelier
Creation Consumer Finance[23]
Lafayette Services[23]
BNP Paribas Personal Investors Luxembourg
SAIB-BNP Paribas Asset Management
[edit]Notable current and former employees

[edit]Business
Boris Adlam – British financier
Nassim Taleb – practitioner of financial mathematics
[edit]Politics and public service
Louis Alphonse of Bourbon, Duke of Anjou – considered by royalists as the head of the French Royal House.
Jacques de Larosière – managing director of the International Monetary Fund (1978–87); Governor of the Banque de France (1987–93)
Lorenz of Habsburg, Archduke of Austria-Este
[edit]Other
David McWilliams – economist
Georges Chodron de Courcel – Managing Director, from the family of Mrs. Bernadette Chirac
Edmond Turquieh – founder of Sapiance Capital Ltd
[edit]Controversy

In 2010 the French government's Autorité de la concurrence fined BNP and 10 other banks 384 million Euros for colluding to charge unjustified fees on check processing, including extra fees during the transition from paper check transfer to "Exchanges Check-Image" electronic transfer.[24] On 19 January 2011 BNP sued Russian grain traider OOO Rosinteragroservis and its subsidiary OAO Kubankhlebprodukt, claiming $20 million in debts and penalties.[25]
BNP Paribas is, according to Profundo, amongst banks, the biggest investor in the nuclear sector, with more than € 13,5 billion in nuclear investments. On 23rd October 2011 Greenpeace organised a protest against BNP Paribas in 24 French cities. [26] Citigroup and Barclays are shared second and third with over € 11,4 billion.[27]