Strategy

BNP to Merge Swiss Operations

Stephen Harris 16 January 2006

BNP to Merge Swiss Operations

BNP Paribas is to combine its Swiss operations under the name BNP Paribas Suisse, according to a report in Le Temps. The French bank plan...

BNP Paribas is to combine its Swiss operations under the name BNP Paribas Suisse, according to a report in Le Temps. The French bank plans to merge BNP Paribas (Suisse), BNP Paribas Private Bank (Switzerland) and BNP Paribas Securities Services, according to the report. But BNP’s subsidiary UEB will remain a separate entity. The French-owned group is one of the largest foreign banks in Switzerland, employing around 1,600 people.

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