the region, with a presence in the UAE, as well as in the Kingdom of Bahrain, Kuwait, the Kingdom of Saudi Arabia, Qatar and South Africa.
Pierre-Louis Deumier, Regional Head of Multinational Corporate Clients, explains the opportunities that led to such a quick expansion. There is a huge need in terms of developing infrastructure, roads and bridges as well as supporting the oil and gas industry. Large multinational contracting companies have a very large presence in the region, particularly in the Kingdom of Saudi Arabia, Qatar and Abu Dhabi. As a bank we have a long-term commitment to being on the ground in this region. That makes us perfectly placed to partner with the MNCs as they expand their businesses in the Middle East and Africa.
Today the division is one of BNP Paribas key businesses in the Middle East and Africa. Relationship managers provide multinational clients based or operating in the Middle East and Africa, with a single point of contact to help them build bridges between their operations. The team co-ordinates closely with BNP Paribas global teams at clients Head Office level both from Corporate and Investment Banking (CIB) and our domestic markets and maintains the central relationships at a senior level with clients at their regional head offices.
MNC client relationships also provide access to the entire product range offered by the Bank, with support falling predominantly into four main areas: Global Trade Solutions, Cash Management, Corporate Deposits and Liquidity Management and Fixed Income.
MULTINATIONAL CORPORATES (MNC) CLIENT EVENT,
DUBAI, OCTOBER 2012
89B N P PA R I B A S I N T H E G U L F S TAT E S A N D I T S C O N T R I B U T I O N T O T H E E C O N O M Y O F T H E R E G I O N