Press
UKSPA Welcome BNP Paribas as new member
9 June 2022: Today, the UK Structured Products Association ("UKSPA") announces that BNP Paribas will join as a new member with immediate effect. This brings the total membership of the UKSPA to 19 firms, and further consolidates the position of UKSPA as an important and influential body representing the structured product industry. BNP Paribas is the European Union's leading bank and a key player in international banking. It operates in 65 countries and has nearly 190,000 employees. Present in the UK for more than 150 years, BNP Paribas is a long-term partner to British business. They are an established leader in structured products providing solutions to retail distributors, banks and institutional investors worldwide.
Zak De Mariveles, Chairman of the UKSPA, comments on the new member:"We are delighted to welcome BNP Paribas as a member of UKSPA. As an active and experienced issuer of structured products globally, we're excited to have them working alongside our existing members to help us meet our key objectives as an association: to provide a communal voice for structured products in the UK, to lead the way in driving best practice and to support and educate the wider investment community."
Mike Bayley, Head of Equity Derivatives & Solutions, Institutions & Distribution, UK, said: "Becoming a member of the UKSPA reflects the redoubling of our commitment to and focus on the UK market. BNP Paribas has a long history of serving clients in the UK and recognises that collaboration across providers to maintain a transparent and accessible structured products market can contribute to delivering the best investment journey for investors. We look forward to working closely with the other members of the UKSPA."