BNP Paribas Corporate & Investment Banking (CIB) and ESCP Europe, in conjunction with its think tank the i7 Institute for Innovation and Competitiveness and the ESCP Europe Foundation, announce the creation of a new international teaching and research Chair for Financial Transformation and Innovation.
The aim of BNP Paribas CIB and ESCP Europe is to establish a cutting-edge academic centre for research within the field of financial transformation and innovation. With the teaching staff working under the new Chair and students on the five ESCP Europe campuses in Paris, London, Berlin, Madrid and Turin, the Chair will also be a focal point for meetings and discussions on future interests of the two institutions.
Innovation is both central component of the BNP Paribas CIB business model and a key aspect of CIB’s adaptation to the changing financial environment as it strives to continue to provide the best possible service to clients. “BNP Paribas CIB regards research and teaching in the field of innovation and transformation of the banking sector as an area of major importance. In founding this new Chair, it is our intention to help drive progress in this field. This project is of particular value to us. On the one hand it is very much a part of our overall drive for innovation, and on the other, by fostering interaction between the business and academic worlds, it reflects the determination of BNP Paribas to be a responsible bank,” underlined Laurent Chouraki, Deputy Head of BNP Paribas CIB.
Edouard Husson, Dean of ESCP Europe explained: “The far-reaching and rapid changes taking place in the financial world require us to innovate more – and also more quickly – in order to transform the banking sector and generate further responsible approaches to finance. Our business school is determined to play an active role in the debate being conducted in this field, which is one of vital public interest. Our partnership with BNP Paribas CIB will enable us to do so and to extend our international influence on this subject, which has global repercussions.”
The main objectives of the Chair for Financial Transformation and Innovation are:
– to organise research, teaching and debates within the banking and finance sector on an international scale
– to analyse the issues, challenges and practices of the bankingsector and facilitate access to this information and analysis for practitioners and decision-makers through publications, events and other initiatives
– to open opportunities for joint research and teaching in the public’s interest
About ESCP Europe, the World’s First Business School:
Established in 1819, ESCP Europe is the World’s First Business School and has educated generations of leaders and pioneering thinkers. With its five urban campuses in Paris, London, Berlin, Madrid, and Torino, ESCP Europe has a true European Identity which enables the provision of a unique style of cross-cultural business education and a global perspective on international management issues. Triple-crown accredited (EQUIS, AMBA, AACSB), ESCP Europe welcomes 4,000 students and 5,000 executives from 90 different nations every year. The School’s alumni network consists of 40,000 members in 150 countries and from 200 nationalities.
ESCP Europe is a member of the research and higher education cluster PRES héSam.
About BNP Paribas:
BNP Paribas (www.bnpparibas.com) has a presence in nearly 80 countries with 190,000 employees, including 145,000 in Europe. It ranks highly in its three core activities: Retail Banking, Investment Solutions and Corporate & Investment Banking. In Europe, the Group has four domestic markets (Belgium, France, Italy and Luxembourg) and BNP Paribas Personal Finance is the leader in consumer lending. BNP Paribas is rolling out its integrated retail banking model across Mediterranean basin countries, in Turkey, in Eastern Europe and a large network in the western part of the United States. In its Corporate & Investment Banking and Investment Solutions activities, BNP Paribas also enjoys top positions in Europe, a strong presence in the Americas and solid and fast-growing businesses in Asia-Pacific.