SOURCE: BNP Paribas

BNP Paribas

December 17, 2010 08:00 ET

BNP Paribas Adds Oil & Gas Acquisition and Divestiture Group in Houston

NEW YORK, NY--(Marketwire - December 17, 2010) - BNP Paribas Corporate and Investment Banking is pleased to announce the addition of an Acquisition and Divestiture Group specializing in the sale and acquisition of upstream Oil & Gas assets to its Energy platform. The former employees of AIM Energy Advisors, a Houston based Energy boutique, have joined BNP Paribas. This initiative is fully aligned with BNP Paribas' ongoing commitment to the Energy & Commodity space.

David Marcell and Dane Isenhower join BNP Paribas as managing directors for the A&D Group and are based in Houston. They both report to John Brim, head of Energy & Commodity Corporate Finance North America, who is based in New York and to Jerome Doucet, head of Investment Banking Energy & Commodities Americas & Asia, also based in New York. 

David and Dane both have extensive Oil & Gas experience and have each worked in the industry for over 20 years. Prior to AIM, David was a managing director with Tristone Capital (now Macquarie Tristone) and previously held senior positions with Friedman Billings Ramsey and CIBC World Markets. David is a member of the Houston Energy Finance Group and currently serves as the president of the Houston Producers' Forum as well as serving on the IPAA Texas Southeast Regional Board. Dane began his career with Chase and then held senior positions with Waterous & Co. and Tristone Capital. He also served in various engineering capacities with Getty Oil Co.

As the sponsor of the initiative, Lincoln Payton, global head of BNP Paribas Investment Banking Energy & Commodities, said, "This group is a natural extension of our highly rated Oil & Gas platform and will allow us to better service our clients. We are very excited to have gained the experience and technical O&G expertise that this group brings to BNP Paribas."

BNP Paribas Corporate and Investment Banking

BNP Paribas Corporate and Investment Banking employs over 20,000 people in over 50 countries and services 13,000 corporate and institutional clients worldwide.

BNP Paribas CIB excels in:

Derivatives -- where it is one of the leading global players in rates, credit, forex, commodity and equity derivatives
Capital markets -- where it is one of the top European houses in both ECM and DCM (bond, securitization, convertibles and equity issuance)
Structured finance -- where it is amongst the leaders in acquisition, export, project, energy and commodity finance globally

www.cib.bnpparibas.com

About BNP Paribas

BNP Paribas (www.bnpparibas.com) is one of the six strongest banks in the world* and the largest bank in the eurozone by deposits. With a presence in more than 80 countries and about 200,000 employees, including 160,000 in Europe, BNP Paribas is a leading European provider of financial services on a worldwide scale. It ranks highly in its three core activities: Retail Banking, Investment Solutions and Corporate & Investment Banking. In Retail Banking, the Group has four domestic markets: Belgium, France, Italy and Luxembourg. BNP Paribas is rolling out its integrated model across the Europe-Mediterranean zone and boasts a large network in the United States. BNP Paribas Personal Finance is the leader in consumer lending in Europe. In its Corporate & Investment Banking and Investment Solutions activities, BNP Paribas also enjoys top positions in Europe and solid and fast-growing businesses in Asia.

*Rated AA by Standard & Poor's i.e. 3rd rating on a scale of 22.

Contact Information

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