Exane's growth has always been grounded on 3 fundamentals: the Equities universe, Investment expertise (trading and asset management) and top-class Research in equities and derivatives.

These three pillars of our business model are underpinned by 3 core values that have shaped the Group's culture since its creation.

An innovative and effective partnership with BNP Paribas
The agreement between Exane and BNP Paribas, signed in 2004 and strengthened in 2010 and 2011, revolves around three core elements:

- An operational partnership in European cash equities where BNP Paribas conferred exclusivity to Exane under the Exane BNP Paribas brand.

- A balance sheet partnership, which is particularly well-suited to our Derivatives business, providing financing and support for our rating.

- A capital partnership uniting the strength of BNP Paribas with the independence of Exane.

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