Exane | Our history

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1990-1992

Creation of Exane: an ambitious entrepreneurial project

Exane is born, and the Verner Investissements partnership is created. The Exane adventure is under way...

1990: Finacor Bourse creates FAD (Finacor Actions Dérivés) in partnership with 4 former associates of the English brokerage firm James Capel, and negotiates a strong partnership based around 3 areas: investment, shareholding, and governance.

1992: FAD becomes Exane. The senior managers and experts at Exane create a partnership, Verner Investissements, which owns 34% of Exane.

1993-1996

Internationalization

Exane decides on its complementary business lines (Equities Brokerage, Proprietary Trading and Equity Derivatives) and expands internationally.

1994: Exane Ltd. created in London.

1995: Geneva office opens.

1996: Exane Inc. created in New York. Verner Investissements becomes majority shareholder (50.1%). Exane starts its development.

1997-2001

Exane's expansion

Strong growth in NBI and good performance for Exane in a buoyant market. Exane takes its final steps towards becoming an established institution in terms of influence, identity, and reputation.

1999: First Exane issuances by Equity Derivatives teams.

2000: Exane is No.1 in French equities. Verner Investissements controls 80% of Exane.

2001: Exane SAM, Structured Asset Management is created (now Exane Asset Management) and launches Exane Gulliver, its first fund. Office opened in Zurich.

2002-2003

Exane holds up well during a difficult period

Exane consolidates its competitive positions against the backdrop of the stock market collapse that defined the start of the decade.
Despite a sharp drop in NBI, Exane's earning capacity holds up well thanks to strict cost management.

2004

An innovative partnership with BNP Paribas

The Exane BNP Paribas brand is born. This innovative partnership combines the strength of BNP Paribas with the expertise of Exane.

2005-2007

Strong growth in activity across all business lines

All of Exane's business lines benefit from the dynamic trend of the financial markets and capitalise on investments made for their development.

2006: Launch of the Exane Pleiade fund, 1st internal fund of funds, and Exane Archimedes (in the telecoms and technology sector).

2007: Exane Derivatives office opened in Singapore.

2008-2009

Robustness of Exane’s model

The financial crisis confirms the robustness of Exane's business model and marks an opportunity to adjust its strategic objectives to ever-changing conditions, whilst also maintaining strong forward momentum.

2010-2011

Partnership with BNP Paribas strengthened and Ellipsis AM created

The partnership with BNP Paribas is noticeably reinforced, with the aim of ensuring an enhanced strategic integration of BNP Paribas and maintaining Exane's managerial independence. The Asset Management business line continues to expand.

2010: New offices opened in Europe: Brussels, Madrid and Stockholm. Strong performance by Exane Asset Management, with €6.1 billion of assets under management.

2011: Creation of Ellipsis AM, a new management company for Exane born out of the convertible bonds management division set up in 2003.

2012-2015

Good performance, with momentum provided by Exane’s business lines

Exane BNP Paribas continues to expand, thanks to its major platform in London and the strengthening of its teams.

2012: Strong growth by Exane BNP Paribas, which ends the year with 4% market share.
Launch of Exane Select, Exane Asset Management's 1st long-only equity fund.

2013-2014: All of Exane's operations are recognised in industry surveys. Exane BNP Paribas is ranked No.4 for equity sectors Research in Europe (Extel Pan-European survey, 2013 and 2014).

2015: Exane BNP Paribas is ranked No.3 for Pan-European sectors Research (Extel Pan-European survey, 2015).

2016 - 2020

3 solid and well-known business lines, constant investment

Industry survey results rank Exane as a key player in Europe.

2016: Exane BNP Paribas is ranked No.2 for Pan-European sectors Research (Extel Pan-European survey, 2016) .
Exane moves to its new premises at 6 rue Ménars, Exane's headquarters in Paris.

2017: Exane BNP Paribas is ranked No.1 for Sector Research in Europe, and Exane Derivatives comes No.1 in Derivatives and Convertibles in Europe (Extel Pan-European survey, 2017). Exane Asset Management continues to develop, drawing on its long-standing expertise in market neutral long/short equity strategies.

2018: Exane BNP Paribas is voted No.1 overall broker in Europe. For the second year running, it ranks No.1 in both Sector Research and Equity Sales in Europe (Extel Pan-European survey, 2018).

2019: Exane BNP Paribas is named the no.1 Developed Europe Broker and no.1 in Equity Sector Research (Extel Pan-European survey, 2019). Ixios Asset Management, the new thematic management company of Exane, is created with the launch of Ixios Gold and Ixios Smart Manufacturing. Exane Asset Management announces the launch of the long-only Exane Equity Select Focus Euro fund.

2020: Exane BNP Paribas ranked in first place in all headline categories in Institutional Investor 2020 Survey results. Ixios Asset Management launches the Ixios Recovery fund.

2021

A new story for Exane

After a successful 17-year partnership with BNP Paribas, Exane became a subsidiary of BNP Paribas in July 2021, bringing its strong expertise to strengthen the range of cash equities (execution and research) and derivatives services that BNP Paribas can offer to institutional investors and corporates globally.

Our history

1990-1992

1993-1996

1997-2001

2002-2003

2004

2005-2007

2008-2009

2010-2011

2012-2015

2016 - 2020

2021

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