BNP boosts presence in Asia

BNP boosts presence in Asia

HONG KONG (Dow Jones): BNP Prime Peregrine will bolster its
presence in Southeast Asia by expanding offices and boosting
staff levels, a local newspaper quoted the company's chairman,
Francis Leung Pak-to, as saying.

According to the report in Saturday's South China Morning
Post, Leung said the financial services company has already
obtained broking licenses for its offices in Thailand and
Indonesia. Its Singapore branch is expected to receive a license
next year.

The Post quoted Leung as saying that the company will target
wealthy individuals as clients and beef up staff in the U.S. and
Europe.