Best in Japan - BNP Paribas

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BNP Paribas has maintained and enhanced its presence in Japan in 2008 and the second half of 2007, at the same time as others have retrenched and in some cases wound down their local presence. At the same time, it has innovated with a Brazil Real-denominated note that follows others based on similarly exotic assets and precedes plans already in place for more.

"At the beginning of 2008, there was a clear reversal in the market," says Stephane Ritz, head of equities and derivatives at BNP Paribas

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