Chesterbrook — France-based global bank BNP Paribas has expanded its presence in the Philadelphia metropolitan area by opening a new office in Chester County. This site supports BNP Paribas’ securities services business, global market, corporate and institutional banking business.
The bank has invested $ 18 million in a 59,000-square-foot office opened on October 1st at 735 Chesterbrook Blvd. With 100 employees relocated from the King of Prasha location at BNP Paribas, the company has promised to add another 300 employees over the next three years. The bank closed the location of the King of Prasha, which opened in 1999.
“Our new office in Chesterbrook not only plays an important role in servicing our clients, but also models future workplaces around the world with a particular focus on well-being and employee experience. It will also be. ”— José Placido, Chief Executive Officer of CIB Americas at BNP Paribas
BNP Paribas’ Chesterbrook Boulevard campus has established an interconnected campus of banks in the northeast, which we call the concept of “office as a destination”.
According to the company, “office as a destination” is defined as a “hub of collaboration, community, culture and technology,” and adding a BNP Paribas workspace “promotes inclusiveness and nature among colleagues. It evolves to “create new interactions and provide flexibility.” A workspace where staff can meet and exchange ideas. “
José Placido, CIB Americas CEO, said: Said in a statement at BNP Paribas. “Our new office in Chesterbrook not only plays an important role in servicing our clients, but also models future workplaces around the world with a particular focus on well-being and employee experience. It will also be. “
The new office features modern space and technology, surrounded by running and hiking trails. The adjoining amenity center has an outdoor recreation area with a food hall, fitness center and fire pit.
In February, BNP Paribas announced plans to relocate to Chester County and expand into the region.
Governor Tom Wolf and his administration supported the BNP Paribas project.
“Company growth is an investment in this community, a testament to Pennsylvania’s business environment and creating hundreds of new employment opportunities in the region,” Wolff said in a statement.
In February, BNP Paribas received a proposal from the Department of Community Economic Development to fund Pennsylvania’s first $ 1.15 million grant and an increase in the $ 837,000 job creation tax credit distributed when creating new jobs. rice field.
“We are honored to be able to take the next step in the BNP Paribas story just months after announcing a major expansion project that creates hundreds of new jobs in the region,” said the Pennsylvania community. Dennis Davin, Secretary of Economic Development, said. Said in a statement. “Our federation has a lot to offer prosperous businesses that are ready to grow. This new location meets the needs of the company’s growing workforce and of the company to this community. The investment maintains its existing position while providing many new jobs and opportunities for residents of southeastern Pennsylvania. “
BNP Paribas is located in 68 countries, employs approximately 193,000 people and employs more than 148,000 people in Europe. The group holds important positions in three major activities: the domestic market, international financial services, and banking for corporate and institutional investors. In the United States, banks employ nearly 14,000 people. Large corporations and institutional investors are served by BNP Paribas’ Corporate & Institutional Banking franchise, as well as global reach through office networks in Europe, the Middle East, Africa and Asia Pacific.
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