Founded in 1990, the Exane Group is one of the main independent investment companies in Europe, specialising in 3 businesses: - Cash Equities: under the brand name Exane BNP Paribas, the Group provides institutional investors with a range of services, such as research, sale and execution on European equities; - Derivatives: Exane Derivatives has developed a complete range of products and services through 5 main pilars: Derivatives Research, structured products, indices, smart execution and funds; - Asset Management: the asset management arm of the Exane Group is embodied by its 3 asset management companies, Exane asset management, Ellipsis AM and Ixios Asset Management, based respectively on the equity and fixed-income universes, as well as thematic management. For more than 30 years, Exane’s growth has been grounded on 3 fundamentals: the world of Equities, 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: Excellence, Independence, and Commitment. The 850 employees of the Group can now be found spread across 9 sites worldwide: Paris, London, Frankfurt, Geneva, Madrid, Milan, Stockholm, New York, San Francisco. Since 2004, Cash Equities business has been a core feature of Exane's partnership with BNP Paribas, BNP Paribas entrusting this activity exclusively to Exane for European equities.