BNP Paribas is the ?best in class? for ?compensation management of Tier II IBs?, JPMorgan?s analysts said in a report today. They praised the French bank for its low bonuses as a percentage of compensation (84% of pay at BNP Paribas?s corporate and investment bank (CIB) was fixed costs ? or salaries ? last year). Bonuses at BNP Paribas have been reduced by 25% since 2010, and all charges for future deferred bonuses have already been booked. Nonetheless, the compensation ratio at the CIB was a mere 40.5% for 2012 ? one of the lowest in the industry.
This article was published in Efinancialcareers, 12th April 2013