NEW YORK, Jan 11 (Reuters) – BNP Paribas Securities Corp, a unit of BNP Paribas (BNPP.PA), stated on Wednesday it plans to open a brand new workplace in Miami within the fourth quarter of this yr.
The workplace will make use of practically 50 folks working in credit score, equities, and macro merchandise.
“The Miami workplace will assist the continued development of its International Markets enterprise within the US, amongst others, and the growing variety of purchasers with a foothold in South Florida,” the financial institution stated in a press release.
A number of monetary corporations in addition to massive regulation corporations have expanded operations in Florida within the wake of the COVID-19 pandemic, as staff longed for higher climate and entry to out of doors actions.
Florida additionally doesn’t accumulate state revenue tax.
Reporting by Davide Barbuscia
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