Also in this playlist...
This transcript is automatically generated
It's okay with Charlie Gasparino -- -- -- just starting to talk about a move everything to Fresno well after -- of -- a lot of banks moved operations.
Two New Jersey but guess what New Jersey lost power as you know the story of the banks even with the stock exchange shut down though BNP Paribas which moved a lot of its operations to Jersey City.
Still managed to weather the storm and stay open for business.
When they have to shut down their Jersey City operations at BNP Paribas North American corporate and investment banking CEO -- -- -- Is joining me -- up Charlie desperate it was -- -- the French -- are looking at work for toughest you know.
We're -- but I think it's not for hosting me guys blend by the way just before coming over here I was in contact with my head of fixed income may have and if equities.
And wolf what are you irrational.
To where -- 'cause the guys had your back office operations in Jersey City.
Without lost power you move them where true when actually we have a recovery side out of -- would equation kills the -- -- move stuff yesterday to Woodbridge.
We had over 250 people they have to money to the operations we've been able to serve clients.
From -- to freedom back and I have to say the staff has done a fantastic job.
Comp claims on client needs -- that I predates the good news -- today we all forty of rational serving clients across a product offering.
You know that you was the CEO of BNP America this is really very much of what what you have to do in situations like this but.
As you look at at the stock exchange announcement Sunday that they were not going to open what was your first off there.
What sane thing for -- those was code how we're -- -- our clan mates.
And reaction was to make sure that you know from a fuel operations standpoint.
You know markets being open market being closed.
We would -- area.
To respond to inquiries no matter what for you part of the conversations with the exchanges we've had you know teams -- we have teams constantly connected to the exchanges.
-- Duncan Niederauer was saying that it was some of the big banks didn't name you specifically but some of the big ones.
Hadn't tested their systems against the electronic -- -- archipelago systems that they could've actually opened.
Had you tested -- systems with orca.
Went we've been -- of rational.
You know teams -- fully connected with the exchanges.
And whether Monday or Tuesday markets -- market open.
All systems -- the Texas and have functioned perfectly what you had no where no concerns at all at some believing that things could happen in -- debt and dated -- you that that suddenly he wouldn't be able to make trades for anxious clients what it's always.
I'll just be -- comes -- you have in mind this is what you what you have to be prepared.
And Monday Tuesday at a growing out of -- for agents and agents have been content and you.
-- stuff was on deck making sure -- inquiries would be.
Something you have to.
And realize is when you know we have options domestically.
-- for very specific needs we can chief actually some specific inquiries all -- -- seasoned.
Under the not a phenomenal -- Sure I would imagine and and being an international think you've got all kinds of options so when when something like this happens.
You immediately tell us -- what the processes -- immediately have all your chiefs all your heads of different businesses get on the phone start discussing what's our plan.
How will we -- -- opportunities for clients to trade and keep things moving.
But -- it looks like human being with us over the last three days to -- exactly is -- way it happens we have a crisis management.
Fallen by our head of main business lines had -- functions.
Head off you know -- -- we as well.
-- -- series constant communication you know between the business lines to make sure we -- of the latest and greatest debt of the status of the situation.
You know the travel situation.
It is stunning to see aerials of LaGuardia Airport which.
It's not gonna happen both planes are not gonna get out of -- in in large numbers for a long time the flooding is unbelievable so.
You can't resort to travel to start moving your -- elsewhere will they stay in Woodbridge what's the plan going forward.
The way we manage old Woodbridge and into the city teams basically they -- on site starting over the weekend on Sunday.
And we where able to manage you know -- in loans and they've basically statements are inside the way from their families by the way to just make sure operations would be conducted its interest in point you know same at fox business and Fox News where we've all been here we've all been coming in away from our family.
What does this tell you about new York and and the Wall Street and general community would have you seen.
What I have to say I have fantastic and narration fall -- -- people of New York I think you know managing crises this kind of -- to -- have to CD.
Heidi benefited from these have -- And you know -- being really saying clients for -- under from has been doing like protected.
Johnny should know who is BNP corporate and investment North America banking CEO we so thank you for coming here exclusively -- -- your time is extremely valuable.
But it's great to hear the real story from you the chief thank you so much thank you for having me needs -- please give us an update -- when you're moving your operations back way to defend the two.
Filter by section