BofA Securities Europe SA
As of March 2024
Overview and Structure
Overview
- BofA Securities Europe SA ('BofASE') is an établissement de crédit et d'investissement (credit and investment institution) and Bank of America Corporation's ('BAC') Broker Dealer for clients in the European Economic Area.
- BofASE is headquartered in Paris, France and has the ability to trade throughout Europe and conduct business with international clients.
Legal Entity details
- Société Anonyme ('SA') incorporated in France.
- Registration Number: 842 602 690.
- Date of Incorporation: 25 September 2018.
- Registered Address: 51 Rue La Boétie, 75008 Paris, France.
- Official BAC Website address:https://about.bankofamerica.com
- Official Bank of America in France Website address:Bank of America in France
Legal Entity Identifier (LEI)
- LEI: 549300FH0WJAPEHTIQ77
- Confirmation of LEI can be found at the:Global Legal Entity Identifier website
Regulatory Information
- Authorised and supervised by the European Central Bank (ECB) and the Autorité de Contrôle Prudentiel et de Résolution (ACPR) and regulated by the ACPR and the Autorité des Marchés Financiers.
- Code Banque (CIB): 12583.
- For confirmation of the CIB and a list of activities for which BofASE has been authorised please visitREGAFI Website
Entity Structure
- Wholly-ownedindirect subsidiary of BAC, a regulated United States entity. An organisational chart depicting select major operating subsidiaries of BAC is available at http://investor.bankofamerica.com
- BAC Registered Office: 1209 Orange Street - Corporation Trust Center, Wilmington DE 19801, United States.
- BAC Principal Executive Offices: Bank of America Corporate Center, 100 North Tryon Street, Charlotte, North Carolina 28255, United States.
- Bank of America Corporation is listed on the NYSE (ticker = BAC).
BofASE SA Board Structure - as of March 2024
BofASE SA Directors | Appointed | |
| Vanessa Holtz | 01/12/2021 |
| Jérôme Morisseau | 01/12/2021 |
| Bernard Mensah | 07/05/2021 Non-Executive Director |
Pierre J P de Weck | 21/01/2019 Non-Executive Director, Chair of the Board | |
| Thomas Woods | 29/01/2024 Non-Executive Director |
| Pierre Fleuriot | 23/08/2019 Independent Non-Executive Director |
| Marie-Hélène Sartorius | 16/10/2020 Independent Non-Executive Director |
| Fiona Frick | 05/12/2023 Independent Non-Executive Director |
Page 1 of 3
BofA Securities Europe SA
As of March 2024
Bank of America Ownership Structure for BofA Securities Europe SA
Financial Performance - for the year ended 31 December 2023
Primary Business Activities
- Broker and dealer in equities and fixed income, currency and commodities financial instruments
- Capital Markets services including Equities, Debt and Leveraged Finance services
- Post trade related services
- Equity research
Credit Rating
- Credit Ratings can be found on theInvestor Relations website
BofASE Financial Performance
(French GAAP in € millions)
Net Banking | €917 | ||||||
Income | |||||||
€750 | |||||||
Profit before Tax | €166 | ||||||
General
Operating
Expenses
Source: BofASE 2023 Financial Statements
Financial Position - as of 31 December 2023
Balance Sheet Composition (€bn) | Capital Adequacy and Leverage Metrics | |
€103€95
TotalLiabilities Assets
Source: BofASE 2023 Financial Statements
Total
Capital
Resources
€8.7bn
Total
Minimum
Capital
Required
€3.2bn
Excess
Capital
Resources
€5.5bn
Key Metrics
CET 1
Capital
Resources
€7.8bn
Risk | CET 1 | Leverage |
Weighted | Capital | Ratio |
Assets | Ratio | |
€40.2bn | 19.3% | 7.57% |
Source: BofASE 2023 CoRep |
Page 2 of 3
BofA Securities Europe SA
As of March 2024
Market Access
BofASE has the ability to trade throughout Europe and conduct business with international clients. Examples of BofASE's market access are provided below:
Exchange Access
Multi-Lateral Trading Facilities
- Austria (Wiener Börse)
- Belgium (Euronext Brussels)
- Denmark (Nasdaq OMX Copenhagen)
- Finland (Nasdaq OMX Helsinki)
- France (Euronext Paris)
- Germany (Deutsche Börse)
- Greece (Athens Stock Exchange)
- Ireland (Euronext Dublin)
- Italy (Borsa Italiana)
- Netherlands (Euronext Amsterdam)
- Norway (Oslo Børs)
- Poland (Warsaw Stock Exchange)
- Portugal (Euronext Lisbon)
- Spain (BME)
- Sweden (Nasdaq OMX Stockholm)
- Switzerland (SIX)
- Derivatives Exchanges incl. Eurex, Euronext, MEFF, Nasdaq Nordic, ICE Endex, EEX
• Aquis Exchange | • LMAX |
• Bloomberg | • MarketAxess |
• Cboe Europe | • State Street |
• Equiduct | • Turquoise |
• Integral | • MTS |
• Posit MTF | • Tradeweb |
Systematic Internalisers
• BofA's own systematic | • Tower SI |
internaliser | • Citadel |
• Virtu SI | • HRTEU Limited |
• XTX |
Additional Information & Resources
Policies
- EMEA Order Execution Policy Summary
- BofA EMEA Conflicts of Interest Policy
- BofA EMEA Allocation and Distribution
- Systematic Internaliser Disclosures Document
- MiFID II Policies and Required Documents
Bank of America Code of Conduct resources
- Code of Conduct Disclosure can be found on theCode of Conduct website
Bank of America Anti-Money Laundering resources
- To obtain the following documents please visit the AML section on theInvestor Relations Website
- Bank of America AML and Counter-Terrorist Financing Policy Statement
- AML Questionnaire (Wolfsberg FCCQ)
- Bank of America AML Compliance Program Letter
- Bank of America Economic Sanctions Compliance Program Letter
Bank of America Corporate Governance resources
- Certificate of Incorporation, Bylaws, Corporate Governance Guidelines, Nomination of Directors and Stockholder Proposals can be found on theCorporate Governance website
Bank of America Investor Relations Website
- For further information please visit theInvestor Relations website
The information contained on this Factsheet is provided for informational purposes only and does not constitute an offer to sell or the solicitation of an offer to buy any securities. The financial and other information that may be accessed on this Factsheet speaks only as of the particular dates referenced in the information or the dates the information was originally issued. This information may have since become superseded as a result of later circumstances or
events. None of BofASE or its affiliates undertakes any obligation to, and each disclaims any duty to, update this information. | Page 3 of 3 |
Attachments
- Original Link
- Original Document
- Permalink
Disclaimer
Bank of America Corporation published this content on 13 May 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 13 May 2024 21:57:04 UTC.