(Bloomberg) -- BNP Paribas SA, the French bank facing a potential $10 billion U.S. penalty over its dealings with sanctioned countries, said its sticking with a plan to expand its BancWest division.
BancWest, which opened a private-banking flagship office in San Francisco less than two years ago, will hire almost 100 wealth-management advisors through 2016, Sofia Merlo, co-head of wealth management at BNP Paribas, said in an interview yesterday in Paris. That businesss current staff is about 200 with more than $7 billion under management, Merlo said.
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