BNP Raised Bonus Pool for Top Investment Bankers by 14% in 2022

BNP Paribas SA raised the bonus pool for its top investment bankers last year after the employees’ unit posted revenue gains on increased market volatility.

The variable compensation pool for what it calls “material risk takers” at its investment banking operation rose 14% to €504.3 million ($550 million), according to a filing Friday. Since the number of such bankers slightly declined from a year earlier, the average bonus rose about 18%.

The increase is roughly in line with the 16% revenue increase at the unit last year. The gains were driven by BNP’s trading division, which gained 27%, while the ...