A European bank with over $3 trillion in assets revealed its official launch date for its first Miami office.

BNP Paribas will have a soft opening of its brokerage, BNP Paribas Securities Corp., on Dec. 6 in the heart of the city’s financial district at 801 Brickell.

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The Paris-based bank told the Business Journal in January that it committed to a seven and a half year lease for its 7,665-square-foot broker-dealer office in Miami by the fall to better support clients and the growth of its global markets business.

In August, BNP Paribas Securities named its New York Global Macro Sales managing director Matt O’Connor and the CFO of its Corporate and Institutional Banking (CIB) Mexico Annabella Espina to lead the Miami office.

BNP Paribas Securities said its inaugural Florida office on Brickell Avenue will house nearly 50 full-time employees over the next two years. Additionally, the company invested $3 million in its workspace facilities and infrastructure and plans to invest additional funds into its office. Some of the other financial firms in the building include New York-based Mastercard, Miami fintech Novo, San Francisco-based Charles Schwab and offices for the U.S. Securities Exchange Commission.

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Its investment services will focus on credit, equities and macro products geared toward institutional investors. BNP Paribas Securities is a subsidiary of BNP Paribas, S.A., registered broker-dealer with the U.S. Financial Industry Regulatory Authority and Securities Investor Protection Corporation with U.S. headquarters in New York.

Offices in Miami’s Brickell Financial District have been increasingly sought after by investment companies as both the region and state economies bolster through wealth migration of individuals and corporations. Financial firms like Ken Griffin’s Citadel has its new headquarters planned along Brickell Bay Drive and private equity giant Thoma Bravo secured a lease for workspace in 830 Brickell – which is still under construction.

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