BNP Paribas’ global co-head of global macro and global credit, Francisco Oliveira, has left the bank, following its decision to consolidate its fixed income divisions.
Francisco Oliveira
Announced internally this week, the bank is set to “create scale” by consolidating its fixed income divisions into one global business line for Fixed Income, Currencies and Commodities (FICC).
Arne Groes has been appointed as the global head of FICC, effective 1 October.
“In order to create scale across fixed income activities, we have announced the creation of a single Fixed Income, Currencies and Commodities (FICC) global business line. This will allow us to offer the most comprehensive and innovative solutions to clients as we continue our strategy to become the number one European markets house globally,” said BNP Paribas in a statement.
“Francisco Oliveira […] decided to pursue new opportunities outside BNP Paribas. Over a 20 year commitment to the bank, he played an instrumental role in driving the success of our Fixed Income business and we wish him all the very best with his future endeavours.”
Oliveira originally joined BNP Baribas as part of its corporate and institutional banking division in 2017 as deputy head of Hispanic, LATAM CIB.
Since joining he has served in a number of roles across FX, commodities, local markets and global credit, rising through the ranks to his most recent role as global co-head of global macro and global credit in 2022.
Prior to joining BNP Paribas, he served for almost a decade at Credit Suisse as its co-head of Brazil FID based in Brazil.