BNP Paribas makes major reshuffle to global markets business

BNP Paribas has made a number of leadership changes to its electronic trading, prime services and derivatives teams across the global markets business.

BNP Paribas has made a series of high-level appointments to its markets businesses, with the aim to integrate its electronic trading and technology teams.

The French bank has made a number of changes to its European and Asian markets business, while its head of international prime services, Matthew Pinnock, is set to depart The TRADE understands, sparking a reshuffle to the prime brokerage unit.

Kieron Smith, its current global head of derivatives execution and clearing, will become deputy head of prime services & financing, while Raphael Masgnaux will become the sole head of G10 rates and prime services & financing (PS&F).

According to an internal memo seen by The TRADE, BNP Paribas aims to integrate its technology and markets teams with a focus on its digital capabilities.

It has appointed Cyril Cottu, co-head of electronic market making and commerce, to a new role as head of digital and eCommerce for global markets. BNP Paribas has also promoted its other co-head, Alexandre Benech, to become global head of electronic trading.

Meanwhile BNP Paribas will relocate its head of European markets, Pascal Fischer, to Hong Kong to lead its Asia Pacific markets team.

In the US, it has made John Gallo and Hubert de Lambilly head of sales and head of trading for global markets Americas respectively.  Gallo joined BNP Paribas in November as head of institutional sales for the Americas.

Furthermore BNP Paribas’ head of global markets Latin America, Francisco Oliveria, will relocate from New York to London and jointly run the foreign exchange, local markets and commodity derivatives business line alongside Adrian Boehler 

The reshuffle to its global markets business comes just over three months after it made similar changes to its global agency lending team.