BNP Paribas hires from Bernstein for new Asian equity agency program trading head
New hire brings more than two decades of experience to the role, and also previously served at firms including Fidelity, Sanford C. Bernstein and TT International.
New hire brings more than two decades of experience to the role, and also previously served at firms including Fidelity, Sanford C. Bernstein and TT International.
BNP Paribas, Citi and CACEIS back initiative to streamline settlement and custody across EU markets.
Move is set to enable multilateral netting across FX transactions, and marks an expansion of CLS’ PvP settlement offering.
This past week saw a flurry of moves across the industry, including a global head of electronic trading, head of electronic fixed income, and a senior credit desk hire.
New appointment has worked across the fixed income industry for more than 10 years, at firms including the UK Debt Management Office, BGC Partners, LXM Group and RP Martin.
Previous roles include senior positions at: Citi, Morgan Stanley and UBS Investment Bank.
BNP Paribas entered into a definitive agreement to acquire AXA Investment Managers in a €5.1 billion deal in August 2024.
Individual previously spent three years at BlackRock in various senior roles, and has also worked at Citi and Capital Group.
The TRADE sits down with Gary O’Brien, head of bank and broker segment strategy, securities services at BNP Paribas, to explore the upcoming shift to T+1 in Europe, how this may impact the industry, and look ahead to how this will align with further developments in the markets.
BNP Paribas, Deutsche Bank, JP Morgan and Morgan Stanley are among the banks taking a 20% ownership stake, in exchange for £170 million in the deal.