BNP Paribas gains execution services head from Deutsche Bank deal
Brian Fagen had previously spent nine years with Deutsche Bank, and recently joined BNP Paribas following the substantial prime brokerage deal between both banks.
Brian Fagen had previously spent nine years with Deutsche Bank, and recently joined BNP Paribas following the substantial prime brokerage deal between both banks.
BNP Paribas suffers similar fate to Societe Generale as equities revenues plummet due to dislocation in hedges at height of coronavirus crisis.
Agreement between custodian and asset manager will include BNP Paribas using Aladdin to perform middle-office outsourced services.
The global pandemic is likely to cause a spike in outsourcing and according to custodian banks the biggest trend so far has been towards their outsourced trading services.
Stock links and connects are highly contrived and usually unnecessary, but Richard Meyer finds out that when they are needed, they tend to work well.
FX settlement provider CLS has added three major investment banks to its blockchain-based netting platform, with nine institutions now live on the service.
BNP Paribas CEO Jean-Laurent Bonnafé says Deutsche Bank prime brokerage business transition is proceeding very swiftly, with restructuring costs expected to reach €100 million this year.
JP Morgan nabs top market share in European fixed income, as e-trading grows to 45% of overall trading in the market in 2019.
BNP Paribas follows JP Morgan and Citigroup in establishing an FX pricing and trading engine in Singapore.
James Rowe joined BNP Paribas from RJ O’Brien in 2015 to lead eSales across listed derivatives in Europe.