BNP Paribas promotes veteran to global trading function head for asset management
Sophie Lugiez replaces Philippe Boulenguiez as head of global trading function at BNP Paribas Asset Management after 25 years with the French investment bank.
Sophie Lugiez replaces Philippe Boulenguiez as head of global trading function at BNP Paribas Asset Management after 25 years with the French investment bank.
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.