BNP Paribas strengthens its sterling market capabilities

February 7, 2013

BNP Paribas Corporate and Institutional Banking is pleased to announce a number of new appointments to its Fixed Income business in London, bolstering its sterling market capabilities.

Headquartered in London, Fixed Income is a global platform serving local and international clients and these appointments serve to further enhance the Bank’s client offering in sterling-based assets around the world.

The following appointments have been made with immediate effect:

Sean Richards and Axel Bleymann join the credit trading team, reporting to Olivier Renart, Head of Flow Credit Trading Europe and Jonathan Lett, Head of Financials Credit Trading. Sean will be responsible for trading sterling corporate credit and joins from RBS, where he covered ABS and sterling investment-grade corporate bonds across all sectors. Axel will be responsible for trading sterling financials and joins from Deutsche Bank where he spent eight years building up its sterling financials trading capacity.

Nick Wall joins the sales team as Senior UK Rates Sales & Gilt Product Manager, reporting to Joe Squires, Co-Head of European Rates Sales. Prior to joining BNP Paribas, he spent nine years at Goldman Sachs in Rates Sales covering UK real money managers. In addition to establishing Morgan Stanley’s Gilt-Edged Market Making client franchise, Nick’s earlier career included a nine year period in asset management at Morgan Grenfell, Fleming and Baring. Nick’s appointment comes further to the hire of Matt Turner who joined the UK credit sales team in late 2012, reporting to Nick Tudball, Head of UK Real Money Credit Sales; prior to joining BNP Paribas, Matt was part of the UK credit sales team at RBS.

Alexandre Houget is relocating from the Singapore office to become Head of Sterling Rates Trading, reporting to Mathieu Gaveau, Global Head of IR Options, Inflation & GBP Trading. He brings a wealth of experience in client franchise development, market-making of cash and derivatives products, and risk management. Since he joined BNP Paribas in 1998, Alexandre has been instrumental in positioning BNP Paribas as a Tier 1 bank in the Australian dollar market as part of his contribution to significantly growing our trading capacity in Asia ex-Japan.

Martin Egan, UK Head of Fixed Income, commented on the appointments:

“These appointments illustrate our commitment to developing a deeper rates and credit business in sterling. With AuM invested in fixed income estimated to be in excess of £1.6trn*, BNP Paribas’ sterling product offering – encompassing conventional and inflation-linked – is key to our investor and issuer client franchise.”

 *Asset Management in the UK 2001-2012, The IMA Annual Survey