SOURCE: BNP Paribas

BNP Paribas

November 04, 2009 16:17 ET

BNP Paribas Corporate and Investment Banking Hires for Fixed Income in New York

NEW YORK, NY--(Marketwire - November 4, 2009) - BNP Paribas is pleased to announce the following appointments to its Fixed Income business in New York.

Sean Farrell joins as a Managing Director to head the newly formed US Short Term team that has been created to cover accounts for both Rates and Credit short duration products. Sean brings 22 years of experience to the role including positions held at Countrywide and UBS. He reports to Patrick McKee, head of North America credit sales and Mallory Brooks, head of US Interest Rate Sales.

Marc Badner starts as a Managing Director in North American credit sales. He joins from RBS where he spent 4 years in credit sales and prior to that worked at Morgan Stanley and Lehman Brothers. In his new role he will cover hedge funds, insurance companies and asset managers. He reports to Patrick McKee.

Joseph Lyons joins as a Director in North America credit sales. Joseph has been working in North American credit markets for 9 years, 4 of those at Goldman Sachs in Chicago and 5 at Morgan Stanley in New York and Chicago. He also reports to Patrick McKee.

Keith Price joins as a Director in the US inflation business where he has started trading TIPS. He brings a wide-array of client-franchise development and risk management skills. His career includes positions at Deutsche Bank and Barclays Capital. Keith reports to Jeremie Banet, head of US Inflation trading.

Commenting on the appointments, Bob Hawley, head of Fixed Income, Americas said, "BNP Paribas Fixed Income is enjoying an exciting time of growth in the US. We are using our strong and diverse product offering as well as our AA credit rating to develop our business."

Kip Testwuide, head of origination and distribution in Fixed Income added, "The Bank will continue to deepen our relationships with hedge funds and continue to focus on bolstering our business with money managers, pension funds and insurance companies. We will continue to selectively hire to accomplish this."

About BNP Paribas Corporate and Investment Banking

BNP Paribas Corporate and Investment banking division (http://cib.bnpparibas.com/) has almost 17,000 employees, deployed in 53 countries around the world. BNP Paribas CIB excels in three fundamental sectors in particular:

Derivatives -- it is one of the leading global players in rates, credit, forex, commodity and equity derivatives.

Capital markets -- it is amongst the top ten Euro houses for both ECM and DCM (bond issues, securitization, convertibles and shares).

Structured finance -- it is amongst the world leaders for acquisition, export, project and commodity finance.

About BNP Paribas

BNP Paribas (www.bnpparibas.com) is one of the 6 strongest banks in the world according to Standard & Poor's*. With a presence in 85 countries and more than 205,000 employees, 165,200 of which in Europe, BNP Paribas is a global-scale European leader in financial services. It holds key positions in its three activities: Retail banking, Investment Solutions and Corporate & Investment Banking. The Group benefits from its four domestic markets: Belgium, France, Italy and Luxembourg. BNP Paribas also has a significant presence in the United States and strong positions in Asia and the emerging markets.

* Within its peer group

Contact Information

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