NEW YORK, NY--(Marketwired - Feb 12, 2014) - BNP Paribas Corporate and Investment Banking is pleased to announce that Andy Ruckh has joined Global Equities and Commodity Derivatives business in New York as Head of US ETF Trading. The move reflects an expansion of the bank's US ETF Trading capabilities designed to provide additional service and expertise to a range of clients. Ruckh will report to Luke Edwards, Head of Cash Equities.
The hire is set to complement the bank's existing offering in options and cash equities trading.
"Andy's experience as a senior ETF Trader and his excellent relationships in the industry will be crucial as we seek to offer ETF Trading facilitation to our wide-ranging clientele," commented Chris Innes, Head of Equities, Americas, for BNP Paribas. "We look forward to adding this as a complementary service to our existing product offering to a range of institutional clients, including Asset Managers and Registered Investment Advisors" he added.
BNP Paribas possesses a strong ETF trading franchise in Europe (ranked 5th for All Asset Classes for European ETFs in 2013 by Markit MSA), with the U.S. build-out being able to leverage this, and complement its existing U.S. electronic trading capabilities in ETFs.
Ruckh brings 20 years of experience in the industry to BNP Paribas, having most recently served as Head of US ETF Trading at Bank of America/Merrill Lynch. Prior to which, Andy was Head of ETF trading positions at both Jefferies and Deutsche bank.
About BNP Paribas:
BNP Paribas (www.bnpparibas.com) has a presence in nearly 80 countries with 190,000 employees, including 145,000 in Europe. It ranks highly in its three core activities: Retail Banking, Investment Solutions and Corporate & Investment Banking. In Europe, the Group has four domestic markets (Belgium, France, Italy and Luxembourg) and BNP Paribas Personal Finance is the leader in consumer lending. BNP Paribas is rolling out its integrated retail banking model across Mediterranean basin countries, in Turkey, in Eastern Europe and a large network in the western part of the United States. In its Corporate & Investment Banking and Investment Solutions activities, BNP Paribas also enjoys top positions in Europe, a strong presence in the Americas and solid and fast-growing businesses in Asia-Pacific.
Brokerage services and/or securities products are offered through BNP Paribas Securities Corp., an affiliate of BNP Paribas, a U.S. registered broker-dealer and a member of SIPC, FINRA, the NYSE and other principal exchanges, whose primary office is at 787 Seventh Avenue, New York, NY 10019.