BNP Paribas Corporate and Investment Banking has announced that, as of 1st October 2013, its Fixed Income business will be managed across four global product lines and three regions.
This evolution in management structure reflects the need to adapt to market changes, namely: growth in flow activities, an increase in electronic execution and wider access to debt capital markets, and to regulatory changes. In this context, changing the structure will align the business ever more closely to meeting client needs.
The four new global product lines are:
FX and Local Markets, headed by Guillaume Amblard;
G10 Rates, headed by Arne Groes;
Credit, headed by Benjamin Jacquard, who will now join the Fixed Income Executive Committee.
Primary Markets headed by Martin Egan and which includes Origination, Syndicate, Primary Derivatives and Securitisation. He will remain UK Head of Fixed Income. Furthermore, Egan will be responsible for the global co-ordination of the Fixed Income commercial strategies with corporates.
FX and Local Markets, G10 Rates and Credit will be organised along global product lines covering Flow and Structured Products. Each one of them will comprise Strategists, Specialist Sales, Trading and Structuring.
From a geographic perspective, all our Europe, Middle East and Africa activities will be re-grouped into a larger EMEA Region, with Henri Foch becoming Head of Fixed Income EMEA in addition to his role as Deputy Head of Fixed Income. Christian Mundigo and Kip Testwuide remain co-Heads of Fixed Income in the Americas and Bob Hawley will continue to lead the Fixed Income platform in Asia-Pacific.
Rudi Collin will remain Fixed Income Chief Operating Officer.
Frédéric Janbon, Global Head of Fixed Income commented, 'Our Fixed Income management structure has remained constant for quite a while. Significant market and regulatory changes, coupled with the impressive growth of our Fixed Income business mean that we too, need to adapt. In addition to helping us capture growth, we believe this organisation will improve resource allocation and shorten decision-making cycles, ultimately helping us to better serve our clients'.