BNP Paribas co-heads of fixed income in the Americas, Kip Testwuide and Christian Mundigo, are being replaced by Bob Hawley, who now leads the business in the Asia-Pacific region.
In North America, the bank is looking to 'consolidate our presence in a major market' and 'adapt the business model to changes in market infrastructure', according to a slide from a February 13th presentation.
In the meantime, Bloomberg also reports that Morgan Stanley named Shelley O’Connor to lead its brokerage workforce, the world’s largest, replacing Doug Ketterer, who was appointed head of strategy and client management.
Eric Heaton was named to succeed O’Connor as head of the private banking group, Greg Fleming, president of wealth management for Morgan Stanley, said in a memo to employees.
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