Building on its U.S. expansion in the Corporate Bond Business, BNP Paribas announces today the hiring of three seasoned salespeople to staff its High Grade sales team in Chicago. In addition, the Firm announces the hire of a new Head of High Grade Debt Syndicate in New York, and the addition of a new salesperson to the High Grade desk.
In Chicago, Joan Lynch joins from UBS where she was a senior salesperson. Prior to UBS, Joan worked in the same position, from 1994 to 2000, at PaineWebber and previously at Kidder, Peabody.
Joining Lynch in Chicago are Colleen Navigato and Thomas Willsey. Navigato also joins BNP Paribas from UBS. From 1993 to 2000, Navigato worked as a senior salesperson at PaineWebber and, prior to this, at Prudential Bache Securities for three years.
Willsey joins BNP Paribas from PaineWebber where he was a vice president in institutional fixed income sales. Prior to this, Willsey worked in the same position, from 1995 to 1997, at Citicorp Securities and, from 1998 to 1995, at Kidder, Peabody & Co.
Lynch, Navigato, and Willsey will report directly to August Wolf, BNP Paribas Head of High Grade Sales in New York.
"The establishment of a Chicago High Grade Sales team allows BNP Paribas to better serve our growing client base in the Middle and Western Regions of the U.S.," stated David Fergione, BNP Paribas' Head of High Grade Business in New York
In New York, Peter Masco has been appointed Head of High Grade Debt Syndicate reporting globally to Martin Egan, Head of Global Debt Syndicate in London and locally to Kip Testwuide, Head of Dept Capital Markets in New York. Masco joins BNP Paribas after 15 years with PaineWebber, where he had been Head of Syndicate and Capital Markets since 1991. Most recently, Masco also headed PaineWebber's Institutional Preferred Stock Trading Desk and was a member of its Commitment Committee. Previous to this, Masco worked from 1979 to 1986 at The First Boston Corporation.
"Peter's experience in this business will be invaluable, and is complementary to the continued expansion of the resources we have focused on growing our debt new issue business in the US," stated Testwuide.
Also joining the New York office, Virginia Cass joins BNP Paribas as a High Grade salesperson reporting directly to August Wolf. Cass, who has significant experience in the inter-dealer corporate bond market, previously worked at PaineWebber as Senior Vice President, Dealer Sales. From 1991 to 1994, Cass worked as a Vice President, Dealer Sales at Furman Selz, Incorporated and from 1986 to 1991 in the same position at Prudential Securities.
In the U.S., BNP Paribas conducts certain capital markets activities through BNP Paribas Securities Corp.; a U.S. registered broker/dealer and member of SIPC.