"BNP Paribas continues to build its Corporate Bond business in the U.S.," noted David Brunner, Head of BNP Paribas Securities Corp in New York. "David's appointment underlines our commitment to this area and will serve as a catalyst for the next stage of development for the High Grade bond business."
Fergione brings more than 14 years of experience in the corporate bond market, most recently as Head of Domestic Corporate Trading at Bank of America.
The building of BNP Paribas' corporate bond business in New York is essential to the firm's objective of remaining amongst the leading European banks in the global bond markets. "This recruitment further demonstrates BNP Paribas" commitment to the U.S. dollar markets along side its historic leading position in the Euro," stated David Ovenden, Global Head of Fixed Income Credit activities for BNP Paribas.
With assets of almost 700 billion Euro as of December 31, 1999, BNP Paribas is amongst the world's largest financial institutions.