Arne Groes becomes Global Head of Distribution, responsible for all sales to financial institutions and investors. Martin Egan is appointed Global Head of Primary Markets and Origination, which includes global responsibility for Debt Syndicate, Securitisation and Capital Markets' origination activities. David Brunner is appointed Deputy Head of Fixed Income.
Arne, Martin and David are based in London and report directly to Frédéric Janbon, Global Head of Fixed Income.
Arne joined BNP Paribas in 2008 as Global Head of Flow Credit Trading and was instrumental in the successful rebuilding of the bank's global flow credit franchise. Arne previously spent ten years at ABN Amro, where he gained a wealth of experience across interest rates, foreign exchange, credit and emerging markets as Global Head of Financial Markets Trading. Prior to that, Arne also worked at UBS, Credit Suisse First Boston and SE Banken.
Martin joined BNP Paribas in 2001 as Global Head of Debt Syndicate, with responsibility for Global Debt Capital Markets and was later promoted to Global Head of Primary Markets and Securitisation. Martin previously spent seven years with Credit Suisse First Boston, where he worked as a Director and Syndicate Manager. Prior to that, Martin spent eight years at UBS. Under Martin's leadership at BNP Paribas, the bank's primary markets business has enjoyed notable worldwide success in the international bond markets – BNP Paribas' presence has continued to expand across the dollar, yen, sterling and swiss franc bond markets.
Martin and Arne will work closely together to ensure the continued growth of Fixed Income's global client franchise and business worldwide. They will share the management of Corporate Sales & Marketing, as well as of the Structuring and Advisory teams.
David brings extensive experience to his new role, having worked at BNP Paribas in a number of senior positions in Europe and the US over the past two decades. Most recently, David was Global Head of Origination and Distribution for Fixed Income and was previously Head of Fixed Income in New York.
In Fixed Income Trading, Christian Mundigo and Benjamin Jacquard are appointed Global Heads of Credit Trading, assuming together responsibility for all Global Credit activities, Structured and Flow, as well as Fixed Income Arbitrage. This change will advance BNP Paribas's ambition to grow the Global Credit business, maintain a leading position in European markets and accelerate the expansion of its US$ activities in the UK and Asian markets, serving clients worldwide.
Christian joined BNP Paribas in 1991 and has worked in number of senior trading roles, most recently as Head of Fixed Income Trading in the Americas and Global Co-Head of the Interest Rate Group (IRG) with Pierre Renom. In addition to his new role, Christian will continue his responsibilities as Head of Fixed Income Trading Americas.
Benjamin joined BNP Paribas in 2008 as Global Head of Structured Credit and Arbitrage Trading. He was previously in charge of the structured credit business at Calyon and also built or managed exotic credit trading and structuring teams at Bank of America, Credit Agricole and CPR.
Pierre Renom becomes Global Head of Interest Rates Trading, with the objective to maintain the bank's leading position in Europe, advance further its USD presence and promote globally its key positions in Japan and in Asia. Pierre has worked at BNP Paribas for over two decades, most recently as Global Co-Head of IRG. Prior to that, Pierre was Global Head of Short-Term Interest Rates Trading.
Eric Auld and Hubert de Lambilly continue in their responsibilities for Global Foreign Exchange, where the bank has ambitious market share goals and electronic distribution objectives, following the launch of BNP Paribas FX eTrader in November 2009.
Christian, Benjamin, Pierre and Eric all report to Guillaume Amblard, Global Head of Fixed Income Trading.
BNP Paribas also recently announced new senior management positions in Asia: Hiroshi Yamazaki and Adrian Averre as Heads of Fixed Income Japan, and Patrik Sandin as Head of Origination and Distribution in Asia ex-Japan.
Commenting on these management changes, Frédéric Janbon said: “We have achieved significant growth in Fixed Income in recent years and made great strides in the development of our global client franchise, further enhanced by the integration of BNP Paribas Fortis teams. We plan to continue the growth of our client business with a particular focus on investment managers worldwide. Our growth objectives will include development of our U.S., Asia and emerging markets product platforms. These appointments will help drive these ambitions forward."
BNP Paribas Corporate and Investment Banking
BNP Paribas Corporate and Investment Banking employs 19 600 people in over 50 countries and services 13,000 corporate and institutional clients worldwide.
BNP Paribas CIB excels in:
Derivatives - where it is one of the leading global players in rates, credit, forex, commodity and equity derivatives.
Capital markets - where it is one of the top European houses in both ECM and DCM (bond, securitization, convertibles and equity issuance)
Structured finance - where it is amongst the leaders in acquisition, export, project, energy and commodity finance globally.