BNP Paribas Corporate & Investment Banking (‘BNP Paribas') is pleased to announce the appointment of Robert McAdie to the newly-created role of Global Head of Credit Research and Strategy, as the bank continues to grow its Credit business worldwide and to reinforce its long-standing commitment to research and strategy.
Robert joins BNP Paribas in August and will be based in London. He will report directly to David Brunner, Deputy Global Head of Fixed Income.
Robert brings more than fifteen years of top-level experience in research and strategy to BNP Paribas. Most recently, he was Global Head of Credit Strategy and European Head of Credit Research at Barclays Capital in London, where he had been since 2004. From 2000 to 2004, Robert led the European Credit Strategy team at Lehman Brothers. He also spent six years at Salomon Brothers in London, where he held the position of Head of European Emerging Markets Strategy.
In his new role, Robert will be responsible for overseeing BNP Paribas's global credit research function, which encompasses independent credit research and strategy. He will also be responsible for sector specialists, in conjunction with the credit trading desks.
BNP Paribas's credit research and strategy is already ranked among the top 5 globally, according to Euromoney's Fixed Income research poll.
BNP Paribas continues to have ambitious plans for its global Credit business. Christian Mundigo and Benjamin Jacquard were recently appointed Global Co-Heads of Credit Trading, based in New York and London respectively. A significant number of hires have also been made to the US Credit platform in recent weeks, as the bank looks to accelerate the growth of the US credit business, as well as to consolidate its leading position in Europe.
Commenting on the strategic importance of this new hire, David Brunner said: “Robert's appointment reinforces BNP Paribas's long-standing commitment to credit research and strategy and will help to ensure that we actively follow all major markets, serving institutional clients around the world. The globalisation of our research teams is an essential part of the growth of our credit business worldwide and will also allow the bank to expand its global franchise with Investment Managers.” About BNP Paribas
BNP Paribas (www.bnpparibas.com
) is one of the six strongest banks in the world* and the largest bank in the eurozone by deposits. With a presence in more than 80 countries and more than 200,000 employees, including 160,000 in Europe, BNP Paribas is a leading European provider of financial services on a worldwide scale. It ranks highly in its three core activities: Retail Banking, Investment Solutions and Corporate & Investment Banking. In Retail Banking, the Group has four domestic markets: Belgium, France, Italy and Luxembourg. BNP Paribas is rolling out its integrated model across the Europe-Mediterranean zone and boasts a large network in the United States. BNP Paribas Personal Finance is the leader in consumer lending in Europe. In its Corporate & Investment Banking and Investment Solutions activities, BNP Paribas also enjoys top positions in Europe and solid and fast-growing businesses in Asia.
* Rated AA by Standard & Poor's i.e. 3rd rating level on a scale of 22.
For further information, please contact:
Celeste Brown, Corporate Communications, London +44 20 7595 4653
Shani Halstead, Corporate Communications, London +44 20 7595 2436