BNP Paribas CIB decides to create a new activity called “Distressed Finance Group” and appoints Alain Dib as Global Head of DFG, reporting to Frederic Janbon, Global Head of Fixed Income, and Dominique Rémy, Global Head of Financing businesses. Alain has 16 years of experience in Leveraged Finance and High Yield working with financial sponsors, corporate and institutional investors. He was most recently co-head of European High Yield Capital Markets.
In the US, Monique Hill will spearhead the effort and will be reporting to Alain Dib. Monique has over 30 years of diversified banking experience at BNP Paribas in the US and in Europe spent in leveraged and structured finance, restructuring and work-out, credit and counterparty risk management as well as trading. She was most recently in charge of distressed trading / special situations in the US.
BNP Paribas believes that the current market dislocation and economic outlook will bring attractive business opportunities in the fields of distressed trading, rescue financing and turnaround investing. BNP Paribas CIB is well positioned to take advantage of these opportunities, by leveraging its extensive network and its product and risk management expertise.About Corporate and Investment Banking at BNP Paribas:
BNP Paribas Corporate and Investment banking division (CIB) has 16,000 employees, deployed in over 53 countries around the world. BNP Paribas CIB excels in three fundamental sectors in particular: Derivatives
- it is one of the leading global players in rates, credit, forex, commodity and equity derivatives Capital markets
- it is amongst the top ten Euro houses for both ECM and DCM (bond issues, securitization, convertibles and shares). Structured finance
- it is amongst the world leaders for acquisition, export, project and commodity finance.
For further information please visit our website at http://cib.bnpparibas.com/About BNP Paribas
BNP Paribas (www.bnpparibas.com
) is a European leader in global banking and financial services and is one of the 4 strongest banks in the world according to Standard & Poor's. The group is present in over 85 countries, with 163,000 employees, including 125,000 in Europe and 15,000 in the United States. The group holds key positions in three major segments: Corporate and Investment Banking, Asset Management & Services and Retail Banking. Present throughout Europe in all of its business lines, the bank's two domestic markets in retail banking are France and Italy. BNP Paribas also has a significant presence in the United States and strong positions in Asia and the emerging markets.
For further information, please contact:
Shani Halstead, London - + 44 20 7595 2436
Pascal Henisse, Paris - + 33 1 40 14 65 14
Edwina Frawley-Gangahar, New York - +1 212-841-3719