Paris/New York…BNP Paribas is pleased to announce the appointments of two senior executives to its Equities & Derivatives Management Committee: Eric Le Brusq, as deputy head of Equities & Derivatives sales worldwide, based in Paris, and Todd Steinberg, as deputy head of Equities and Derivatives for the Americas, based in New York.
Eric Le Brusq joins the firm, the 3rd of October, from Société Générale where he worked since 1994. He contributed to the development of the structured products business there and was most recently European head of sales for equity derivatives structured products.
Todd Steinberg, who joined BNP Paribas on September 19th, 2005, was most recently at Wachovia Securities where he was founder and head of equity linked products, which comprised of equity derivatives, convertible securities and equity finance. He was also an Operating Committee board member of Wachovia Capital Markets. Prior to that, he was an executive director and head of US institutional equity derivatives at UBS Securities. Todd has also held equity derivatives positions at other major Wall Street firms including Banc of America and Morgan Stanley.
Both Todd and Eric have chosen BNP Paribas in order to pursue their careers in a fast moving division, where innovation, strong clients' partnerships, and sustainable growth are a priority.
Commenting on the appointments, Yann Gerardin, global head of Equities & Derivatives said, "Equity Derivatives is one of BNP Paribas' areas of excellence and growth. Our leadership in equity derivatives, the quality of our teams, and our entrepreneurial spirit allow us to attract some of the industry's best experts, strengthening even further our already highly experienced management teams. Both Eric and Todd fully adhere to company objectives and our cultural profile, and will be instrumental in fulfilling our high ambitions."
BNP Paribas has been recognised by the most prestigious awards in the industry including: Equity Derivatives House of the Year 2004 – Risk Magazine. Best Equity Derivatives Provider in Europe 2004 – Global Finance. Equity Derivatives House of the Year – Asia Pacific 2005 – The Banker Magazine.
About BNP Paribas Equities & Derivatives
With some of the largest trading positions and leading market shares worldwide, BNP Paribas Equities & Derivatives is today among a leading player in trading, structuring and sales of equity, flow and fund derivatives, for Financial Institutions, Corporates and Retail clients. Led by an innovative strategy focused on anticipating trends and clients' needs, a team of 200 marketers from 30 different nationalities is serving clients from 60 different countries. Based in Paris, London, New York, Hong Kong and Tokyo, the sales division is supported by one of the world largest and most robust trading operation.
About BNP Paribas
BNP Paribas (www.bnpparibas.com
) is a European leader in banking and financial services, with a significant and growing presence in the United States and leading positions in Asia. The most profitable bank in the Euro zone, it has a presence in 85 countries with close to 100,000 employees. The group enjoys key positions in Corporate and Investment Banking, Private Banking & Asset Management, Insurance, Securities Services and Retail Banking.
BNP Paribas provides a full array of financial products through a portfolio of brands that cover a variety of distribution channels. With offices in New York, BNP Paribas in North America offers a broad range of corporate, investment banking and securities brokerage activities. With locations in all the major corporate and financial centers across the United States and Canada, BNP Paribas in North America serves a world-class client base of multinational corporate and mid-cap companies, major issuers and institutional buyers. As a registered NYSE member, NASD broker-dealer and member of SIPC, BNP Paribas Securities Corp. trades and markets a vast array of global and domestic fixed income and equity products.