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BNP Paribas expands its global commodity derivatives business with several key appointments

London/New York/Paris - BNP Paribas is pleased to announce a number of new hires to its commodity derivatives team in London and New York. The appointments reflect strong demand for commodity derivative products and BNP Paribas' ambitions in this business area. These appointments follow that of Jose Cogolludo, Global Head of Sales and Marketing, Commodity Derivatives, who joined from JP Morgan last week.

Lionel Semonin also joins from JP Morgan, as Global Head of the Commodity Derivatives Investors Business. Lionel will be responsible for developing the product offer to investors globally. Lionel will jointly report to Jose Cogolludo and Alexandre Benech, Global Head of Trading.

Guillaume Dechaux, joins the team as Global Head of Structured Corporate Solutions next month from Barclays Capital. Guillaume will head up marketing of structured solutions to corporate clients globally. Guillaume reports to Jose Cogolludo.

Fasil Nasim, also joins next month from JP Morgan as Head of Energy Flow Marketing in Europe. Fasil will report to Marc Fontaine, Global Head of Energy Flow Marketing in New York, and Jose Cogolludo in London.

Other recent appointments to the team in London include: Jonathan Floury, from Barclays; Silio Aparicio and Bertrand Egsbaek from JP Morgan; Ricardo Bortolotti and Antonella Annoscia from Trafigura. In New York, Rudy Kovacs joins from CSFB to assist in developing a power and physical market making capability for North America.

Commenting on these appointments, Amine Bel Hadj Soulami, Global Head of Commodity Derivatives, said: “We welcome the new members of the team at this very exciting time in our business. The latest additions will help us achieve our ambition of becoming a top tier player in the Commodity Derivatives arena. I would also like to thank the existing members of the team for their contribution to date, without whom, we would not be in the position we are in today”

About BNP Paribas
BNP Paribas ( is a European leader in banking and financial services, and ranks among the world's top 15 banks by market capitalization. It has 150 000 employees, almost 120 000 of whom are based in Europe. The group occupies leading positions in three significant fields of activity: Corporate and Investment Banking, Asset Management & Services and Retail Banking. It is present in 85 countries and has a strong presence in all the key financial centres. Present throughout Europe, in all its business lines, France and Italy are its two domestic markets in retail banking. BNP Paribas enjoys a significant and growing presence in the United States and leading positions in Asia and in emerging markets.