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Farid Amellal is named Global Head of Credit Derivatives at BNP Paribas

BNP Paribas is pleased to announce the appointment of Farid Amellal as Global Head of Credit Derivatives with immediate effect. He will be based in London and will report to David Ovenden, Global Head of Credit.

Since 1996, Farid, 38, was the Head of Interest Rate Derivatives in Japan for BNP Paribas. Prior to that he had been the Head of Bond Options in Japan since joining BNP Paribas in 1994. Before joining the firm, he worked in Paris at JP Morgan (1993-94) as a proprietary trader and at SocGen (1989-93) as, amongst other things, the Global Head of Bond Options. He started his career in 1987 as a project manager at Murex, a software company. Farid graduated from the Ecole Polytechnique in 1982 and from the Ecole des Mines de Paris in 1984, in Engineering.

Commenting on this appointment, David Ovenden said, "I am delighted that Farid has accepted this position as he brings 11 years of experience running a derivatives business, 6 of which at BNP Paribas, to this very important role. We are very committed to building the credit side of the derivatives business at BNP Pariabs, therefore, we will be adding significantly more people globally to it in the short term."