BNP Paribas reorganises its investment banking division
BNP Paribas revamps investment bank, with new roles for Osty and Janbon; Credit Suisse loses fixed-income e-commerce head; Sobotka retiring from BAML; Deutsche hires ex-Goldman Sachs partner; Cawley to lead BGC Sef
BNP Paribas has redrawn the boundaries of its corporate and investment banking division, under recently appointed head Yann Gérardin. It will be renamed the corporate and institutional banking (CIB) division, reflecting its focus on those two client types.
The institutional franchise contains a new cross-asset global markets business, to be managed directly by Gérardin, with Olivier Osty named head of sales, structuring and trading for the business. This means Frédéric Janbon, who has led the
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