BNP Paribas is to make a number of changes to its European debt syndicate group, as part of a broad plan within Fixed Income to strengthen its debt capital markets franchise and focus resources to key strategic areas.
With effect from 1 March 2008, Robert Whichello, co-head of European Syndicate, will have new responsibility for emerging markets, a core area of growth for the bank, as Luc Cardyn, previously in charge of emerging markets, leaves to take a senior position for BNP Paribas in Asia. Robert and Fred Zorzi will continue to run jointly the European Syndicate desk, including emerging markets and EMTNs, as well as to manage BNP Paribas’ historically strong issuer relationships.
In an effort to also strengthen further our frequent borrower business, Frair Appleby-Walker, previously responsible for Sterling issuance will now focus on multi-currency SAS business but will remain the bank’s Sterling issuance sponsor. Sterling execution will be split between Frair, Rupert Lewis for investment grade corporate bonds and Hans Lentz for all international financial bonds.
“The ongoing turbulence in the market has reinforced the importance of providing best execution. Our strong syndicate professionals have the expertise and experience to manage these conditions, as well as to help propel the bank forward as a leading DCM house,” says Martin Egan, global head of Primary Markets, BNP Paribas.