Richard Thompson, currently Head of the Agency Lending Desk at BNP Paribas Securities Services in London, will be taking on a global sales and relationship role for all products offered by the Global Liquidity Services (GLS) division.
Thompson will cover principal/agency lending, foreign exchange and cash management products. He will also be responsible for directly managing GLS relationships with global clients. Based in London, he will continue to report to Sarah Fotsch, Head of Global Liquidity Services.
Tony Blanchard will take over from Thompson as Head of the Agency Lending Desk in London. For the last 15 months Blanchard has been trading on the principal desk, headed by Craig Young. Prior to that, have spent 3 years as a trader on the agency desk. He will also report to Sarah Fotsch.
Alexandre Roques will join the Agency Lending trading team from the Paris Middle Office as a junior trader. He will report to Blanchard.
The changes take effect from 1 February 2005.