BNP Paribas senior European derivatives sales executive departs


The head of electronic sales for listed derivatives in Europe at BNP Paribas has left after four years, The TRADE understands. 

James Rowe, head of eSales for listed derivatives in EMEA, confirmed his departure in a post on Linkedin, after serving four years its within the prime solution and financing (PSF) derivatives execution and clearing (DEC) division. A spokesperson at BNP Paribas declined to comment on the departure. Rowe is now on gardening leave.

“I’ve had a very rewarding four years within the PS&F DEC business and have witnessed the exchange traded derivatives electronic execution business grow from its humble beginnings to a best in class offering,” Rowe said. “Special thanks to all of those that have helped me along the way. Your support & guidance is much appreciated.”

Rowe joined BNP Paribas in 2015 from US futures broker RJ O’Brien where he spent almost two years as head of electronic trading services in the UK. Prior to that, Rowe was part of the prime clearing services, electronic execution sales team at Societe Generale for just over three years. He has also held sales roles at KCG and ConvergEx Group, having started out as a trader at Goldman Sachs within the investment management division.

Earlier this year, BNP Paribas promoted Walid Maaouni, its former European equity derivatives hedge fund sales head, to leads its global sales for the division. Maaouni began his career as an equity derivatives hedge fund sales analyst at Citigroup, before becoming an associate at Barclays Investment Bank.

BNP Paribas is now preparing to merge the prime brokerage and electronic equities business from Deutsche Bank, after gaining regulatory approval for the deal. Deutsche Bank is transitioning its electronic equities and prime brokerage clients to BNP Paribas after moving to restructure its business with drastic targeted cost reductions and the loss of 18,000 full-time positions.

BNP Paribas said in November it will take more than a year to complete the transition of Deutsche Bank’s clients, but it expects to gain around €400 million in additional revenues from the transition upon completion.



Source link

Add a Comment