Tag: BNP Paribas

BNP Paribas

Execution Methods in Focus as Eyes Turn to Tricky Month End

Even though liquidity conditions in FX markets remain sufficiently robust to ensure a reasonably functioning market, sources say that different mechanisms are now being seriously considered – especially as the market eyes what could be a tricky quarter end benchmark Fix on Tuesday (March 31) – a time when volumes submitted for fixing are significantly […]

BNPP Names New Head of LatAm Global Markets

BNP Paribas (BNPP) has promoted Luis Berlfein to head of Global Markets Latin America, based in New York. Berlfein, who has spent more than 15 years with BNPP in senior FX roles, will report to John Gallo and Hubert de Lambilly, co-heads of Global Markets Americas. Meanwhile, Heather Orrico was appointed head of sales for […]

Renouf Joins NAB

Profit & Loss understands that Katie Renouf has joined National Australia Bank in London as a director, FX sales. She joins from BNP Paribas in London where she spent just over six years, initially in a business development role in the Channel Islands and more latterly in London in FX sales to currency and passive […]

Four Firms Join CLS’ DLT Service

CLS says that Actinver, BNP Paribas, Citibank and JP Morgan are live on CLSNet, the utility’s standardised, automated bilateral payment netting calculation service for over 120 currencies operating on a distributed ledger technology (DLT) platform. This means there are now nine market participants live on CLSNet, including Bank of America, Bank of China (Hong Kong), Goldman Sachs, Intesa Sanpaolo […]

BNP Paribas Announces Management Re-Shuffle

BNP Paribas has announced a number of senior management changes, with José Placido set to become CEO of the bank’s corporate and institutional banking (CIB) business for the Americas. Bob Hawley, the current CEO of CIB Americas, will transition to the role of vice chairman of CIB Americas when Placido begins in the role on […]

BNP Paribas to Launch Singapore e-FX Hub

BNP Paribas has unveiled plans to launch an e-FX pricing and trading hub in Singapore, supporting the bank’s efforts in spot, forwards, swaps, NDFs and options markets as well as in precious and base metals. In 2017 the local regulator, the Monetary Authority of Singapore (MAS), established what it termed the city state’s Industry Transformation […]

Symphony Partners with Tencent to Connect to WeChat

The Symphony network has announced a partnership with Tencent to connect Symphony’s community of 450,000 global markets professionals with the Weixin platform (known as WeChat outside mainland China). The firm says the integration is the first of its kind and enables two major global communities to connect and conduct business. The initiative has been backed […]

Siemans Gamesa Goes Green With FX Hedging

Siemens Gamesa Renewable Energy (SGRE) says that it has arranged ”sustainable” FX hedging  contracts, totalling €174 million, with BNP Paribas. These are the first FX hedging deals to be arranged under BNP Paribas’s new sustainable derivatives platform, which is linked to the United Nation’s (UN) Sustainable Development Goals (SDG). In a release announcing this news, SGRE […]

BNP Paribas Unveil Digital Trading Assistant ALiX

BNP Paribas has formally unveiled ALiX (Alix), a digital trading assistant, as part of its upgraded Cortex Live single dealer platform – the product was first revealed in the Digital FX Awards in Profit & Loss in April. The bank says that Cortex Live responds to growing client demand for more intelligent execution methods, more transparency […]

Boehler Joins UBS?

Market sources tell Profit & Loss that Adrian Boehler has joined UBS as global head of FX distribution. Based in London the sources say he will report to George Athanasopoulos, global head of FX, rates and credit. Boehler was last at BNP Paribas in London where he spent just over seven years in a variety of […]