BNP Seeks Cap. Intro, Sales Pros In Prime Brokerage Hiring Push

Jun 10 2010 | 10:53am ET

BNP Paribas is in the midst of a major hiring spree for its prime brokerage business, which it acquired two years ago from Bank of America.

Last week, the firm added Satyan Shah, formerly of Weston Capital, to its capital introduction team in New York. Now, Shah’s new boss, Emma Sugarman, is set to hit the road seeking to hire as many as five or more new cap-intro specialists around the globe.

Sugarman will head to London later this month, where she’ll try to hire at least two people for BNP’s London office, and may add one to its Paris office, as well. She’ll then head to Hong Kong to interview candidates for two other posts there, Hedge Fund Alert reports.

In April, BNP added new cap-intro professional in New York and Dallas.

BNP isn’t focusing exclusively on cap-intro, either. The firm is said to have several new hires on their way to the sales division, with additional salesman expected to join throughout the year. More new hires are expected when BNP expands its sales effort from the U.S. to Europe.

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