BNP Prime Brokerage Layoffs

Dec 8 2011 | 12:58pm ET

BNP Paribas' prime brokerage is not immune to the shake-up at the top of the French bank.

Several members of the bank's prime brokerage business have been laid off, HFMWeek reports. At least three account executives were let go, and BNP has also reduced the number of client services jobs.

The axed account executives are Lissette Figueroa, Jennifer Kirdahy and Michael McCarthy. Those cuts come as BNP has lost a few prime brokerage accounts, according to HFM.

All told, BNP has about 300 people employed in prime brokerage.

In Depth

The Importance of Stability in the Evolving Hedge Fund Administration Market

Oct 5 2015 | 8:17pm ET

Hedge fund administration has evolved from simple record keeping to an integral,...


Citadel Supports Manhattan Real Estate With Record Deal

Sep 16 2015 | 3:04pm ET

Never count hedge funds out of a big property deal. The Manhattan real estate market...

Guest Contributor

Hedge Fund Marketing To Independent RIA Firms

Sep 30 2015 | 1:56pm ET

In this contributed article, Bruce Frumerman of Frumerman & Nemeth Inc. explains...


Editor's Note