Thursday, 24 July 2014
Last updated 2 hours ago
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.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…