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.

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