BNP Paribas Adds Executive

Jun 30 2006 | 8:40pm ET

BNP Paribas has appointed Matthew Flannery to serve as director on the customer equity finance trading desk. In his new role, Flannery will help grow BNP Paribas' customer equity swaps and synthetic prime brokerage business. He will report to the head of equity finance customer trading in the Americas, who has not yet been named.

Flannery joins BNP Paribas from Deutsche Bank, where he has worked for the last eight years, most recently as a senior trader on the equity finance platform. He was responsible for facilitating hedge funds for equity swaps and other synthetic financing products.

Todd Steinberg, head of equities and derivatives in the Americas at BNP Paribas said, "We are AA rated, have a $1.3 trillion balance sheet and have excellent hedge fund relationships. Given these strong capabilities, we are committed to building a robust customer equity swaps and synthetic prime brokerage business."

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