BNP Boosts Hedge Fund Client Servicing Team

Oct 28 2008 | 2:01pm ET

BNP Paribas has announced a new hire and a series of promotions as it seeks to create a unified hedge fund client servicing group.

The French firm has added John Polivko to head the new team, which BNP bills as a global, transversal, multi-asset “single point of entry for hedge funds.” Polivko will be based in New York, and joins BNP from Merrill Lynch, where he led the prime brokerage client service organization. Prior to joining Merrill, he was a director at Bear Stearns’ prime brokerage.

BNP has also named three regional directors, reporting to Polivko. Victor Baker, a 10-year BNP veteran most recently working in fixed-income client services, has been named regional head of the Americas, based in New York. Neil Spice will serve as regional head of Europe, the Middle East and Africa, based in London. Like Baker, Spice most recently worked in fixed-income client services at BNP after joining the firm from the Bank of New York.

Jacqueline Man, formerly responsible for Asian client services for secondary client offering post-trade, EQD, will be the regional director in Asia, based in Hong Kong. Man worked at Merrill Lynch before joining BNP four years ago.

"Hedge Funds are a very important client base for BNP Paribas, following the acquisition of Bank of America's Prime Brokerage business as well as the growth of the hedge fund relationship managements team, the creation of this function is another step in better serving those clients," Talbot Stark, global head of hedge fund relationship management, said.


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