Saturday, 23 July 2016
Last updated 20 hours ago
Jul 8 2009 | 1:07am ET
More than a year after buying Bank of America’s prime brokerage business, French bank BNP Paribas is boosting its hedge fund sales team in the U.S.
Tom Mahala has been appointed deputy head of prime brokerage sales for the Americas. Mahala worked at BofA before BNP bought the prime brokerage, and has served as co-head of hedge fund relationship management in the Americas since last year. In his new role, he will oversee BNP’s capital introduction group, prime relationship management ground and prime brokerage client service teams in the region.
“Tom brings 24 years of experience and successes in relationship management, prime brokerage and risk management to this role,” Aaron Ford, deputy head of equity and derivatives in the Americas, said. “Prime brokerage represents an important area of growth for BNP Paribas [Corporate and Investment Banking], and positioning a veteran such as Tom in this key role will undoubtedly help us continue to gain market share.”
Before joining BofA, Mahala worked at Bear Stearns, overseeing that firm’s most significant hedge fund relationships.