BNP Paribas announced appointments to its fixed income business in New York.
Sean Farrell joined as a managing director to head the newly formed U.S. short term team created to cover accounts for both rates and credit short duration products. Farrell has previously held positions at Countrywide and UBS. The new hire is reporting to Patrick McKee, head of North America credit sales and Mallory Brooks, head of U.S. interest rate sales.
Marc Badner was hired as managing director in North American credit sales. He was previously at Royal Bank of Scotland where he spent four years in credit sales and before that, worked at Morgan Stanley and Lehman Brothers. In the new role, he will cover hedge funds, insurance firms and asset managers. He is also reporting to McKee.
Joseph Lyons is now director in North America credit sales. Lyons has been working in North American credit markets for nine years, four of which were at Goldman Sachs in Chicago and five at Morgan Stanley in New York and Chicago. He also reports to McKee.
Keith Price was hired as a director in the U.S. inflation business where he has started trading TIPS. He brings client-franchise development and risk management skills. His career includes positions at Deutsche Bank and Barclays Capital. Price reports to Jeremie Banet, head of U.S. inflation trading.
"BNP Paribas fixed income is enjoying an exciting time of growth in the U.S," said Bob Hawley, head of fixed income, Americas said, “We are using our strong and diverse product offering as well as our 'AA' credit rating to develop our business”.
“The bank will continue to deepen our relationships with hedge funds and continue to focus on bolstering our business with money managers, pension funds and insurance companies," Kip Testwuide, head of origination and distribution in fixed income added. "We will continue to selectively hire to accomplish this.”