As BNP Paribas closes the book on an eventful 2006, its credit derivatives structuring team continues to expand. These new additions mean more opportunities for the firm and further growth in store for 2007.
Herve Besnard, who leads the 20-member London-based team, welcomed Ronald Nittenberg as the latest addition to the credit derivatives group. Nittenberg joins the team from JPMorgan and will focus on regulatory and accounting trade, an area that has seen expansion driven by the regulatory shift from Basel I to Basel II. "We want to make sure our clients are getting an efficient regulatory capital deal within the new opportunities available in this shifting environment," Besnard said.