BNP Paribas has created a new specialty finance group with its global fixed income securitization business. Paul Chivers - formerly from Deutsche Bank as managing director in its global markets structured credit trading team - has joined BNP to co-head the new group with Olivier Baratier, who will be moving to New York from BNP's London office where he was responsible for structured credit and portfolio management. Three new hires join Chivers' London team, including Bertarand Loubieres, hired from Morgan Stanley, and Mark Wells, who comes from Depfa. Riccardo Eerenstein is making an internal move from BNP Paribas' principal finance team. Meanwhile, Wilfried Marchand, who was formerly at BNP's energy, commodities, export and project finance team, joins Baratier in New York.
Michael Corsi has moved to Deutsche Bank Securities as vice president in institutional sales focusing on MBS and structured products. Corsi comes from an over five-year stint at RBS Greenwich Capital where he led the CMO strategy group at the firm. At his new position, Corsi reports to Managing Directors Michael Jordan and Munir Dauhajre.