BNP Paribas creates credit arbitrage team

BNP Paribas is setting up a global credit arbitrage team, with Stéphane Delacote, previously Tokyo-based head of credit trading and derivatives for Asia-Pacific at the French bank, moving to London to head up the new division.

There he will set up the network of eight senior traders - three in London, three in New York, and two in Tokyo. “The idea is to diversify our revenues,” says Delacote in London. “We’re interested in all types of relative value arbitrage which includes credit risk, such as credit versus equity or basis of bonds versus credit default swaps.” .

Emmanuel Ramambason, who had been trading exotic credit derivatives in Tokyo, has taken over from Delacote, with the official handover period expected to end this month.

BNP Paribas has also hired Mathieu Scetbun from Crédit Agricole Indosuez in Paris to replace Ramambason

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here