BNP Paribas further expands commodity derivatives team

BNP Paribas has made nine new appointments to its commodity derivatives team in London and New York. These hires follow that of Jose Cogolludo, global head of sales and marketing, commodity derivatives, who joined from JP Morgan last week.

In London, Lionel Semonin also joins from JP Morgan, as global head of the commodity derivatives investors business. Semonin will be responsible for developing the product offer to investors globally. Semonin will jointly report to Cogolludo and Alexandre Benech, global head of trading.

Fasil Nasim also joins next month from JP Morgan as head of energy flow marketing in Europe. Nasim will report to Marc Fontaine, global head of energy flow marketing in New York, and Jose Cogolludo in London.

Guillaume Dechaux joins the team as global head of structured corporate solutions next month from Barclays Capital. Dechaux will head marketing of structured solutions to corporate clients globally, and will report to Cogolludo.

Other appointments to the team in London include: Ricardo Bortolotti, formerly of Trafigura, as head of commodity sales for the Italian market; Antonella Annoscia as a senior structurer, also from Trafigura; Jonathan Floury as a senior marketer, from Barclays; and Silio Aparicio and Bertrand Egsbaek as senior structurers, arriving from JP Morgan. In New York, Rudy Kovacs joins from Credit Suisse First Boston as a senior marketer.