BNP Paribas takes Credit Suisse equity derivatives team

BNP Paribas has poached a three-strong equity derivatives sales team from Credit Suisse in Frankfurt.

Markus Wedel, who was formerly in institutional sales and responsible for equity flow derivatives at Credit Suisse, has joined BNP Paribas as head of equity derivatives flow and financing sales for Germany, Austria and Switzerland. He continues to be based in Frankfurt and reports to Claudio D’Angelo, head of equity derivatives flow and financing institutional sales for Europe and the Middle East.

Federico Ursino and Alexander Neumann, who reported to Wedel at Credit Suisse, have also defected to BNP Paribas. As members of the equity derivatives flow and financing sales team for Germany, Austria and Switzerland, they will continue to report to him and remain in Frankfurt.

The three new hires complement Christian Schuetze, who joined the bank in March from WestLB, and also works on the team.