BNP in trading shake-up

BNP Paribas has moved its global head of interest rate and foreign exchange trading, Guillaume Amblard, to a new position as global head of fixed-income trading.

Amblard will retain his existing responsibilities, but will now also head the quantitative research team within fixed income. He will report to Frederic Janbon, global head of fixed income at the bank.

“ The new organisation will clearly facilitate a pan-fixed income approach,” said Amblard.

In addition, he will take over the structured credit and flow credit trading teams.

"In a market where themes propagate quickly across asset-classes and where a given theme is priced differently within each product and asset class, it is important to establish smooth lines of communication across products (flow and structured) and across asset classes, to avoid being blindsided by flows and to optimise the allocation of risk and balance sheet," Amblard added.

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