Pacini promoted, Tranter departs as BNP merges sales roles

BNP Paribas Corporate & Investment Banking in London has merged sales roles in its equity derivatives operation under the leadership of Jean-Eric Pacini. Pacini's expanded sales role includes responsibility for flow sales, a business previously headed up by Nick Tranter, who has left the bank. The changes are part of a restructuring at the bank following the announcement of financial results for 2008 last week that included nearly 2 billion euros of losses in the CIB division.

Pacini will report locally to Shaun Wainstein, head of equities & derivatives in London, to Remi Frank, global head of sales for equities and derivatives, and to Eric Le Brusq, deputy head of sales for equities and Derivatives in Paris. Pacini took over the London-based structured products sales team at BNP in 2005.

He will work closely with the heads of the product lines within equities and