BNP PARIBAS Corporate & Investment Banking (CIB) is pleased to announce the promotion of Benjamin Jacquard as Global Head of Credit Trading. Benjamin will be based in London, reporting to Guillaume Amblard, Global Head of Fixed Income Trading. This follows the recent announcement relating to senior appointments in Fixed Income and is part of the bank's strategic plan to build out its Credit Trading platform.
Benjamin joined BNP Paribas in 2008 as Head of Structured Credit & Arbitrage and then became Global co-head of Credit Trading with Christian Mundigo (now promoted to co-head of Fixed Income, Americas) in May 2010, where he successfully led and adapted the platform to the difficult market environment. Prior to joining BNP Paribas, Benjamin built and managed exotic credit trading and structuring teams at Bank of America, Credit Agricole and CPR.
Benjamin will lead the implementation of BNP Paribas’s ambitious credit development plan, extending the product range and market share in all credit markets, including investment grade (IG) and high yield (HY) secondary trading, ABS trading, structured credit and Fixed Income arbitrage. The change will take effect on 1st September, 2011.
Commenting on his appointment, Benjamin Jacquard said : “I am very excited by this new challenge. Our credit platform has grown significantly over the last two years, expanding successfully in the US and globally in HY and ABS trading. We want to leverage on our leading European position and deliver the best credit expertise and trading, in conjunction with a strong structured credit offering, to meet our clients’ needs.”
Guillaume Amblard also commented: “Benjamin’s significant experience and expertise will help BNP Paribas to realise its ambitions in credit. We have a very successful franchise and we look forward to driving the growth of the business further, as we strive for a market-leading global platform, offering a full range of credit products to our clients.”