BNP Paribas Announces New Head of European High Yield Origination and Capital Markets.Business Editors NEW YORK--(BUSINESS WIRE)--July 12, 2000 BNP Paribas BNP Paribas (Euronext: BNP, TYO: 8665 ) is one of the main banks in Europe and France. It was created on 23 May 2000 through the merger of Banque Nationale de Paris (BNP) and Paribas. today announced it has hired John Ong as Head of European High Yield Origination and Capital Markets. Based in London, he will report to Kathryn Swintek, Global Head of BNP BNP B-type natriuretic peptide, brain natriuretic peptide Physiology A 32-residue peptide hormone produced predominantly in the ventricles, secreted in response to fluid overload–eg, CHF. See Atrial natriuretic peptide. Paribas' High Yield Group. Ong comes to BNP Paribas with over 17 years experience at Bankers Trust The Bankers Trust is a historic American banking organisation that was acquired by Deutsche Bank in 1998. It was originally set up when banks could not perform trust company services. , including one year with Deutsche Bank Deutsche Bank AG (IPA: /'dɔɪ.tʃə/[1]) (ISIN: DE0005140008, NYSE: DB) (English: German Bank after its acquisition of Bankers Trust. Based in London since 1992, Ong was most recently a Managing Director in Deutsche's High Yield Group and Bankers Trust's Debt Capital Markets Group. Prior to his move to London, he ran the firm's representative offices in Istanbul and Cairo, respectively. "We are very pleased to have John on our team," stated Swintek. "His experience in and knowledge of the European high yield market, especially as concerns telecom issuers, will secure our position as a dominant player in this market." BNP Paribas ranked seventh among arrangers of European leveraged loans for the first six months of 2000, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Thomson Financial Thomson Financial A major provider of information, analytical tools, and consulting services to the financial community. The firm, a division of Thomson Corporation, is best known to investors for its First Call segment, which publishes consensus earnings Securities Data. In addition, Tanneguy de Carne is transferring from BNP Paribas' U.S. High Yield team to the European High Yield team, reporting to John Ong, where he will assist in building the Group's European activities. Last month, Swintek announced the firm's plans to build a premier high yield team with the addition of seven new staff members to its global team. The Bank plans to make additional hires over the coming months to staff its London- and New York-based high yield activities. BNP Paribas has offices in 83 countries, a staff of over 77,000 employees, and operates in the world's seven largest financial centers. BNP Paribas is divided into six core businesses: corporate and investment banking; domestic retail banking; international retail banking; specialized financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. ; private banking, asset management, securities services, insurance and real estate; and Paribas Capital. With assets of almost 700 billion Euro as of December 31, 1999, BNP Paribas is one of the world's largest financial institutions. |
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