BNP Paribas Appoints Sebastian Galy to Its Foreign Exchange Strategy Team in New York.NEW YORK -- In headline and throughout release, name should read: Sebastian Galy (sted Sebastien Galy). The corrected release reads: BNP PARIBAS APPOINTS SEBASTIAN GALY TO ITS FOREIGN EXCHANGE STRATEGY TEAM IN NEW YORK BNP Paribas is pleased to announce the appointment of Sebastian Galy to its FX Strategy team in New York. Sebastian will head the FX research function covering global currency markets. He will provide foreign exchange solutions for 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' corporate, real and leverage-account client base. He reports functionally to Hans-Guenter Redeker, global head of foreign exchange strategy and regionally to Christian Mundigo, head of fixed income trading for the Americas. Sebastian joins BNP Paribas from Dresdner Kleinwort in London where he was senior currency strategist. Prior to that he was at UBS UBS Union Bank of Switzerland UBS United Bible Societies UBS United Blood Services UBS United Buying Service UBS Used Bookstore UBS University Business Services UBS Universal Building Society (UK) UBS Ulaanbaatar Broadcasting System , where he was responsible for the global FX portfolio tactical asset allocation Tactical Asset Allocation (TAA) Portfolio strategy that allows active departures from the normal asset mix according to specified objective measures of value. Often called active management. It involves forecasting asset returns, volatilities, and correlations. of its non-institutional base. Sebastian has also held positions at the Bank for International Settlements, in academia and as an analyst for the IMF IMF See: International Monetary Fund IMF See International Monetary Fund (IMF). in Cameroon for the CFA (Computer Fraud and Abuse Act of 1986) Signed into law in 1986, the CFA was a significant step forward in criminalizing unauthorized access to computer systems and networks. The Act applies to "federal interest computers" that include any system used by the U.S. devaluation devaluation, decreasing the value of one nation's currency relative to gold or the currencies of other nations. It is usually undertaken as a means of correcting a deficit in the balance of payments. . Commenting on the appointment, Hans-Guenter Redeker said, "Sebastian comes to BNP Paribas with outstanding expertise on macro and quantitative analysis. Our clients will greatly benefit from his experience and knowledge of the forex market." About BNP Paribas BNP Paribas (www.bnpparibas.com) is a European leader in global banking and financial services and is one of the 4 strongest banks in the world according to Standard & Poor's. The group is present in over 85 countries, with more than 168,000 employees, including 129,500 in Europe. The group holds key positions in three major segments: Corporate and Investment Banking, Asset Management & Services and Retail Banking. Present throughout Europe in all of its business lines, the bank's two domestic markets in retail banking are France and Italy. BNP Paribas also has a significant presence in the United States and strong positions in Asia and the emerging markets. About Corporate and Investment Banking at BNP Paribas: BNP Paribas Corporate and Investment banking division (CIB CIB abbr. Latin cibus (food) ) has 16,000 employees, deployed in over 53 countries around the world. It operates in advisory and capital markets (Corporate Finance, Equities, Fixed Income) as well as in financing businesses (Energy, Commodities, Export and Project Finance and Structured Finance). CIB excels in three fundamental sectors in particular: Derivatives - it is one of the leading global players in rates, credit, forex, commodity and equity derivatives Capital markets - it is amongst the top ten Euro houses for both ECM (1) (Enterprise Change Management) See version control and configuration management. (2) (Error Correcting Mode) A Group 3 fax capability that can test for errors within a row of pixels and request retransmission. and DCM DCM abbr. Distinguished Conduct Medal (bond issues, securitization, convertibles and shares). Structured finance - it is amongst the world leaders for acquisition, export, project and commodity finance. For further information please visit our website at http://cib.bnpparibas.com/ |
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