BNP Paribas Strengthens Its Interest Rate Group Trading Effort.NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- Eighth graph, first line should read Matthew Thomas joins as Head of USD USD In currencies, this is the abbreviation for the U.S. Dollar. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. Repo Trading sted Matthew Thomas joins as a Short Term (ST) Trader. The corrected release reads: BNP PARIBAS STRENGTHENS ITS INTEREST RATE GROUP TRADING EFFORT BNP Paribas is pleased to announce the appointments of Harpal Maini, John Kinsella James Logush, Nick Moore, Albert Elfassy, Matthew Thomas and Michael Santoro to its New York Interest Rate Group ("IRG (1) (InterRecord Gap) See interrecord gap. (2) (Internet Research Group, Los Altos, CA, www.irgintl.com) A research and consulting firm founded in 1993 that specializes in developing business strategies for Internet-related companies. "), which is headed by Zbigniew Ryzak, Head of IRG, New York. Harpal Maini joins as a Mortgage Trader to work alongside the recently appointed Head of MBS See Mb/sec. MBS - mobile broadband services Proprietary Trading Proprietary Trading When a firm trades for direct gain instead of commission dollars. Essentially, the firm has decided to profit from the market rather than commissions from processing trades. , Angus Duncan. He will assist in the continued building of a successful, proprietary mortgage arbitrage desk. Harpal joins BNP Paribas from GMAC-Residential Funding Corporation Securities where he worked since 2002 in building the Mortgage Derivatives Business. Prior to that he worked at Tranquil Money, a software company he co-founded in 2000. Prior to, Harpal worked at various institutions such as Barclays Global, Deutsche Bank and Morgan Stanley in the Risk and Mortgage Derivatives divisions. Commenting on this appointment, Zbigniew Ryzak said, "Harpal's appointment is another link in the chain of progression in building a fully-fledged US mortgage business. He brings a wealth of experience and we are delighted he chose to join us." John Kinsella joins BNP Paribas as a Senior Agency Trader from ABN AMRO, where he was a Managing Director (MD) in Agency Trading and Underwriting since 1997. Prior to that, he worked at Bankers Trust as an MD in Government Bond Trading. John also spent ten years at Paine Webber as an MD in Government Bond and Agency Trading. Before that, John worked at Citibank and A.G.Becker in Agency Trading and Underwriting. James Logush also joins as a Senior Agency Trader. He joins from Merrill Lynch in New York where he was a Director in Agency Trading since 2003. Prior to that, he worked at Merrill Lynch in London on the Agency Trading desk Trading Desk A desk where transactions for buying and selling securities occur. Trading desks can be found in most organizations (banks, finance companies, etc.) involved in trading investment instruments such as equities, fixed-income securities, futures, commodities and foreign between 2000 and 2002. Prior to, James was Head of Canadian Government Bond and Swaps Trading based in Toronto. He also worked at Goldman Sachs in Government Bond Trading between 1992 and 1995. Nick Moore joins as Global Head of USD Vanilla Option Trading from the BNP Paribas London office, where he most recently has been running EUR EUR In currencies, this is the abbreviation for the Euro. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. Vanilla Option Trading. Nick joined BNP Paribas in 1998 from Chase where he worked for one year. Before that he spent four years at JP Morgan. Albert Elfassy joins as Global Head of USD Short Term Derivatives. He joins from the BNP Paribas Tokyo office where he has been trading short term derivatives JPY JPY In currencies, this is the abbreviation for the Japanese Yen. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. and USD products for four years. Matthew Thomas joins as Head of USD Repo Trading from the BNP Paribas London office. He brings over seven years trading, managerial and business development experience in the International Repo and Securities Lending Markets. Matthew also spent seven years at JP Morgan in London. Michael Santoro also joins as an ST trader from Brookstreet Securities Inc. where he worked as a Fixed Income Trader since 2003. Prior to that, Michael spent a year at Swiss American Securities as a Director in Fixed Income Trading and Sales. Before that, he worked at Commerzbank for five years as the Manager of Trading in the Securities Division. Commenting on these appointments, Kip Testwuide, Head of Origination and Sales, the Americas, stated, "These appointments are a reflection 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' ambition to build our U.S. Agency, Short Term and Mortgage Businesses and to further enhance our Interest Rate Business in New York." David Brunner, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of BNP Paribas Securities Corp. added, "The IRG group is a key division in the continuing expansion of BNP Paribas' Fixed Income presence in the U.S." About BNP Paribas BNP Paribas (www.bnpparibas.com) is a European leader in banking and financial services, with a significant and growing presence in the United Sates and leading positions in Asia. The most profitable bank in the Euro zone, it has a presence in 85 countries with 89,400 employees. The group enjoys key positions in Corporate and Investment Banking, Private Banking & Asset Management, Insurance, Securities Services and Retail Banking. Headquartered in New York, BNP Paribas in North America offers a broad range of corporate, investment banking and securities brokerage activities. With locations in all the major corporate and financial centers across the United States and Canada, BNP Paribas in North America serves a world-class client base of multinational corporate and mid-cap companies, major issuers and institutional buyers. As a registered NASD NASD See: National Association of Securities Dealers NASD See National Association of Securities Dealers (NASD). broker-dealer and member of SIPC (Simply Interactive PC) An earlier umbrella term from Microsoft and Intel for a PC that works like a home appliance. For example, it has a sealed case, uses external connectors for expansion and boots in just a couple of seconds. , BNP Paribas Securities Corp. trades and markets a vast array of global and domestic fixed income and equity products. In the U.S., BNP Paribas offers retail banking and financial services through BancWest Corporation, a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. . |
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