Albert Elfassy also joins the New York office from the Tokyo office, where he traded short-term derivatives in yen and US dollar products. He becomes global head of US dollar short-term derivatives trading.
Harpal Maini joins as a mortgage trader from GMAC-Residential Funding Corporation, where he was responsible for building up the mortgage derivatives business. He will assist the recently appointed Angus Duncan, head of MBS proprietary trading, in building up the proprietary mortgage arbitrage desk.
From Dutch bank ABN Amro, John Kinsella becomes a senior agency trader. He was previously managing director of agency trading and underwriting. James Logush joins him in his new role from Merrill Lynch in New York, having also worked in agency trading as a director.
Michael Santoro joins the bank from Brookstreet Securities. Taking up the role as a short-term trader alongside Elfassy, he was previously a fixed-income trader.
“The interest rate group is a key division in the continuing expansion of BNP Paribas’ fixed-income presence in the US,” said David Brunner, chief executive of BNP Paribas Securities Corporation.