BNP reshuffles credit research team

BNP Paribas has reorganised its London-based European credit research group to include a new relative-value desk.

The new desk will cover investment-grade and junk sectors and will be led by Rick Deutsch, previously head of European credit research (his former post has been abolished). He will report to Eric Dumas, the global head of flow credit trading.

The bank has also reorganised its fundamental credit research team, with Marc Watton, lead European utility analyst, taking on the additional role of head of European investment-grade credit research, while Aizaz Shaikh remains as head of European high-yield credit research. Both report to the head of European credit sales, Philippe Guyot.

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