French banking group BNP Paribas has hired Pierre Katerdjian to join its credit and rates marketing group in Australia. Katerdjian, who joins from Deutsche Bank where he traded Australian credit derivatives, will start on June 2.The new hire comes as BNP Paribas is boosting its structured products capability in Australia, to custom products to Australian investors looking for higher returns outside of traditional fixed-income products.
One of the products the French bank is keen to develop is to structure and originate collateralised debt obligations.
Katerdjian will report to Marcus Blake, BNP Paribas’ head of the rates and derivatives marketing group in Sydney.
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