BNP merges FX and rates

BNP Paribas has combined its interest rate and foreign exchange trading capabilities as part of a reorganisation aimed at improving efficiency.

The reorganisation, which follows what one source reckoned was a "a very disappointing bonus season" at the French investment bank, will see Guillaume Amblard installed as head of the French investment bank's newly formed forex and interest rate trading group.

Amblard, currently global head of interest rate options trading, will report to Frederic Janbon

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