BNP Paribas adds to London fixed-income sales

BNP Paribas has recruited two senior fixed-income salesmen from Deutsche Bank for its flow rates sales team in Europe.

David Martins da Silva joined yesterday as head of European rates hedge fund sales, based in London. He was previously a director of hedge fund sales at Deutsche Bank and before that worked as head of euro government bond trading at Bear Stearns.

Patrick Weychardt, meanwhile, also joined yesterday as Frankfurt-based head of German frequent user rates. He was responsible for rates sales to German banks at Deutsche Bank.

Both men will report to Alistair Mullen, head of European frequent user rates. Stefano Paschetto, head of BNP's institutional clients group, said: “Hiring David and Patrick is part of BNP Paribas’ initiative to strengthen its overall flow rates coverage of European institutional investor and hedge fund clients, and follows on from numerous appointments made last year.”