BNP Paribas appoints new head of ABS correlation trading

He will be based in London and report to Stephane Delacote, global head of structured credit trading and arbitrage.

Nowell joins BNP Paribas from RBS in London, where he was head of ABS correlation trading from July 2005. At RBS, he was responsible for a global ABS correlation book, covering US and European ABSs, with managed and static single-tranche transactions. Before this, Nowell spent two years at Nordea Bank in Copenhagen, trading structured credit derivatives.

 "BNP Paribas had an existing book of ABS trades, and as that develops and we look to diversify assets it becomes important to attract talent with knowledge of CDO exposure and a specific expertise in the underlying ABS space," says Delacote. "Peter’s knowledge of convexity and correlation will help to grow the team of traders dedicated to ABSs."

  • LinkedIn  
  • Save this article
  • Print this page  

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: