BNP expands commodity derivatives

BNP Paribas has hired Jose Cogolludo as head of commodity derivatives sales and marketing, the first move in an expansion of its commodity team.

Cogolludo joins from JP Morgan, where he was head of commodity derivatives marketing for Europe, the Middle East and Africa. He will be based in London, reporting to Amine Bel Hadj Soulami, global head of commodity derivatives.

He replaces Jean-Marc Bonnefous, who moved in March to head marketing and business development within the commodities group.

BNP said it intends to hire several more commodity derivatives specialists over the next few weeks.

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