BNP Paribas merges forex and rates


BNP Paribas is merging its global foreign exchange business with its forex and interest rates hybrid group to take advantage of cross-asset opportunities.

While the bank declined to comment on why the restructure is taking place, a London-based source for Asia Risk sister publication FX Week says the move will grant forex staff easier access to hybrid products, where there is money to be made in structured products. "This could also mean a move towards a cross-asset sales force," the source adds

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