BNP Paribas to expand equity derivatives team by 200

BNP Paribas is increasing the headcount of its equity derivatives division by almost a third, in an effort to tap the growing demand for equity-linked products from emerging markets. In an interview with RiskNews ( Structured Products' sister publication), the bank’s global head of equities and derivatives, Yann Gerardin, said the number of front-office staff would grow from 700 to 900 before the end of the year

Gerardin said the increase was part of a general expansion, rather than being driven by a specific product launch or regional push. “We considered last year that it was probably time to accelerate and move from annual increases of 100 [people] a year to something much more substantial,” he said. “It’s not one big plan or one big subject, it's many plans on hundreds of different subjects.”

The move follows the departure of some high-profile staff from the team in recent months. In March, the bank

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