EXCLUSIVE: BNP Paribas’ Steinberg promoted to head of equities and derivatives, Americas

Todd Steinberg, previously deputy head of equity derivatives, Americas, for BNP Paribas in New York, has been promoted to head of equities and derivatives, sources close to the French bank confirm. He succeeds Amine Belhadj who relocates to London as global head of commodity derivatives. Jean Marc Bonnefous, currently head of commodity derivatives, will take on the new roll of marketing and business development within the commodities group.

The move is part of a wider reorganisation of the bank’s derivatives operations. Earlier this month Christian Kwek, head of equities and derivatives at BNP in London, left the firm. A spokeswoman was unable to give the reasons for Kwek’s departure at the time and could not comment on whether he is due to move elsewhere.

Kwek has been replaced in London by Shaun Wainstein, previously head of equity derivatives structuring.

In related news BNP has also hired Dan Bystrom as director and head of