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BNP Paribas splits GECD group into four

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BNP Paribas has restructured its global equities and commodity derivatives (GECD) group, splitting the unit into four newly formed business lines. The move comes after the bank reported a 65.6% revenue drop in equities and advisory in the second quarter – a result that added impetus to the move, says one senior banker at BNP Paribas.

Following the changes, a structured equity business will now be run by Nicolas Marque, formerly global head of equity derivatives structured products sales, while

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