News

BNP Paribas Corporate & Investment Banking (‘BNP Paribas CIB') today announces a number of senior appointments within Fixed Income, as the bank looks to bolster its eCommerce offering across Europe, Asia and the US. These appointments are part of a broad, strategic plan to further develop BNP Paribas's global FX offering / franchise, in its ambition to become a top-five FX dealer, and also to deepen its market penetration of the institutional investor client segments.

Thomas Soede has joined BNP Paribas as Global Head of eCommerce and brings a wealth of experience in FX and electronic trading. Thomas previously worked at Lehman Brothers in Europe, where he was responsible for the build-out of global distribution in FX and spearheaded the Electronic Distribution business. From the demise of Lehman until joining BNP Paribas, Thomas assisted in the launch of a Currency Hedge Fund, Blacktree Investment Partners. Thomas is based in London and reports to Eric Auld, Global Head of FX Trading.

In his new role at BNP Paribas, Thomas is responsible for developing the bank's eCommerce proposition to optimise the access, liquidity and quality of price that is delivered to clients electronically. His mandate is also to further develop BNP Paribas's global eCommerce Client Service strategy, in partnership with the transversal client onboarding team, as well as to further develop the bank's eCommerce product suite.

Reporting to Thomas globally, Luke Waddington has been appointed Head of eCommerce for Asia and Japan, based in Tokyo. Luke previously worked for RBS, where he ran the cross-asset electronic market and prime brokerage business in Asia. Luke also spent seven years at HSBC, responsible for Japanese sales.

In the US, Dan Osborne has joined the eCommerce team in New York from CitiFX eCommerce, where he was business manager for their flagship Velocity trading system, launched in 2009. He also spent five years at FXall and started his career at the Federal Reserve Bank of New York.

There have also been a number of additional hires to the London eCommerce team and further appointments will be announced in Asia and the US in due course.

Commenting on these strategic appointments, Eric Auld, Global Head of FX said: ”Following the recent launch of FX eTrader, our cutting-edge single dealer electronic trading platform, and the successful integration of the FX Prime Brokerage business, BNP Paribas is well-positioned to deliver new, creative ideas to clients electronically, which will challenge the existing business models across the street. BNP Paribas already has a formidable distribution footprint across many key geographical markets and, with Thomas and his team in place, I am confident that we have a compelling electronic trading offering that will help us to realise our ambitions to become a top-five player in FX.”