|Name: Martin Egan|
Institution: BNP Paribas
Date promoted: March 2005
Title: Global head of primary markets
Previous job before promotion: Global head of syndicate
Years worked in capital markets: 24
First job in capital markets: Position clerk at JP Morgan
Favourite deal worked on: Multi-tranche $16bn France Télécom in 2001
Family: Married with four children
Lives in: Downe, Kent
Heroes: Willie John McBride, Billy Bonds, Nelson Mandela
When Martin Egan was made global head of primary markets at BNP Paribas in March this year, the promotion was recognition of his success in transforming the bank into one of the top players in the European bond markets. Egan's new remit is focused on turning BNP Paribas into a truly international organisation.
He joined the bank in January 2001 from Credit Suisse First Boston where he spent eight years, latterly as head of sovereign, supranational and agency syndicate.
"I was hired from CSFB initially to expand BNP Paribas' profile in the primary markets after the merger of BNP and Paribas in 2000," explains Egan
"Since then I have gained broader execution responsibilities across all primary areas, with a strategy to consolidate the euro franchise and expand our dollar and sterling businesses."
In his new role as global head of primary markets, in which he reports to Frederic Janbon, global head of trading, Egan continues to run the global syndicate but his work has also become more strategy focused.
"The execution side of the business is still central to what I do, but my role is now also focused on where the bank should be doing business and on where we should be developing in the long term," Egan says. "And then it's about letting people know what we are doing, where we are going and how we can help them."
Egan believes the bank needs to provide a broader range of products globally, and as well as expanding the bank's dollar and sterling franchises, he also sees covered bonds and securitisation as areas in which BNPP can grow its footprint.
However, he is keen to point out that BNPP is well placed. The bank is already one of the most internationally focused European investment banks and Egan believes there is no question that it is heading in the right direction.