Barclays Capital has hired Gianluca Passaretta, an interest rate derivatives trader at BNP Paribas in New York, for a similar role. Jim Mulvey, director in emerging markets rates, said the hire fills a new position emerging markets team. Passaretta will work with Latin American clients, he said, adding that further hires to the team are possible. Passaretta, who could not be reached, reports to Mulvey.
At BNP, Passaretta reported to Zbigniew Ryzak, managing director and head of interest rates at BNP. Ryzak and Mark Wisniewski, spokesman in New York, did not return calls.