BNP Paribas in New York will add over a dozen senior derivatives salespeople and traders in the next few months on the heels of hiring Todd Steinberg as deputy head of equities and derivatives for the Americas two weeks ago. The department's growth will be in the double-digits by the end of the first quarter, he said. "We expect most growth in the derivatives business to be in the U.S.," addedAmine Belhadj, head of equities and derivatives for the Americas.
Prior to Steinberg's move to BNP, he ran the equity derivatives and convertibles desk he founded at Wachovia Securities in 2000. He left that post in April when Wachovia shook up management in the equities division.
