BNP Paribas has hired Nat Richer, a crude oil derivatives trader at Banc of America Securities in New York, as a director in a similar position. Jean-Marc Bonnefous, head of commodity derivatives in New York, to whom Richer reports, said the firm is growing its oil derivatives presence in order to meet growing client interest in the products caused by factors such as an increase in the trading of fuel being shipped from Western countries to Asia.
Jeff Hershberger, spokesman at BofA in New York, declined comment and Richer could not be reached.
