BNP Paribas is building up its corporate bond sales department and is considering adding a high-yield desk in its Chicago office, said Matthew Schultheis, who was recently appointed director and head of fixed-income sales in the Windy City. He explained that, depending on what customers are looking for and if BNP Paribas finds a talented individual to run a high-yield operation, it may open a high-yield desk. Schultheis added the firm has already hired a corporate salesman who will start in September and is looking to hire two more corporate or rates salesmen by the end of the year.
