Fusion power: BNPP’s corporate combination

Since Yann Gérardin took over as boss of the investment bank at BNP Paribas, the bank has been all about combinations. Strip out the corporate speak, and the big changes are a merger of equities and fixed income in the markets division, and a merger of loans and bonds in primary markets. GlobalCapital caught up with Renaud-Franck Falce, who runs the combined corporate debt team, to find out how the new approach is working.