Jim Xu, a trader in the equity
derivatives group at BNP Paribas in New York, has resigned from the
firm, becoming the third equity professional to exit the group in
the last three weeks. A firm spokeswoman confirmed Xu's
resignation, but declined further comment.
Xu's exit follows on the heels of departures by
Vuk Bulajic, head of the U.S. equity derivatives team (DW,
5/3), and Kent Oz, head of institutional sales for the New
Firm officials anticipate more departures from
BNP's equity group after the firm appointed Francois Carnet,
the Asia head of equity derivatives, to head the U.S. equity
derivatives team. "The new guy is cleaning house," one official
said. Carnet, who arrived in New York about a week ago, declined to
comment and referred calls to the firm's press office.