BNP Paribas inches toward levfin-high yield merger

Yann Gerardin
By Graham Bippart, Jon Hay, Ross Lancaster, Victor Jimenez
22 Jan 2015

BNP Paribas is preparing a reorganisation of its leveraged finance and high yield teams, as part of the reordering of its corporate and institutional bank that has taken place since Yann Gérardin took over as its head in October. Market participants believe some job cuts are possible.

People familiar with the situation said that BNPP had been thinking for years about combining a variety of people and teams that work on aspects of leveraged finance, including people in debt capital markets, high yield, loans and corporate acquisition finance, but had never made the changes.

Now, ...

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