New York (HedgeCo.Net)- BNP Paribas has announced the launch of its new Global Synthetic Prime sales and trading group within its Equities and Derivatives business. The group is headed by Rich Sansaricq who is based in New York and has the responsibility of coordinating the business through a global sales team covering hedge funds in New York, London, Tokyo and Hong Kong.
BNP Paribas has been working with hedge funds across the range of equity derivatives products and has developed this new group to ensure that client’s needs are met more effectively.
The sales group’s mandate is to market global synthetic equity finance products including equity swaps, portfolio swaps, contract for differences, structured financing transactions and stock loan and equity execution services to hedge funds.
It will also be involved in selling the prime brokerage international platform. Rich Sansaricq joined BNP Paribas in 2006 as head of equity finance sales in the US. During his tenure, he has successfully launched and developed BNP Paribas’ synthetic portfolio swap and equity swap platforms in the US. He will continue to report to Todd Steinberg, head of equities and derivatives in the Americas, and to Eric Deudon, global head of equity finance and prime services.
Alex Akesson
Editor
HedgeCo.Net
Email: alex@hedgeco.net
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