Clive Banks has been appointed to the new role of global head of FX and local markets sales at BNP Paribas. For FX, this will include all currency spot, forwards and options to institutional and corporate accounts. The bank says it wants to establish itself “as a premier local markets house”, so that’s why Banks has been charged with developing a specialist local markets sales group for LM-focused institutional accounts.
Before the promotion, Banks was head of European corporate derivatives and FX; that post is now occupied by John Chase. Chase will report to Tim Drayson for all ECG activity, and to Banks for FX.