Banks, who joined the bank in August 2005 from Citi, plans to retire from the financial markets and focus his attention on personal business interests, the spokesperson said. A replacement will be announced in due course.
Since 2007 BNP has improved its ranking in the annual Euromoney FX survey from 15th to 11th place in the 2011 survey. It achieved its best position of 10th place in the 2009 survey.