BNP Paribas hires Deutsche FX salesman

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BNP Paribas has recruited a Deutsche Bank FX salesman, according to people familiar with the situation.

Tim Scanlan is set to join the French bank in London to cover FX hedge fund sales, the sources say. He will report to Adrian Boehler, global head of institutional FX sales at BNP. Scanlan joins from Deutsche Bank, where he was a director in EM hedge fund sales. He joined Deutsche in 2010. Before that, Scanlan worked from 2003 at RBS in EM FX sales to hedge funds. He previously worked as a spot FX trader at Standard Chartered. BNP held steady at 11th in this year’s Euromoney FX Survey, with a market share of 2.63%. With leveraged funds, the French bank ranked 13th, with a market share of 1.65%.