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BNP Paribas hires eFX strategy chief

BNP Paribas has hired an ex-Nomura and Lehman Brothers executive to head up its electronic strategy group.

Martin Zinkin joins the French bank as head of eFirst, BNP’s electronic fixed-income research and strategy team. Zinkin reports to Joe Bonnaud, global head of interest rate derivatives research at BNP.

Zinkin previously worked at Nomura, where he was head of fixed income e-trading. Before joining Nomura in November 2008, he spent more than eight years at Lehman Brothers in London.

BNP Paribas held steady at 11th overall in this year’s Euromoney FX survey, with a market share of 2.62%. It was also ranked 11th in eTrading, with a 2.43% market share.

In March, BNP launched Cortex FX, its new single-dealer FX platform, which it believes will compete with the offerings of the largest players in the market.

In June, the French bank rolled out Cortex iX, which it believes is the first suite of third-generation FX execution algorithms to be offered to the market.

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