Structured finance market round up: Hart break at BNP Paribas
Guy Hart, head of ABS syndicate at BNP Paribas, is understood to be leaving the French bank. Hart has been at BNP Paribas since joining from Nomura in 1998. He is a victim of the bank’s projected business levels for next year. With so much less activity expected for 2008 in ABS and CDOs, BNP Paribas’ structured finance division has been trimmed. Accompanying Hart out of the door will be Christos Danias, head of European CDOs and fellow CDO structurer William Ma, who only joined the bank last January from Moody’s.