Martin Egan: Euromarket stalwart
As part of Euromoney's 50th anniversary coverage, we profile some of the biggest names that we interviewed for our April capital markets focus.
Of all the jobs that have disappeared from the Eurobond market, they don’t come much more archaic-sounding than ‘position clerk’. Martin Egan, global co-head of primary and credit markets at BNP Paribas, knows all about it, however: it was his first job when he joined JPMorgan from school in 1982.
“My job was to sit on the edge of the trading desk, where 12 traders were working day and night, and make sure that at all times I had checked their positions. They would have their own trading blotters, they would produce a buy or sell ticket and I would have to tally those positions. Every day I would agree them with the traders and the settlement office.”
He was working with some formidable names at the time.