BNP Paribas Adds to High Yield and Loan Sales, Trading &

BNP Paribas Adds to High Yield and Loan Sales, Trading & Analysis
Bolsters US High Yield Platform and Expands European Leveraged Credit
Secondary Capabilities 
NEW YORK, NY -- (Marketwire) -- 11/19/12 --  BNP Paribas Corporate &
Investment Banking (CIB) has recently added to its secondary High
Yield and Loan capabilities with hires in the United States and
In the United States, Jack Gill and Chris Savinelli, previously at
Citadel Securities, join as Managing Director and Director,
respectively, on the High Yield Sales desk, reporting to Kevin Cook,
Head of High Yield Credit Sales; Kurt Krestinski joins the High Yield
Trading desk from Nomura as a Managing Director, reporting to Mike
Dowdell, Head of High Yield Trading. These new hires follow the
enhancement of BNP Paribas' analytical capabilities with the addition
earlier in the year of three High Yield credit sector specialists:
Lori Pomerantz, Murali Ganti and Shachar Minkove. Lori joined from
Macquarie and covers Paper and Packaging; Murali joined from Nomura
and covers Healthcare; Shachar joined from JP Morgan and covers TMT. 
In Europe, Thomas Deininger, Laetitia du Bocage, Paul Mehta, and
Jonathan Oakley join the Leveraged Credit Sales & Trading desks, part
of plans to offer clients access to Loan Trading services alongside
existing fixed income products. The Leveraged Credit Sales & Trading
desk is a primary and secondary institutional sales, trading and
analysis business. In addition, Julien Raffelsbauer joins the High
Yield Analysis team as a Senior High Yield Sector Specialist covering
Transportation, Shipping, Travel & Leisure and Business Services. 
Mr Deininger and Ms du Bocage join from Morgan Stanley and Mr Mehta
from Bank of America Merrill Lynch; all three will report to Robb
McGregor, Head of Leveraged Credit Sales, based in London. Mr Oakley
joins as a loan analyst from E. Oehman, the Scandinavian high yield
fund manager and reports to Robert Lepone, Head of Leveraged Credit
Trading, also based in London. Mr Raffelsbauer joins from Observatory
Capital Management, reporting to Jean-Yves Guibert, Head of European
High Yield Sector Specialists. 
Commenting on the appointments, Kip Testwuide, Co-Head of Fixed
Income, Americas, said, "As we continue to build our platform in the
investing in our secondary High Yield capabilities enables us to
provide US institutional investors with access to a wide range of
leveraged credit products from around the globe." 
In London, Benjamin Jacquard, Global Head of Credit Trading, said,
"These appointments in our Leveraged Credit secondary platform at BNP
Paribas are key additions to our existing capabilities, enabling us
to provide trade ideas and risk management for clients across the
capital structure, within and between sectors and in public and
private companies." 
Al Sinsheimer, Head of the Institutional Client Group, EMEA, said,
"Originating High Yield and loan assets has been part of our overall
origination platform for some time but, as a result of these hires,
we are now stronger in the distribution and secondary trading of
those assets which will support more cross-regional flow for our
Notes to editors:
 Kurt Krestinski joins BNP Paribas from Nomura,
having spent the last 15 years trading and managing High Yield assets
at various firm. He began his career at UBS Asset Management, where
he was a Research Analyst and Co-Portfolio Manager of $2.5 billion in
High Yield and Convertible assets. In 1999, Kurt moved to the
sell-side at Bank of America, where he spent 10 years trading High
Yield cash and CDS in the Telecom, Broadcasting, Publishing, Cable
and Retail sectors. Over the past five years, Kurt held positions in
High Yield Trading at Jefferies, Citadel Securities and Nomura.  
Jack Gill has over 20 years' experience in leveraged finance and has
worked in a variety of roles in research, sales, and trading over
that time. He began his career as an analyst in the High Yield
Research group at Credit Suisse. At Merrill Lynch, where Jack spent
14 years, he held positions in both High Yield Sales and Trading and
was a top producing High Yield salesperson for his last five years
there. In 2009, he was recruited to the newly formed, Citadel
Securities, where he helped build the Credit business and co-run
Leveraged Finance Sales.  
Chris Savinelli worked at Moody's, Wasserstein Perella, Morgan
Stanley, and Citadel Securities in both Sales and Research roles
prior to joining BNP Paribas. At Moody's and Wasserstein, Chris
covered several industries, including the telecommunications and auto
industries. In 2002, he transitioned to sales at Wasserstein and
continued his career in sales at Morgan Stanley, BTIG and Citadel
Thomas Deininger joins BNP Paribas from Morgan Stanley in the Loan
Sales and Sourcing team, covering loan funds and banks based in
Germany, Austria, Switzerland and Scandinavia. Prior to joining
Morgan Stanley in London, where he worked for 8 years in a similar
capacity, Thomas worked for Hypovereinsbank and Bear Stearns in
Laetitia du Bocage joins BNP Paribas from Morgan Stanley where she
was a Vice President in the Leverage Credit team. She is a member of
the High Yield Sales team covering the French and UK real money,
hedge fund and CLO client base. 
Paul Mehta joins BNP Paribas from Bank of America Merrill Lynch in
the Loan Sales and Sourcing team covering loan funds and banks based
in the UK. Prior to joining Bank of America Merrill Lynch, Paul was a
loan portfolio manager at ABN Amro and Abbey National across Leverage
Finance, Project Finance and Infrastructure portfolios. 
Jonathan Oakley joins BNP Paribas from E. Ohman, a Scandinavian High
Yield fund manager as a loan analyst on the credit trading desk
covering performing and non-performing loans and bonds. Prior to
joining E. Ohman, Jonathan worked on the buy-side as an analyst and
portfolio manager with experience in fundamental credit analysis
across a range of credit instruments, employing both long-only and
long-short strategies. Jonathan began his career in 2002 as an
analyst within Corporate Finance at Deutsche Bank in London. 
Julien Raffelsbauer joins from Observatory Capital Management as a
Senior High Yield Sector Specialist covering Transportation,
Shipping, Travel & Leisure and Business Services. Julien covered a
variety of sectors at Observatory Capital Management prior to which
he was a High Yield Desk Analyst at Goldman Sachs for four years
covering Shipping, Paper and Packaging, Transportation and
Construction alongside Special Situations. Previously, Julien worked
at JP Morgan, Societe Generale and Banc of America Securities where
he started in London in 2001. 
About BNP Paribas Corporate and Investment Banking  
BNP Paribas Corporate and Investment Banking employs around 20,000
people in over 50 countries and services 14,000 corporate and
institutional clients worldwide.  
BNP Paribas CIB excels in: 

--  Derivatives - where it is one of the leading global players in rates,
    credit, forex, commodity and equity derivatives.
--  Capital markets - where it is one of the top European houses in both
    ECM and DCM (bond, securitisation, convertibles and equity issuance)
--  Structured finance - where it is amongst the leaders in acquisition,
    export, project, energy and commodity finance globally.

For further information, please contact:
Cesaltine Gregorio 
+1 212 841 3719 
Ashling Cashmo
+ 44 207 595 6647
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