Serge Troyanovsky, a managing director who led retail structured-note distribution in North America for BNP Paribas SA (BNP), left the bank today.
Troyanovsky wouldn’t comment besides confirming his departure by telephone. He joined what would become BNP Paribas in May 1997, according to records of the Financial Industry Regulatory Authority.
Cesaltine Gregorio, a spokeswoman for the bank in New York, declined to comment.
Banks create structured notes by packaging debt with derivatives to offer customized bets to retail investors while earning fees and raising money. Derivatives are contracts with values derived from stocks, bonds, commodities and currencies, or events such as changes in interest rates or the weather.
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