Exclusive-BNP Paribas’ global head of prime services leaves -source
2022.07.21 22:05
FILE PHOTO: BNP Paribas is seen in this illustration taken, May 1, 2022. REUTERS/Dado Ruvic/Illustration
LONDON (Reuters) -BNP Paribas’ global head of prime services Ashley Wilson has resigned from the bank, a source familiar with the matter told Reuters on Thursday.
Wilson, who could not immediately be reached for comment, moved to the French lender from Deutsche Bank (ETR:DBKGn) in June last year.
The move marks a high-profile departure from the business, which primarily serves hedge funds, and which BNP Paribas (OTC:BNPQY) had been building out since 2019.
That year it agreed to acquire the prime finance business of Deutsche Bank, and at the end of 2021 the two completed the deal.
The deal involved the transfer of some 900 people from Deutsche Bank to BNP Paribas.
In the first quarter of this year, BNP posted revenue of 1.1 billion euros ($1.12 billion) in its equities and prime services unit, up 61% on the year-earlier period.
($1 = 0.9823 euros)
