BNP Paribas Bags Credit Suisse Specialist Team
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The revolving door at Credit Suisse keeps spinning, as the Swiss bank loses a team of specialists to BNP Paribas.
BNP Paribas is strengthening its equities team in London by hiring Credit Suisse’s event-driven team. Susan Stryker Marinello, an event-driven specialist for the EMEA region at the Swiss bank, and risk arbitrage traders Andy Martin and Simon Scott are joining the French bank.
Before their stint at Credit Suisse, the team of specialists previously worked together at Citi.
The hiring of the unit is an important step following BNP Paribas’ acquisition of Exane in 2021, the sources added. As part of that acquisition, BNP Paribas brought equity trading, research, and derivatives activities in-house after a 17-year partnership with Exane. It said the new hires are part of BNP’s expansion into cash equities following Exane’s return.
Neither Credit Suisse nor BNP Paribas had any comment.
Questions & Answers
Q.What is the primary purpose of BNP Paribas hiring this team?
What is the primary purpose of BNP Paribas hiring this team?
BNP Paribas is strengthening its equities team in London with these hires. The move is considered an important step following its 2021 acquisition of Exane and is part of BNP’s expansion into cash equities.
Q.Which individuals are leaving Credit Suisse to join BNP Paribas?
Which individuals are leaving Credit Suisse to join BNP Paribas?
Susan Stryker Marinello, an event-driven specialist for EMEA, is joining BNP Paribas. Risk arbitrage traders Andy Martin and Simon Scott are also moving from Credit Suisse to the French bank.
Q.Did the specialist team work together before their time at Credit Suisse?
Did the specialist team work together before their time at Credit Suisse?
Yes, the team of specialists had previously worked together before their tenure at Credit Suisse. They were employed together at Citi, prior to their move to the Swiss bank.
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