BNP Paribas has merged its credit derivatives and secondary credit bond trading businesses into a single unit to be headed by Farid Amellal.

The bank is reorganising its trading business, after a period of expansion in credit derivatives, in an attempt to boost revenues and improve its risk profile.

BNP Paribas combines credit derivatives and bond trading

Vivek Ahuja

BNP Paribas

JP Morgan

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