BNP Paribas is pushing to grow its dealmaking business in the US, part of a broader plan by the French lender to become a bigger player in investment banking as some of its European rivals have struggled.

The French bank is building a team of equity capital markets bankers in New York, as well as looking to expand its sector coverage, investment grade finance, syndicated loans and securitised products in the US, according to Renaud-Franck Falce, global head of capital markets at BNP Paribas.