BNP Paribas has recruited Vincent Parisot, head of US dollar interest rate derivative trading at Dresdner Kleinwort Wasserstein (DrKW), to co-head its interest rate swap and option trading business in New York.

Parisot, who took up his new position in the last couple of weeks, will run the team jointly with Sahbi Jerad, who has been with the French bank since 1994. The pair will report to Zbigniew Ryzak, head of the interest rate derivatives group in New York.