Hugh Pye, head of bank research at BNP Paribas in London, has left the equity research team to join the French bank's financial institutions group, following BNP Paribas' merger with Exane, the independent French brokerage.

Pye, who has been a banks analyst since the mid-1980s and joined BNP Paribas in January 2001, will become a senior relationship manager in the northern European financial institutions team, led by Calvin Redlick. He will focus on UK and Irish banks and will have responsibility for marketing investment banking and capital markets services to the bank's clients in the sector.