BNP Paribas has reshuffled its European debt syndicate team in London for the second time in less than a year as investment banks are forced adjust their businesses to take account of the new financial environment fashioned by the credit crisis.

The French bank said Robert Wichello, co-head of European syndicate with Fred Zorzi and formerly head of frequent borrower syndicate, has been handed new responsibility for emerging market coverage, replacing Luc Cardyn, who is moving to Asia.