BNP Paribas has hired the former head of interest rate structuring for the Americas at Citigroup to bolster its capabilities in the structured bond and private placement business and the broader bond franchise.

Marc Falconer, who worked at Citigroup for 12-years, most recently in New York, has joined BNP Paribas in London, reporting to Frederic Zorzi and Robert Whichello, joint heads of European debt syndicate.