Senior staff leave Exane BNP Paribas

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The fall-out from last year's joint venture between French brokerage Exane and BNP Paribas, the French bank, has continued, with the departures of partners Charlie Atkinson and Olivier Haguenauer.

Atkinson, head of the London equities operation and previously global head of European sales trading at BNP Paribas, left less than two weeks ago.

Haguenauer departed as head of sales in the UK and France at the end of February. He previously ran BNP Paribas' Euronext equities business in Paris.

Both played a part in restructuring Exane BNP Paribas after the deal. One former employee said there had been several departures - particularly from BNP Paribas - who were surplus to requirements after the two integrated.

The departures are understood to have been amicable, with the former employee adding that, as with any partnership, Exane BNP Paribas kept costs tight.

The London team is understood to have been cut back sharply and departures included Glynn James, Mark Ovitt and Mark Eggleton from the sales team in May as well as sales traders Caron Bluestone and Ruth Reed two weeks ago.

A spokesman said the company did not comment on departures or arrivals.

The merger has been regarded as a success and last month won Thomson Extel's award for top brokerage company in the French market.

Exane BNP Paribas said at the time it would hire up to 30 analysts by the end of the year to boost its equity research teams in Paris and London.

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