BNP Paribas revamps UK equity derivatives

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BNP Paribas has announced a new management team for its London-based equities and derivatives platform as part of a plan to grow the division's headcount by a fifth.

Shaun Wainstein, previously head of structuring in London, will head the platform reporting to Remi Frank, global head of equities and derivatives sales and Olivier Osty, global head of equities and derivatives trading and structuring.

Talbot Stark, previously London head of hedge fund sales in equities and derivatives, is promoted to the new position as global hedge fund relationship manager for both equities and derivatives and fixed income. He will report to David Brunner, global co-head of fixed income client origination and to Frank.

Phil Dardier, head of European equity financing and flow sales, will now split his time between Paris and London to oversee the revamping of the London platform's flow and financing sales teams.

Claudio D'Angelo, who recently joined the bank from Lehman Brothers, has been appointed head of institutional flow sales in London, reporting to Dardier.

In addition, Jean-Eric Pacini will re-locate from Paris to London to lead the London structured products sales team. John Lawrence will cointinue to head London-based strategic equities.

The bank said it would soon announce a number of senior hires to its hedge fund sales group, while it would be aggressively hiring for structured products.

Separately, a BNP spokesman confirmed that Christian Kwek, the bank's former head of equity derivatives marketing in London, has resigned. He is understood to be taking a short sabbatical.