BNP Paribas, as part of its CIB 2020 development plan, created a new unit called Global Credit Markets Americas, bridging the existing credit units of Global Markets Americas and Global Banking Americas. This new unit integrates all primary origination, financing and syndication and secondary sales, trading and research activities across credit products into one platform. Matthew Salvner will lead the new unit with Dan Cozine as deputy head focused on primary markets activities.
Origination within Global Credit Markets Americas will be reorganized into three areas:
- High Grade Finance will include the Bond and Loan Origination and Structuring teams covering corporate investment grade, financial institution and Latin American clients.
- Asset Finance & Securitization brings together ABS, RMBS and CLO Securitization with the Asset Finance teams covering Power, Infrastructure & Project Finance, Export Finance, Transportation Finance, Metals & Mining Structured Debt and Asset Based Lending into one platform encompassing all structured debt products.
- Leveraged Finance will include all leveraged loan and high yield bond activities with both corporate and sponsor clients.
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The bank also appointed Christopher Blum head of Leveraged Finance for North America. In this role, Blum will oversee the growth of all leveraged finance and high yield origination with all sponsor and corporate clients. He has nearly 20 years of experience in leveraged finance and high yield, most recently as co-head of Leveraged Debt Capital Markets at Deutsche Bank.
“As part of our regional goals for the group’s 2020 plan, CIB Americas plans to expand our credit market activities, which include strengthening our origination platform, and as part of that enhancing our Leveraged Finance franchise,” said Bob Hawley, CEO of CIB Americas. “This combined origination platform will help us expand domestically in addition to helping us further grow our transatlantic capabilities, where the bank holds leading positions, and continue to support diverse European issuers in the Americas markets and vice versa.”
