In a move to strengthen its position in the Swiss franc bond market, BNP Paribas (OTC:BNPQY) SA has added two former Credit Suisse executives to its credit desks. Isla Fletcher and Julie Edinburgh have been recruited to apply their extensive experience from Credit Suisse to their new roles at BNP.
Isla Fletcher, who brings an eight-year tenure from Credit Suisse, will be joining BNP's corporate debt capital markets desk. She will be working under Adrian Frost, the head of Debt Capital Markets (DCM) for Northern Europe.
Julie Edinburgh, with her three-year tenure at Credit Suisse, has been enlisted for a position in BNP's structuring team. Both Fletcher and Edinburgh's recruitment comes as part of BNP's strategy to capture a larger share of the Swiss franc bond market.
This strategic move by BNP Paribas follows the collapse of Credit Suisse and is aimed at challenging the dominant position of UBS Group AG (SIX:UBSG) in the Swiss franc bond market.
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