BNP Paribas' global head of prime services leaves By Reuters

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BNP Paribas' global head of prime services leaves

Published Jul 21, 2022 01:09PM ET Updated Jul 22, 2022 03:26AM ET

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BNP Paribas' global head of prime services leaves

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By Sinead Cruise and Lawrence White

LONDON (Reuters) -BNP Paribas' global head of prime services Ashley Wilson has resigned, the bank confirmed late on Thursday in response to a Reuters report.

"BNP Paribas (OTC:BNPQY) would like to extend our thanks and best wishes to Ashley Wilson as he pursues opportunities outside of the bank," a spokesperson for the French lender said.

Wilson did not respond to requests for comment sent via his work email and LinkedIn. He moved to BNP Paribas from Deutsche Bank (ETR:DBKGn) in June last year.

The move marks a high-profile departure from the business, which primarily serves hedge funds, and which BNP Paribas had been building out since 2019 when it agreed to acquire the prime finance business of Deutsche Bank.

Wilson and his team worked on completing the integration of the businesses, BNP Paribas said in its statement about his departure.

The deal involved the transfer of some 900 people from Deutsche Bank to BNP Paribas, and was completed at the end of 2021.

Nicolas Marque, head of global equities, will manage prime services until Wilson's successor is appointed, the bank said.

In the first quarter of this year, BNP posted revenue of 1.1 billion euros ($1.12 billion) in its equities and prime services business, up 61% on the year-earlier period.

($1 = 0.9823 euros)

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