BNP Paribas gave one of its favourite London MDs two jobs to do

Equity derivatives and French banks are like cheese and wine, or coffee and croissants. If you have a senior equity derivatives position at a French house, you are a person of some importance. 

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With this in mind, Thomas Jamie has become a person of greater importance at BNP Paribas. Jamie was once one of BNP’s youngest MDs in London. As of this week, he’s aged around 39 and has been handed a second big job at the French bank. Jamie was already BNP’s head of Quantitative Investment Strategies (QIS) sales for the UK. Now he’s this and he’s head of UK institutional and private banks and distributors (PB&D) sales for equity derivatives. The latter is effectively immediately.   

Jamie is understood to be replacing Mike Bayley, BNP’s former head of UK equity derivatives sales. Bayley left the bank at the end of May according to the FCA Register. Last year, Bayley took a six month sabbatical to be with his sick wife; we hope she is ok. 

BNP Paribas declined to comment on Bayley’s exit and Jamie’s bigger job. The changes come after other senior names left, including Jaafer Amrani, BNP’s head of liquidity strategy for EMEA equities and Adrian Hudd, the global head of G10 FX swaps.

There are unconfirmed suggestions that BNP has cut around 20 jobs in London. We are not suggesting that anyone mentioned as leaving in this article was affected. Either way, it seems that BNP is keeping costs down by giving existing staff new and larger tasks.

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