BNP Paribas has brought in veteran Antonio Foti to shore up and manage its Italian Financial Institutions – Debt Capital Markets (DCM) business, according to a recent Reuters report.
In his new role as the head of Financial Institutions at BNP Paribas, Mr. Foti will be tasked with overseeing the group’s Italian operations, principally in the DCM space. He will be replacing Nicoletta Bertolini, who parted ways with BNP Paribas for Intesa Sanpaolo this past April. He will be reporting directly to the group’s Head of FIG – DCM, Edward Stevenson.
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Mr. Foti joins BNP Paribas from the Royal Bank of Scotland (RBS), having served as its Director of Financial Institutions – DCM for over a decade dating back to 2005. In this capacity he has focused exclusively on the management of the group’s DCM capabilities whilst being based out of London. Prior to this role, he also worked at Banca IMI in a similar role, relegated to the DCM realm.
Last month, the group made headlines after another noteworthy addition to its team, securing the services of Alexander Karolev who joins BNP Paribas as its Emerging Markets Debt (ECM) syndicate manager. Despite the move, BNP has largely been devoid of many moves recently, with a number of its global operations experiencing some degree of turnover back in Q1 2015.