BNP Paribas has appointed Deutsche Bank veteran Neehal Shah, who has held a variety of senior foreign exchange roles, as the new head of its G10 FX trading unit.
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According to the French financial institution, he will report to Adrian Boehler, global co-head of FXLM and commodity derivatives, in the firm’s London offices.
Neehal stepped down from Deutsche back in 2015, where he last served as global head of e-commerce sales. During his 13-year tenure with Germany’s biggest lender, Neehal held a range of senior roles in the foreign exchange unit. These included global head of FX options trading, global head of investor FX sales, and head of FX trading in North America at various points over the last decade.
The flow of FX talent at the French banking giant goes both ways, however. While BNP is hiring in traders from other banks, it’s also losing them to rivals – including in the retail space. Earlier last year, ADS Securities bolstered its prime of prime (PoP) solutions with the addition of Louisa Kwok, who previously served with BNP as its European Head of Client Solutions and Fixed Income Client Clearing.