BNP Paribas has brought in a new senior banker, recruiting Mick Wiedrick from JPMorgan to join the lender’s New York syndicate desk – he steps into his new role in October, per a Reuters report.
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The shuffling of senior banking personnel has been a continued trend in 2016, with global lenders in the UK, Europe, and the US each experiencing a flurry of moves. For its part, BNP Paribas has secured the services of one of the industry’s veteran bankers, with Mr. Wiedrick looking to focus on the bank’s asset-backed securities (ABS) business in the US.
Mr. Wiedrick joins BNP Paribas from JPMorgan, having worked as an executive director on JP Morgan’s ABS and CMBS syndicate. In his newly created role at BNP Paribas, he will head the ABS syndicate, with an emphasis on building out its client list in a number of sectors, including auto, equipment and fleet lease ABS. In this capacity he will be reporting to BNP Paribas’ Head of US FIG syndicate, Simon Mayes.
Prior to joining JPMorgan in 2007, Mr. Wiedrick held several analyst roles at other lenders, including Morgan Stanley and UBS, having focused mainly on the fixed income space, according to information made public on his Linkedin profile.