Opera Trading Capital, a propitiatory arm of BNP Paribas, has lost Paolo Nicolosi, the group’s Head of Foreign Exchange (FX) Alpha Proprietary Trading, after less than a year in the role, Finance Magnates has learned.
Mr. Nicolosi served as the Co-Head of London Branch & Head of FX Alpha Proprietary at Opera Trading Capital, having joined the group back in July 2015. Prior to this role he had worked at BNP Paribas’ London-based FX Alpha desk for over three years, dating back to 2012.
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In addition, while at BNP, he served as an integral component of its FX options business as its Global Head of G10 FX Options Trading since 2005, part of a decade long tenure with the French lender. Additional stops include Standard Chartered, Commerzbank, and JPMorgan in a number of senior level FX roles.
He has parted ways with Opera Trading Capital to take a new role at Goldman Sachs Asset Management (GSAM) LP as its Managing Director in its Fixed Income and Currency (FIC) unit, according to a recent Bloomberg report.