BNP beefs up NY trading capabilities

Albert Elfassy also joins in New York from the Tokyo office, where he traded short-term derivatives in yen and US dollar products. He becomes global head of US dollar short-term derivatives trading.

Michael Santoro joins the bank from Brookstreet Securities. Taking up the role as a short-term trader alongside Elfassy, he was previously a fixed-income trader.

The remaining hires – Harpal Maini, John Kinsella and James Logush are in mortgage and agency trading.

"The interest rate group is a key

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