BNP unveils new FX group

While the bank declined to comment on why the restructure is taking place, a London-based source said the move will grant FX staff easier access to hybrid products, where there is money to be made on structured products. "This could also mean a move towards a cross-asset sales force," the source added.

BNP Paribas has named Eric Auld, global co-head of interest rate options and interest rate hybrids in Tokyo, as head of the new FX and hybrids trading group. Auld will move to London before