BNP Paribas sets sights on top-five spot in forex

LONDON - BNP Paribas's foreign exchange division will make more than 30 additions globally to its sales force over the next three years, as it aims to become a top-five contender in foreign exchange.

Recruitment will focus on real-money and hedge fund sales staff. Francois Boisson, London-based head of FX sales, said the bank's ratio of FX sales staff to traders will increase over the next three years from about 2:1 to 3:1.

The bank will add 200 fixed-income real-money salespeople by 2012, which

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