BNP’s FX sales head takes on new rates role

Neehal Shah will take on additional role as head of G10 rates sales following mini shake-up

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BNP Paribas’ FX institutional sales head for Europe, the Middle East and Africa, Neehal Shah, has taken on an additional role as the bank’s new G10 rates sales head.  

Shah, who has also served as the bank’s global head of G10 FX trading in London since 2017, will see his institutional sales responsibilities expanded to include rates clients, a BNP Paribas spokesperson confirms. 

His current job title is EMEA head of global macro institutional sales, though the spokesperson would not confirm whether this title is a new role or a pre-existing one. 

Shah reports to Francisco Oliveira and Arne Groes, co-heads of global macro and global credit since an organisational shake-up in February. 

The appointment follows a mini reshuffle of BNP Paribas’ rates sales business, with Joe Squires now assuming the newly created role of head of developed markets rates institutional sales for the Americas.  

Squires has worked at the French bank for the past 13 years, originally joining in 2009 as head of UK interest rate sales and co-head of interest rate sales for Europe before being promoted to head of institutional G10 rates sales for Europe in 2015.  

In his new role at the bank, he will be based in New York and reports to Heather Orrico, acting Americas head of global macro. 

More recently, he has served as co-head of G10 rates for EMEA and global head of G10 rates sales for the past two years – having previously served as deputy head of G10 rates for EMEA between 2018 and 2020. 

Squires’ previous corporate responsibilities will now lie with Ashley Parker and Xavier Gallant, co-heads of EMEA corporate rates and FX sales, who also report to Oliveira and Groes.

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