Banks bags top sales job at BNPP

The bank said the role had been created to promote and co-ordinate its "increasingly global foreign exchange business". Banks now reports locally to Arne Groes, global head of fixed-income sales. He was previously head of European corporate derivatives and FX, based in London, reporting locally to Tim Drayson, head of the bank's European corporate group.

Banks' replacement has been named as John Chase, reporting to Drayson for all European corporate derivatives activity, and to Banks for FX