BNPP targets hedge funds

LONDON - BNP Paribas is continuing to grow its presence within the hedge fund community, with two hires of hedge fund salespeople from Morgan Stanley in London.

James Austin and Chris Preston, who work in foreign exchange sales to hedge funds at Morgan Stanley, left last Wednesday (July 22) and are due to join BNP Paribas's hedge funds sales desk. There, they will report to Miranda Royston, head of hedge fund sales, based in London.

The hires reflect BNPP's ongoing strategy to increase its

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