BNP Paribas Adds Two Members to Institutional Sales Team

BNP Paribas has added two new members to its institutional sales team - Chris Read and Morgan Walsh. Based in London. The two new additions are both former employees of Deutsche Bank, a report from FX Week states.

Before joining the ranks of BNP Paribas, Read was the head of Deutsche Bank’s investor desk in institutional Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term sales. Walsh, on the other hand, was a member of the investor desk team.

According to the article from FX Week, both Read and Walsh left the German investment bank in July this year. Read originally joined Deutsche in 2010. He joined the firm from JP Morgan, where he had worked on the forex Execution Execution Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Read this Term desk since 2006.

Morgan Walsh’s Career Before BNP Paribas

Walsh, however, joined the bank from Morgan Stanley. At the firm, he held the position of institutional forex sales associate. During the three years he worked for the bank he covered the United Kingdom Real Money accounts.

Prior to this, Walsh worked in forex sales at ICAP, a leading markets operator and provider of execution and information services. He worked at the company from September 2008 to January 2010.

According to his LinkedIn, during his first six months at the firm, he rotated between the equity, commodity, forex and interest rate swaps desks. He was then assigned to a new forex sales desk that focused on institutional clients.

In 2007, Walsh kick-started his career at Jefferies in the private client division. This position, which held for just over a year, was his introduction to working in the financial markets and, according to his LinkedIn “confirmed that finance was the career I wanted to pursue.”

Between 2004 until 2008 Walsh attended University College of Dublin. Here he achieved a Bachelor of Business and Legal Studies. In 2010 he also passed the first level of the Chartered Financial Analyst Program.