BNP Paribas Secures Former Deutsche Executive Neehal Shah as Head of G10 FX

BNP Paribas has appointed Deutsche Bank veteran Neehal Shah, who has held a variety of senior foreign Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term roles, as the new head of its G10 FX trading unit.

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According to the French financial institution, he will report to Adrian Boehler, global co-head of FXLM and commodity derivatives, in the firm's London offices.

Neehal stepped down from Deutsche back in 2015, where he last served as global head of e-commerce sales. During his 13-year tenure with Germany’s biggest lender, Neehal held a range of senior roles in the foreign exchange unit. These included global head of FX options trading, global head of investor FX sales, and head of FX trading in North America at various points over the last decade.

The flow of FX talent at the French banking giant goes both ways, however. While BNP is hiring in traders from other banks, it’s also losing them to rivals – including in the retail space. Earlier last year, ADS Securities bolstered its prime of prime (PoP) solutions with the addition of Louisa Kwok, who previously served with BNP as its European Head of Client Solutions and Fixed Income Client Clearing Clearing Clearing is a general term that simply means many different things depending on the subject and related industry. Most commonly, this refers to the reciprocal exchange between banks of checks and drafts, and the settlement of the differences, or the total of claims settled at a clearinghouse. In finance and banking, the word clearing has different meanings depending on the more specific business model. Moving checks from the bank where they were deposited to the bank on which they were drawn. Th Clearing is a general term that simply means many different things depending on the subject and related industry. Most commonly, this refers to the reciprocal exchange between banks of checks and drafts, and the settlement of the differences, or the total of claims settled at a clearinghouse. In finance and banking, the word clearing has different meanings depending on the more specific business model. Moving checks from the bank where they were deposited to the bank on which they were drawn. Th Read this Term.