For Recruiters
What's more senior than a managing director? A senior managing director.

French bank likely pays large guaranteed bonus to hire from UBS

BNP Paribas is staking its claim to be the top investment bank in Europe – and they’re putting their money where their mouth is.

BNP might have lost out to Nomura recently, with a big-name trading MD leaving the French bank after less than a year at his post. But it’s poached a senior financial sponsor banker to compensate.

Andrew Holloway joined BNP as a senior managing director today after 4 years at Swiss bank UBS, where he was an MD, and 15 years at Deutsche Bank before that.

Financial sponsors bankers work with private equity firms to buy and sell portfolio companies - but according to finance market specialists Dealogic, neither BNP nor UBS are in the top ten for global financial sponsor revenue.

Holloway’s move to BNP is a strong sign of optimism both in Paris and for the wider financial industry – hiring into a downturn is rare enough.

The FT reported last month that Blair Effron, co-founder of boutique firm Centreview Partners, was optimistic for private equity – “the first wave of M&A coming out of this is private equity-driven, not corporate-driven.”

BNP isn’t the only confident bank – Evercore took on Richard Hoyle as a senior managing director this month too. Hoyle joined after 8 years as a managing director at Lazard, and 14 years before that at Greenhill, specializing in TMT (Technology, Media, and Telecom). He heads up Evercore’s European information and media team.

Click here to create a profile on eFinancialCareers. Make yourself visible to recruiters hiring for jobs in finance and technology.

Have a confidential story, tip, or comment you’d like to share? Contact: in the first instance.

Bear with us if you leave a comment at the bottom of this article: all our comments are moderated by human beings. Sometimes these humans might be asleep, or away from their desks, so it may take a while for your comment to appear. Eventually it will – unless it’s offensive or libelous (in which case it won’t.)

AUTHORZeno Toulon

Apply for jobs

Find thousands of jobs in financial services and technology by signing up to eFinancialCareers today.

Boost your career

Find thousands of job opportunities by signing up to eFinancialCareers today.
Latest Jobs