BNP Paribas's head of GBP swaps trading quietly disappeared
It seems that equities is not the only business losing senior people at BNP Paribas. The London rates desk has lost a senior trader too.
Multiple sources say that Rajiv Shah resigned last week. Shah was BNP's head of GBP swaps trading. His FCA registration shows that Shah only joined BNP in January 2024 after working for Morgan Stanley and NatWest Markets.
Shah's destination is unclear. There are suggestions that he might join Seb Fassam's team at Barclays, but this has not been confirmed. BNP didn't respond to a query on Shah's whereabouts.
BNP's macro team has been through some changes in the past year. Various people left at the end of 2024, including Francisco Oliveira, the not-always-popular head of macro and credit trading, who is now at SocGen.
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