BNP Works To Globalise FX, Treasury In Tandem With Options Boutique Deal

BANKS

Banque Nationale de Paris has started implementing a three-year plan to globalise its treasury organisation, according to officials. This move complements the bank's recent deal to buy options and trading boutique Cooper Neff (FX Week, June 27).

Foreign exchange director Albert Bossuet says the bank is in the process of putting the six largest in its network of 25 trading rooms under a global product management structure--previously the bank's trading organisation was "completely decentralise