BNPP eyes European FXPB business
As part of its expansion, the bank recruited Marco Baggioli as European head of FXPB from Deutsche Bank earlier this year. Since arriving in March, Baggioli has won over Overlay Asset Management from a rival broker and has grand ambitions to grow European business to account for a third of the bank’s FXPB business from 10% currently, with the US and London representing 60% and 30%, respectively.
Baggioli's strategy is to leverage the bank's recently acquired prime-brokerage technology and know
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