Nick Tranter, former head of European equities and derivatives flow and financing sales at BNP Paribas, in London, has shifted to Credit Agricole corporate and investment bank (CACIB)'s financial institutions group (FIG) coverage unit as a senior banker in the asset manager and hedge fund sector.

Tranter has been charged with 'further supporting the build out' of Crédit Agricole CIB FIG sector, and will continue to be based in London, and report to Peter Williams (pictured), global head of asset managers and hedge fund coverage.

Tranter joins from investment firm Gordian Knot where he was a managing director since March 2017. Previously, Tranter was global head of equities client management and head of equity sales Europe, Middlle East & Africa (Emea) at HSBC global banking & markets, covering equities and asset managers at HSBC's financial institutions group, for over four years.

Tranter joined HSBC in 2012 from BNP Paribas where he spent one year as European head of equity derivatives flow sales, in London. Prior to joining BNP Paribas, Tranter was a partner and head of derivatives at Execution Noble in London where he ran and expanded the derivative trading and sales division, and was responsible for setting up a quantitative research service for the firm's institutional and hedge fund clients and for developing the HSBC's institutional and hedge fund derivatives business alongside head of European equities, Garreth Hodgson.

Tranter left Execution Noble in 2011 following the decision by its new owners Banco Espirito Santo to close its equity derivatives unit in London. Tranter, who has nearly 20 years of experience of working in the derivatives markets, also worked at Morgan Stanley, where he was a founder and later managing director in charge of its European equity derivative sales business, as well as the bank's head of UK derivatives distribution.

The French banking group reported at the end of 2017 that it had collected €3.7bn from sales of structured products to investors in France during the first nine months of 2017, up from €2.3bn during the same period last year according to SRP data. The vast majority of the group's structured products sales (€3.4bn) were achieved via the large retail banking networks of both Credit Agricole and LCL.

In addition, another €286m was collected in France from products issued via Credit Agricole SA (CASA) and Credit Agricole Corparate and Investment Banking (CACIB). The CACIB vehicle also issued two structured certificates in Italy during the first nine months of 2017, including a product linked to the US CPI Urban Consumers NSA which was distributed via Banco Populare FriulAdria and sold €11.4m.

CACIB has been rebuilding its structured products capabilities over the last couple of years around its CLN business with vanilla products.

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