BNP Paribas has hired a team of five traders from Nomura in New York to bolster its equity derivatives business. They will join Quest, the quantitative trading business.
Timothy Egan and Alidad Mireskandari join as managing directors, Glenn Waldorf becomes a director and Keith Lillis and Robert McHugh will be vice presidents.
The bank has also hired David Nikodem as a director from Blumberg Capital Management, the US investment company.
All six will report to Kyle Rusconi, managing director and head of the Quest business in North America.
Egan and Mireskandari have worked at Nomura since 2002. Egan as a proprietary trader and Mireskandari as a director and proprietary trader.
Waldorf worked as a proprietary equity trader at Nomura for two years. Previously he worked at UBS Warburg and Bear Stearns. Lillis had been a senior trader in Nomura's proprietary equity strategies since 2003 and was an OTC market maker at Fleet Trading for three years before that.
McHugh was head trader for fundamental long/short equity, trader in European relative value and Latin American relative value and held other trading roles.
Yann Gerardin, global head of equities and derivatives, said the bank would continue to develop in the US with further appointments throughout the business.
The bank recently added three senior executives to its fixed-income business in New York and has been improving its derivatives capabilities. It also recently strengthened its US wealth management business with the purchase of FundQuest, a Boston-based business.