BNP Paribas makes first big European hire of 2018

BNP Paribas has made this year’s first senior hire in the UK by bringing in Jonathan Chekroun as a director.

Chekroun, who comes with 12 years of experience, specializes in cross-asset structured derivatives, complex transactions, risk premia strategies and hedge funds, according to his LinkedIn profile. He will handle BNP’s cross-asset solutions in Belgium and Netherlands. He will be based out of the Brussels office.

Before joining BNP, Chekroun spent a little over two years at Credit Suisse as a director. He started his career with Lehman Brother as an associate for structured sales in 2006 and moved on to Nomura in 2008, where he served as a vice president for over four years. In 2012, he joined Morgan Stanley as a senior vice president, heading investment solutions for three years, before leaving it for Credit Suisse in 2015.

His arrival comes at a time when France’s largest bank is looking to gain market share in the UK, and is hiring to boost its British operation, which already has 8,500 staff.  Early last year, the bank announced plans to spend 3 billion euros from 2017-2020 to boost profitability in a bid to become Europe’s one of the top three corporate and investment banks by adding 350 extra clients to the 1,700 companies it already serves in the region. In 2017, BNP stood 10th and 15th in Dealogic's ranking of investment banking revenue for Europe and the UK respectively, with 3.7 percent and 1.6 percent market shares. BNP also plans to achieve compound annual revenue growth across the corporate and investment bank of 4.5% by 2020.

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