EXCLUSIVE Departure of the global head of prime services from BNP Paribas – source

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BNP Paribas is seen in this illustration taken May 1, 2022. REUTERS/Dado Ruvic/Illustration

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LONDON, July 21 (Reuters) – Ashley Wilson, global head of prime services at BNP Paribas (BNPP.PA), has resigned from the bank, a source familiar with the matter told Reuters on Thursday.

Wilson, who could not immediately be reached for comment, joined the French lender from Deutsche Bank in June last year.

This decision marks a highly publicized departure from the activity, which mainly serves hedge funds, and which BNP Paribas had been developing since 2019.

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That year it agreed to acquire Deutsche Bank’s core finance business, and at the end of 2021 the two closed the deal.

The operation involved the transfer of some 900 people from Deutsche Bank to BNP Paribas.

In the first quarter of this year, BNP posted revenue of 1.1 billion euros ($1.12 billion) in its blue-chip equities and services unit, up 61% from the previous quarter. period of the previous year.

($1 = 0.9823 euros)

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Reporting by Sinead Cruise and Lawrence White, editing by Elisa Martinuzzi, Silvia Aloisi and David Evans

Our standards: The Thomson Reuters Trust Principles.

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