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BNP Paribas head of prime brokerage sales in EMEA quits

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Oliver Jacomb, head of prime brokerage sales for Europe, Middle East and Africa at BNP Paribas, has become the latest former Deutsche Bank executive to leave the bank after the French lender acquired its rival’s prime business, according to a report by Reuters.

The deal, which was first announced in 2019 and completed at the end of 2021, saw some 900 staff transfer from Deutsche as part of a plan by BNP to expand its offering to hedge funds and buyside clients.

Jacomb’s decision to quit follows news last week of the departure of another former Deutsche Bank exec – Torsten Schoeneborn, global co-head of electronic equities and portfolio trading at BNP Paribas – who is leaving the firm for another bank, according to a report by Reuters citing two unnamed sources with knowledge of the matter.

In September last year, Ashley Wilson, global head of prime services at BNP Paribas, and a former Deutsche Bank managing director who worked on the integration of the two business units, reversed a decision to leave the French bank, Reuters reported at the time.

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