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BNP Paribas Strengthens US Markets and Economics Division
The esteemed financial institution, BNP Paribas, has fortified its US presence with two notable appointments in the realm of markets and economics. The addition of Guneet Dhingra and James Egelhof showcases a strategic enhancement to their acclaimed Markets 360 product.
Both Dhingra and Egelhof are based in the bustling metropolis of New York, a decision aligning them close to some of the world’s most pivotal financial markets. With James Egelhof taking on the considerable role of chief US economist, BNP Paribas has tapped into a deep well of economic expertise. Prior to his new role, Egelhof spearheaded fundamental global macro research at Jane Street. His experience is further bolstered by a decade at the Federal Reserve Bank of New York, where he managed a multifaceted research team at the intersection of monetary policy and global market analysis.
In the same vein, Guneet Dhingra steps in as head of US Rates strategy. Dhingra’s 16-year tenure at Morgan Stanley, where he most recently led US Rates strategy, is nothing short of impressive. At BNP Paribas, he’ll direct coverage of US rates products, such as Treasuries, swaps, inflation, and volatility.
Amidst this bustling city backdrop, the appointments are seen as strategic moves by BNP Paribas. John Gallo, a key figure in the firm’s strategic direction, commented on the appointments with enthusiasm. He believes that both Dhingra and Egelhof will offer invaluable insights and states, “Their expertise aligns with our ambition to provide best-in-class insights and strategies for our clients.”
This strategic positioning is expected to underscore BNP Paribas’ commitment to strengthening their capabilities within the US market, ultimately delivering enhanced value to a global client base.
At the helm of these strategic developments is Calvin Tse, now head of Americas macro strategy and US economics. Reporting to Tse, both Egelhof and Dhingra will be contributing their seasoned expertise to the bank’s burgeoning influence in US economics.
Luigi Speranza, the respected head of Markets 360 and BNP Paribas’ chief economist, added his voice to the welcoming chorus. He anticipates their contributions will amplify BNP Paribas’ prowess in navigating the mutable market landscape. According to Speranza, this extension of the team bolsters BNP Paribas’ reputation as a trusted partner amidst "an increasingly complex global economic and market environment."
Key Functions of BNP Paribas’ New Appointees
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Guneet Dhingra:
- Oversight of US Rates strategy
- Focus on Treasuries, swaps, inflation, and volatility
- James Egelhof:
- US economic coverage
- Forecasting growth, inflation, and monetary policy
Summary
In essence, these strategic enhancements at BNP Paribas not only amplify their existing operations in the US but also set a trajectory for the bank to become a spearhead for client-driven insights and solutions. With both the enduring expertise of Dhingra and Egelhof on board, distinctions in perpetuating BNP Paribas’ commitment to market and economic leadership are well positioned.
