BNP Paribas's co-head of EMEA high yield trading is not there
Where is Daniel Cohen, the co-head of EMEA high yield trading at BNP Paribas in London? Not, it seems, on the desk. Cohen is absent from the Bloomberg terminal. Multiple sources suggest he left last Thursday.
💥Follow us on WhatsApp for news alerts.💥
Cohen didn't respond to requests to comment on his whereabouts. BNP declined to comment.
High yield traders are having a hard time as spreads blow out. BNP Paribas is also having a hard time as the French riots take their toll in its share price, which is down 15% this month. It's not clear whether Cohen's departure is related.
We understand that BNP Paribas is currently undertaking its annual appraisals and that job cuts may be coming soon. The French bank reports its results next Wednesday.
Cohen joined BNP Paribas from Jefferies in August 2024. BNP already employed Alun Sheppard, the former head of EMEA high yield trading at JPMorgan. Sheppard is still there.
Follow me on X. Follow me on LinkedIn.
Have a confidential story, tip, or comment you’d like to share? Contact: +44 7537 182250 (SMS, Whatsapp or voicemail). Telegram: @SarahButcher. Signal: sarahbutcher.22 Click here to fill in our anonymous form, or email editortips@efinancialcareers.com.
Bear with us if you leave a comment at the bottom of this article: comments are moderated intermittently by human beings. Sometimes these humans might be asleep, or away from their desks, so it may take a while for your comment to appear. You must take sole responsibility for comments you post on this site. We will take reasonable steps to weed out anything that we consider to be offensive or inappropriate
