BNP Beefs Up LatAm

BNP Paribas has appointed veteran banker Marcelo Delmar as head of LatAm DCM based in New York, reporting to head of LatAm fixed income Carlos Calabresi and North America DCM chief Jim Turner. Delmar, who started working at the French bank Monday, was previously head of LatAm DCM at UBS, which lost all of its experienced LatAm debt bankers over the last 12 months. The Swiss bank downsized the debt team in line with anticipated shrinkage in issuance and its recent sale of the Pactual Brazil unit to BTG left its commitment to the region in question. It is heard looking to replace Delmar. BNP has also hired Edgar Lievano as vice president in the fixed income LatAm derivative sales group. He was previously in a similar role at Bank of America-Merrill Lynch in New York covering LatAm corporates. He reports to Garry Popofsky, head of FX and EM sales. Separately, BNP has appointed Eddie Patury and Fabiano Tomita for fixed income institutional sales based in Sao Paulo. Patury was previously at Citi, while Tomita was head of international fixed income sales for Bradesco BBI. Both will report to Luis Berlfein, head of fixed income origination and distribution for Brazil. The moves follow news that Lodewijk Spoorenberg, head of Americas for energy, commodities, export and project finance at BNP Paribas, will relocate back to Europe for a senior role in corporate and investment banking (CIB). Louis Bazire is now head of CIB LatAm, excluding Mexico which will be under the responsibility of Everett Schenk, head of CIB for BNP Paribas North America.