Hedge Funds

BNP prime brokerage to split former global head Hocking’s duties


Americas sales chief J.P. Muir and London head Matt Pinnock to share responsibilities.

BNP Paribas’ prime brokerage division will not replace former global head Sam Hocking, who resigned earlier this month.

Rather than promote or hire someone to fill Hocking’s position, the firm will instead broaden the duties of U.S. sales chief J.P. Muir and European sales head Matt Pinnock. The latter, who joined this month from Nomura and had worked previously for Lehman Brothers, will lead international prime brokerage sales, while Muir will retain his Americas purview. Both report to head of equity sales Chris Innes. The bank has no plans to fill Hocking’s position directly, spokeswoman Cesaltine Gregorio said.

Hocking had