Jared Epstein left BNP Paribas (BNP) SA after serving as head of flow credit trading for more than two years, a bank spokeswoman said.
Epstein, who was appointed to the position in June 2009, previously worked for eight years at Morgan Stanley, where he was a managing director in market-making and proprietary trading, according to his BNP Paribas biography. Earlier, he worked for Lehman Brothers Holdings Inc. in structured credit trading. Megan Stinson, a spokeswoman for BNP Paribas in New York, confirmed Epstein’s departure.
Flow credit trading is the business that serves as a middle-man on the most liquid types of credit, compared with proprietary trading or structured transactions.
Epstein didn’t return calls and text messages to his mobile phone for comment.
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