NEW YORK, Feb. 7, 2005 (PRIMEZONE) -- BNP Paribas is pleased to announce the appointment of Ken Campbell to its U.S. Mortgage Backed Securities (MBS) business. He joins the Tysons Corner, Virginia office as a Director and an MBS originator, reporting locally to Kevin Heal, Head of U.S. MBS Sales and functionally to Avi Pemper, Head of Financial Institution Coverage within Fixed Income.
Ken joins the firm from Federal Home Loan Mortgage Corporation where he was a senior mortgage originator since 2003. Prior to that, he was Chief Operating Officer and Director of E*Trade Global Asset Management.
Commenting on the appointment, Kip Testwuide, Head of Sales and Origination for the Americas said, "Ken's appointment builds upon the establishment of a customer facing mortgage business. These appointments not only complement our U.S. expansion, they represent a new line of revenue for our U.S. fixed income business and a new product line which we provide to our clients in the fund management, banking and mortgage finance sectors."
About BNP Paribas
BNP Paribas (www.bnpparibas.com) is a European leader in banking and financial services, with a significant and growing presence in the United Sates and leading positions in Asia. The most profitable bank in the Euro zone, it has a presence in 85 countries with 89,400 employees. The group enjoys key positions in Corporate and Investment Banking, Private Banking & Asset Management, Insurance, Securities Services and Retail Banking.
BNP Paribas provides a full array of financial products through a portfolio of brands that cover a variety of distribution channels. With offices in New York, BNP Paribas in North America offers a broad range of corporate, investment banking and securities brokerage activities. With locations in all the major corporate and financial centers across the United States and Canada, BNP Paribas in North America serves a world-class client base of multinational corporate and mid-cap companies, major issuers and institutional buyers. As a registered NASD broker-dealer and member of SIPC, BNP Paribas Securities Corp. trades and markets a vast array of global and domestic fixed income and equity products