(Bloomberg) -- BNP Paribas laid off at least six people from its emerging-markets credit team just two years after the bank expanded its presence in the space, according to people familiar with the matter.
Those cut include Bo Bazylevsky, who joined in 2022 as a New York-based managing director and senior trader focused on Latin America debt, said the people, who spoke on the condition of anonymity because the information hasn’t been made public. Trang Nguyen, the London-based global head of emerging-market sovereign and corporate credit strategy, was also laid off.
The London- and New York-based heads of emerging-market credit sales Kalpesh Suchdev and Mike Robinson, respectively, were also let go, as were trader Felipe Restrepo and EM sales director David Hurtares.
Representatives for BNP declined to comment. Bazylevsky, Nguyen, Suchdev, Robinson, Restrepo and Hurtares all declined to comment.
Nguyen led global emerging-market sovereign credit research for JPMorgan Chase & Co. before joining BNP two years ago as part of a hiring spree in which BNP built out its team. Bazylevsky came to BNP the same year as the head of LatAm Flow Credit Trading, according to a statement at the time, after a stint with Stifel Financial Corp.
--With assistance from Kerim Karakaya.
(Updates to reflect additional layoffs and details on job roles starting in headline and first paragraph.)
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