Exclusive-BNP Paribas’ global head of prime services leaves -source

LONDON (Reuters) -BNP Paribas’ world head of prime providers Ashley Wilson has resigned from the financial institution, a supply acquainted with the matter advised Reuters on Thursday.

Wilson, who couldn’t instantly be reached for remark, moved to the French lender from Deutsche Financial institution in June final yr.

The transfer marks a high-profile departure from the enterprise, which primarily serves hedge funds, and which BNP Paribas had been constructing out since 2019.

That yr it agreed to accumulate the prime finance enterprise of Deutsche Financial institution, and on the finish of 2021 the 2 accomplished the deal.

The deal concerned the switch of some 900 folks from Deutsche Financial institution to BNP Paribas.

Within the first quarter of this yr, BNP posted income of 1.1 billion euros ($1.12 billion) in its equities and prime providers unit, up 61% on the year-earlier interval.

($1 = 0.9823 euros)

(Reporting By Sinead Cruise and Lawrence White, enhancing by Elisa Martinuzzi, Silvia Aloisi and David Evans)