BNP Paribas expands Asia ECM team

French Bank hires Mrinal Parekh as a director with a focus on equity capital markets in Southeast Asia following a disappointing year in the region.

BNP Paribas has poached Deutsche Bank's Mrinal Parekh for its Capital Raising and Financing Group as the French bank looks to improve on a disappointing year in Southeast Asia, according to a source familiar with the situation.

In order to boost its market share in Asia’s investment banking business, BNP Paribas recently combined its equity and debt capital markets teams as well as its loan business and renamed the division the Capital Raising and Financing Group.

Parekh, who was most recently with Deutsche Bank’s equity-linked team, will join BNP Paribas as a director with a focus on equity capital markets origination and execution in Southeast Asia and...

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