BNP Paribas hires Carl Riccadonna as Chief U.S. Economist

NEW YORK–(BUSINESS WIRE)–BNP Paribas, the world’s leading bank, today announced the appointment of Carl Riccadonna as Chief US Economist for Markets 360™, the bank’s market strategy and economics division.

At BNP Paribas, Mr. Riccadonna and his team will be responsible for providing clients with a macro view of the U.S. economy as well as short-term and long-term outlook given geopolitical events, central bank policy and other market developments. He will report to John Gallo, Global Head of Sales and Head of Global Markets for the Americas, and Luigi Speranza, Chief Global Economist.

Mr. Riccadonna has extensive experience in translating his analyzes of macroeconomic trends into actionable intelligence at industry, sector and regional levels. Before joining BNP Paribas, he worked for Bloomberg LP, where he was Chief US Economist and Head of Economics Research for the Americas, then Chief Industry Economist for Bloomberg Intelligence. In these roles, he contributed in-depth analysis of key economic trends for the Bloomberg Professional service, a source of historical and real-time financial data, news, research and analysis. Previously, Mr. Riccadonna spent 13 years at Deutsche Bank where he eventually assumed the role of senior US economist after leaving the fixed income strategy. At Deutsche Bank, he helped the economics research team achieve frequent top industry rankings.

Mr. Riccadonna has contributed to numerous research publications, maintains a frequent and visible presence by speaking at high profile industry events and appears regularly as a guest commentator for broadcast media. He studied both mechanical/aerospace engineering and finance at Princeton University.

John Gallo, Global Head of Sales and Head of Global Markets Americas at BNP Paribas, said, “Carl’s thought leadership and knowledge of the US economy will be extremely valuable to the corporate clients and institutional investors we help navigate in world markets. In particular, Carl and his team will work to strengthen our customer franchise in the Americas, which is an integral part of the bank’s growth strategy.

Olivia Frieser, Global Head of Markets 360™ at BNP Paribas, said: “We welcome Carl’s unique insights, which will enhance our holistic offering of market strategy and economic analysis. Ultimately, Carl’s contributions will support our clients’ investment decisions during this time of uncertainty for the global economy.

Carl Riccadonna, Chief US Economist of Markets 360™ at BNP Paribas, said: “I am delighted to lead the BNP Paribas US Economics research team at such a critical time. Understanding and navigating the post-pandemic economy presents an exciting challenge, which I believe can be met through a combination of careful scrutiny of key macroeconomic trends and a sober analytical perspective.

About Markets 360™

Markets 360™ is the new Strategy & Economics division of BNP Paribas, aiming to provide institutional investors, including corporates, with superior market insights and timely thought leadership. Markets 360™ brings together strategy and economics in thematic briefs on asset classes. Markets 360™ strives to ensure that its market insights are evidence-based, backed by quantitative analysis and data. Our unique offering: Quantitative DNA, strength in emerging markets, sustainability analysis, credit expertise and mastery of derivatives.

About BNP Paribas

BNP Paribas is the leading bank in the European Union and a major player in international banking. It is present in 65 countries and has nearly 190,000 employees, including nearly 145,000 in Europe. The Group has key positions in its three main areas of activity: Commercial, Personal Banking & Services for the Group’s commercial and personal banking and several specialized businesses including BNP Paribas Personal Finance and Arval; Investment & Protection Services for savings, investment and protection solutions; and Corporate & Institutional Banking, focused on corporate and institutional clients. With its diversified and integrated model, the Group supports all of its clients (individuals, local authorities, entrepreneurs, SMEs, companies and institutions) in carrying out their projects through financing, investment and savings solutions. and foresight. In Europe, BNP Paribas has four home markets: Belgium, France, Italy and Luxembourg. The Group deploys its integrated commercial and personal banking model in several Mediterranean countries, in Turkey, in Eastern Europe as well as through a large network in the western United States. A key player in international banking, the Group has leading platforms and businesses in Europe, a strong presence in the Americas and solid and fast-growing business in Asia-Pacific.

BNP Paribas has implemented a Corporate Social Responsibility approach in all its activities, enabling it to contribute to building a sustainable future, while ensuring the Group’s performance and stability.

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