BNP Paribas relocates Steens to leverage Cadiz Securities acquisition

BNP Paribas Cadiz Securities has appointed Luc Steens as chief operating officer in a move to develop its structured products business in South Africa. "Part of my responsibilities is to establish and develop the infrastructure to sell structured products from BNP Paribas in South Africa, as well as to develop local underlyings for its global structured products platform," Steens told SRP. Cadiz and BNP Paribas launched BNP Paribas Cadiz Securities in February - in which Cadiz holds a 40% stak