BNP Paribas SA has appointed Kavi Gupta, formerly of the $6 billion multistrategy hedge fund Jain Global, to lead its fixed income, currencies, and commodities (FICC) trading operations in the Americas. Gupta joins BNP from Jain, where he served as a senior portfolio manager.

Gupta brings a wealth of experience from his previous roles. Before Jain Global, he managed global rates trading, trading analytics, and counterparty portfolio management at Bank of America Corp. He started his career at Goldman Sachs Group Inc.

In his new capacity at BNP, Gupta will oversee trading across interest rates, options, commodities, foreign exchange, repo, and secondary credit markets within the Americas. This appointment signals BNP's strategic focus on strengthening its FICC trading division, aiming to leverage Gupta's expertise to navigate complex markets and drive business growth.