The global head of equity and derivatives for BNP Paribas, Yann Gerardin, told Forbes.com on Wednesday that its latest acquisition--Bank of America's equity prime brokerage unit--would give the bank an attractive springboard into the lucrative American market.

FORBES: Magazine Article

Goldman Sachs Group , Morgan Stanley and Bear Stearns Cos. dominate the market, particularly for equity prime brokerage, but a handful of commercial banks, including Bank of America and Citigroup , have been chomping at the bit to get bigger.

FORBES: Deutsche Bank Bulks Up

The global head of equity and derivatives for BNP Paribas (other-otc: BNPQY - news - people ), Yann Gerardin, told Forbes.com on Wednesday that its latest acquisition-- Bank of America (nyse: BAC - news - people )'s equity prime brokerage unit--would give the bank an attractive springboard into the lucrative American market.

FORBES: Prime Time For BNP Paribas

Goldman Sachs Group (nyse: GS - news - people ), Morgan Stanley and Bear Stearns Cos. (nyse: BSC - news - people ) dominate the market, particularly for equity prime brokerage, but a handful of commercial banks, including Bank of America (nyse: BAC - news - people ) and Citigroup (nyse: C - news - people ), have been chomping at the bit to get bigger.

FORBES: Deutsche Bank Bulks Up

Morgan Stanley's own website lists 20 pages of available jobs in its North American institutional securities division, including many technical and risk management posts but also positions in equity research, in derivatives and in prime brokerage.

FORBES: Wall Street's Hiring Spree

Niederauer spent 22 years at Goldman, most recently as co-head of its equity division execution business, which includes trading, clearing and prime brokerage.

FORBES: Magazine Article