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 equityprimebrokerage unit--would give the bank an attractive springboard into the lucrative American market.
Goldman Sachs Group , Morgan Stanley and Bear Stearns Cos. dominate the market, particularly for equityprimebrokerage, but a handful of commercial banks, including Bank of America and Citigroup , have been chomping at the bit to get bigger.
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 equityprimebrokerage unit--would give the bank an attractive springboard into the lucrative American market.