French bank BNP Paribas has reshuffled its private equity division a week after announcing two appointments to the team, as it moves to take advantage of a resurgent local buyout market.

BNP Paribas Private Equity appointed Jean-Marc Rivet-Fusil as head of its fund of funds team. Rivet-Fusil was previously chief investment officer for the division since 2007, and has also served at Access Capital Partners and Banexi Ventures.