Crédit Agricole Indosuez (CAI) has recruited François Davril, head of credit sales at BNP Paribas, to run its institutional fixed income sales team in Paris.

Davril, who helped to build up the credit sales business at BNP Paribas during a 10-year tenure at the French investment bank, left his position at the end of May and has resurfaced at CAI following a period of gardening leave.