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BNP Paribas to hire rival's private equity chief

Former head of Jefferies' financial sponsors coverage team in Europe to take on a global role at the French bank

BNP Paribas is set to install a new head of its global financial sponsors business
BNP Paribas is set to install a new head of its global financial sponsors business

BNP Paribas has recruited an investment banker who until recently co-led the team serving Jefferies' private equity clients in Europe to run its own sponsors business globally.

James Seagrave, who Jefferies said upon hiring him in August 2011 would be a "vital part" of its private equity coverage effort, had joined the US bank after spending his entire 22-year career at JP Morgan and its predecessor Chase Manhattan.

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