The global and European heads of high-yield capital markets at BNP Paribas have left as part of a round of redundancies the French bank has made to the business in London and New York.

John Ong, co-head of loan and high-yield capital markets in New York, and Youssef Khlat, head of European high-yield capital markets and deputy head of leveraged finance in London, left the bank about two weeks ago.