BNP Paribas appointed Scott Carter global head of investor coverage.

Carter was previously a partner and head of trading and portfolio financing at AQR Capital Management, a global investment manager. In this role, Carter led AQR’s global trading team and portfolio finance effort, with responsibilities for the trade execution, financing, clearing and cash management of AQR’s funds and management of the firm’s counterparty relationships. Prior to AQR, Carter spent 20 years at Deutsche Bank in senior positions, including North American co-head of prime finance.

Carter will be based in New York and report locally to José Placido, CEO of BNP Paribas USA and CIB Americas, and globally to Sandrine Ferdane, global head of financial institutions coverage (FIC) at BNP Paribas. He also joined the CIB Americas leadership committee and FIC executive committee.

According to BNP Paribas, the investors’ sector (consisting of asset managers, hedge funds and pension funds) is one of the most dynamic institutional client segments, with the bank expecting significant opportunities for growth across its global markets and securities services activities. The investor sector is also a strategic focus for the bank and at the core of its “bridge with corporates” philosophy, including the financing of the low carbon transition.

“Today’s appointment capitalizes on the significant progress we’ve made since the inception of the investor coverage team and is the natural progression in the space, further deepening our connections and relevancy with investors in the U.S. and globally,” Placido said.

“Our ambition is to become the leading European bank to institutional clients and support the whole economy during the low carbon transition,” Ferdane said. “BNP Paribas is well-positioned to provide comprehensive investor solutions that meet the evolving needs of institutional investors worldwide. We welcome Scott to our management team and look forward to continuing working closely with all our investor clients together with our senior bankers in the U.S., EMEA and APAC.”