BNP Paribas Appoints Riccadonna Chief U.S. Economist

BNP Paribas appointed Carl Riccadonna chief U.S. economist for Markets 360, the bank’s market strategy and economics division.

At BNP Paribas, Riccadonna and his team will be responsible for delivering to clients a macro view of the U.S. economy as well as short- and long-term outlooks given geopolitical events, central bank policy and other market developments. He will report to John Gallo, global head of sales and head of global markets in the Americas for BNP Paribas, and to Luigi Speranza, chief global economist for BNP Paribas.

Riccadonna has experience in translating his analyses of macroeconomic trends into actionable intelligence at industry, sectoral and regional levels. Prior to joining BNP Paribas, he was chief U.S. economist and head of economics research for the Americas and chief industry economist for Bloomberg Intelligence. He contributed analysis of economic trends for Bloomberg Professional Services, a source for real-time and historical financial data, news, research and analytics. Riccadonna also spent 13 years at Deutsche Bank, where he assumed the role of senior U.S. economist after transitioning from fixed income strategy.

Riccadonna has contributed to multiple research publications, maintains a presence through speaking roles and appears as a guest commentator for broadcast media.

“Carl’s thought leadership and knowledge of the U.S. economy will be extremely valuable to the corporate clients and institutional investors that we help to navigate global markets,” John Gallo, global head of sales and head of global markets in the Americas at BNP Paribas, said. “In particular, Carl and his team will work to strengthen our client franchise in the Americas, which is an integral part of the bank’s growth strategy.”

“We welcome Carl’s unique perspectives, which will enhance our holistic offering of market strategy and economic analysis,” Olivia Frieser, global head of Markets 360 at BNP Paribas, said. “Ultimately, Carl’s contributions will support our clients’ investment decisions during this uncertain time for the global economy.”

“I am thrilled to be leading the BNP Paribas U.S. economics research team at such a critical moment,” Riccadonna said. “Understanding and navigating the post-pandemic economy presents an exciting challenge, one which I am confident can be tackled through a combination of meticulous scrutiny of key macroeconomic trends and a sober analytical perspective.”

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