Laurent Gueunier joined BNP Paribas Investment Partners as head of alternative debt management, said a spokesman for the money management firm.
The position is new. He will be based in Paris, and report to Dominick DeAlto, chief investment officer of institutional fixed income. Mr. Gueunier will lead the alternative debt management team, which manages €1.56 billion ($1.72 billion) in assets, managing strategies across European securitizations, mini-bonds and multistrategy credit.
“The appointment of (Mr. Gueunier) is core to the expansion of our alternative debt management business,” said Mr. DeAlto. “The changing regulatory environment and the disintermediation of the direct lending market have created opportunities for asset managers such as ourselves.”
Mr. Gueunier was previously head of structured finance at AXA Investment Managers, said a BNP news release. A spokeswoman could not be reached for comment by press time.