CIBC Capital Markets has appointed Michael Saunders as executive director of its global markets funding desk at the firm’s New York office.
Saunders joins the Canadian-based firm from a decade-long career at BNP Paribas, where he was formerly head of agency lending for the Americas within the firm’s Securities Services business.
He was responsible for the management of the firm’s global securities financing business including trading, business development and client services.
Saunders joined BNP Paribas in 2013 as director, head of trading and investments for the firm's North American agency securities lending team.
He announced his departure from BNP Paribas’ Securities Services in April 2023, which followed a period of gardening leave.
