The Covered Bond Report understands that Arjan Verbeek, head of flow ABS and covered bond structuring at BNP Paribas, is leaving the bank.

Verbeek joined BNP Paribas in September 2006, having previously worked at Barclays Capital. Prior to that he worked at Moody’s Investors Services, and before that, until 2000, at Royal Bank of Canada.

In his role at Moody’s Verbeek worked on the first structured covered bond, for HBOS in 2003, and he went on to be involved in the structuring of many new covered bond programmes at Barclays and BNP Paribas.

The CBR understands that Verbeek is set to leave the industry.