Michael Schramm has joined BNP Paribas’s syndicate to work on its medium term note and private placements desk. He joined from DZ Bank, which in turn is understood to have made a hire from Landesbank Baden-Württemberg.

At BNP Paribas, Schramm is covering financial institutions and will cover sovereigns, supranationals, and agencies as well as being involved in covered bonds.

He will report to Marc Falconer, global head of MTNs.

He left DZ Bank at the end of September after working in corporate bonds and syndication at the bank and joined BNP Paribas earlier this month.

As reported two weeks ago, DZ is understood to have hired Stephan Schmitt from LBBW, where he worked on fixed income syndicate and medium term notes.