BNP Paribas has raided UK insurer CGNU's tax team as part of the bank's strategy to expand its risk management service for insurance clients.
Mark Field has left his role as deputy tax director at CGNU to join the global risk solutions team at BNP Paribas.
Field will ensure the tax efficiency of the derivatives deals the French investment bank structures for insurance companies that hedge their risks, according to eFinancialNews.com.
He had worked at Coopers and Lybrand before joining CGNU nine years ago.
