Nyse Euronext (NYX) today announced the appointment of Philippe Musette-Sykes as Head of Debt Markets for Europe.
Before joining NYSE Euronext in May 2008 to manage fixed income business development, Philippe Musette-Sykes had a 20-year career at Calyon CIB (Crédit Agricole) where he assumed several Fixed Income Trading and Sales responsibilities.
He started his career in 1972 as an Equity arbitrageur with James Capel, London. He then became a Registered Stockbroker with Prudential Bache Paris in 1974, where he was responsible for the creation of a new business operation in Eurobond trading for the company in 1977. In 1981, he moved to Banque Arabe Internationale d'Investissement, Paris, as International Bond Fund Manager.
From 1984 until 1988, when he returned to Paris to join the Crédit Agricole group, he assumed several Fixed Income Trading and Sales responsibilities, both in London and Paris, for companies such as Chemical Bank London and Kleinwort Benson London. In 2003, he also took responsibility for the Interest Rates & Derivatives e-Business within Calyon.
Philippe Musette-Sykes has been a Board Member of ISMA (International Securities Market Association, a capital market self regulatory organization) from 1996 to 2002. He is currently a Board Member of the French CNO (Comité de Normalisation Obligataire).
"We are convinced that Philippe will be instrumental in driving forward our plans to define a new corporate bond market model and providing Debt Capital Markets with an improved service with increased liquidity and transparency" said Roland Bellegarde, Group Executive Vice President for European listing businesses and European cash trading.
"Currently there are a number of discussions and initiatives being undertaken on Paris marketplace in order to re-energise the corporate bond market, Philippe's in-depth knowledge and understanding of market participants' expectations will prove beneficial in advancing our strategy in this area " said Cees Vermaas, Executive Vice President, Head of European Cash MMarkets.