BNP Paribas has hired three people for its US fixed-income business, including Daniel Brereton, a former UBS corporate bond trader, as head of US credit flow trading.

The French bank plans to increase its US fixed-income staff by a further 15% this year, said Bob Hawley, head of fixed income for North America. Barclays Capital and RBS are also beefing up their US fixed-income businesses.