News in brief: Facon to join BNP Paribas' FIG team.

Financial News, April, 2004

BNP Paribas has hired Francois Facon as head of its corporate finance business for the financial institutions group in North and Latin America, overseeing cross-border M&A deals for Latin American, European and US clients in banking, insurance and asset management.He will report to Jean-Michel Doublet, head of corporate finance in the Americas. Facon was an independent consultant for two years and worked at JP Morgan as managing director in its financial institutions group for 10 years to 2002.

Lehman defends shoe company

Lehman Brothers is advising Maxwell Shoe Company, a US manufacturer that is fending off a hostile bid from rival Jones Apparel. Maxwell's board deemed the $297m ([euro]241m) bid financially inadequate and said it can create value...

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