BNP Paribas securities services names new US head of market and financing services
Executive has almost three decades worth of experience across BNY Mellon and Deutsche Bank
Executive has almost three decades worth of experience across BNY Mellon and Deutsche Bank
BNP Paribas securities services will be supporting Phillip Capital Management, in collaboration with China Universal Asset Management (CUAM), which has just launched the ETF.
The deal expands the existing partnership between the two organisations, which already included settlement services on selected institutional clients’ portfolios.
The Mexico City-based CSD has selected BNP Paribas’ securities services unit as its custodian to cover the US market.
This is the latest in a string of appointments at BNP Paribas, which has seen significant additions to its Paris and US-based operations.
Quarterly increase follows year-on-year upticks of 5.5%, 16% and 9.9% over the previous three quarters.
The Italian mandate will see BNP Paribas provide securities settlement and custody services.
New hire who had spent 23 years with State Street will seek to grow the bank’s securities services business in the region.
Former State Street and BNY Mellon exec will lead the product development and strategy for segments in North and Latin America.
New addition to lead the bank’s fund administration asset servicing business for the region.