BNP Paribas Securities Services has appointed Frédéric Pascal as head of markets and financing services (MFS). He will be responsible for MFS products and services, including securities lending, FX, triparty collateral management, and financing. He joined the bank in 1999 and is based in Paris. He replaces Eric Deudon, who is leaving the bank.
Category: BNPP
BP2S upgrades FX services in APAC
An automated FX solution implemented by BNP Paribas Securities Services for Northcape Capital, an Australian fund manager, provides a new way for asset managers to manage FX transactions involving multiple financial services providers. BP2S was appointed by Northcape Capital to manage the FX execution of a range of developed market currencies across its portfolio of…
HSBC hires Matt Bowen to head Americas securities financing
HSBC has hired Matt Bowen as head of securities financing, Americas. He is based in New York and reports to Loic Lebrun, global head of prime finance, and Jean-Michel Meyer, global head of repo. He joins from BNP Paribas where he was head of US prime finance platforms. HSBC’s securities financing business includes prime finance,…
BP2S signs EUR16bn deal with Van Lanschot Kempen
BNP Paribas Securities Services has signed a strategic partnership with Van Lanschot Kempen (VLK) which includes two new mandates covering EUR16bn in assets (USD18.5bn). VLK is a Netherlands-based specialist independent wealth manager. As part of this partnership, BP2S will provide Kempen Capital Management, the asset management arm of VLK, with global custody, depositary bank, fund…
Nationwide adds to BP2S mandates
Nationwide, the world’s largest building society, has appointed BNP Paribas Securities Services to provide triparty collateral management and global custody services for its non-UK assets. The selection of BP2S’s triparty collateral management services helps Nationwide meet its obligations under Wave 5 of the initial margin rules. These require financial institutions to post collateral to back…
BP2S upgrades triparty collateral management service
BNP Paribas Securities Services has upgraded its triparty collateral management service to support synthetic securitisation and collateralised note structures, bringing greater operational efficiency and protection to those structures. The service will enable the proceeds of notes issuance to be transformed through securities finance transactions – or a cash loan secured with securities – efficiently and…
AssetMetrix opens in Lux
AssetMetrix, the Germany-based fintech in which BNP Paribas has a strategic stake, has opened an office in Luxembourg. Alexander Wedlich has joined AssetMetrix as head of business development for Luxembourg, Belgium and France. Wedlich has worked at Credit Suisse, RBC, CACEIS, Clearstream Banking and BNY Mellon.
State Street expands relationship with ANIMA
State Street has entered into an agreement with ANIMA SGR, the independent Italian asset manager with EUR198bn (USD232bn) AuM, to provide front office IT platform solutions and back-office administration services for certain ANIMA institutional and retail managed accounts (s.c. gestioni patrimoniali). Services provided by State Street in Italy cover approximately EUR24bn (USD28bn) AuM for retail…
BNP Paribas granted QFI licence in China
BNP Paribas has been granted a licence to provide custody services for China’s Qualified Foreign Investor (QFI) scheme. BNP Paribas can now directly support foreign institutional investors across the full scope of schemes, allowing access to China’s equities and bond markets, in addition to providing FX services. BNP Paribas China Limited was one of the…
BP2S makes two senior offshore sales appointments
BNP Paribas Securities Services has made two business development appointments for its offshore business. Linda Lamri is appointed head of sales for Luxembourg. She joined BNP Paribas Securities Services in 2003 and was most recently head of relationship management for Luxembourg. She will report to Robert Van Kerkhoff, head of Luxembourg and Ireland. Joy Kiely…