France-based banking group BNP Paribas has undertaken a reorganisation of its subsidiary, BNP Paribas Securities Services, which provides post-trade administration solutions to buy-side and sell-side financial institutions and issuers.
The reshuffle introduces a business-line and regional-orientated organisation intended to
try and better serve the global needs of the company as it seeks to expand its geographic reach.
Four global business lines have been created – asset and fund services, headed by Philip Ricard, clearing and custody services, headed by Alain Pochet, corporate trust services, also headed by Pochet, and market and financing services, headed by Florence Bonnevay. A client development team has also been created to manage business development by client segment and region.
Maria Cantillon will run alternative investment managers, Margaret Harwood-Jones will head up asset managers, Dietmar Roessler is to manage asset owners, Nadia Diego is responsible for banks, Alan Cameron for broker-dealers and investment banks, while corporates and issuers will be headed by Pascal Pommier.
The regional division managers are Lawrence Au in Asia Pacific, Christina Feicht for North America, Alvaro Camunas covering Spain, Portugal and Latin America, James McAleenan managing the UK, the Middle East and South Africa, Jean-Marc Pasquet covering France and Belgium, Gerald Noltsch running Germany, Northern Europe and CEE, Alessandro Gioffreda in Italy, Switzerland and the Mediterranean Basin, and Frederic Perard dealing with Luxembourg, Dublin and other fund domiciles.
The six heads of client segments plus eight regional managers will work together with the business lines to define the strategy and product mix for target clients across multiple markets. All segment heads and regional managers will report to Charles Cock, global head of coverage and client solutions, who reports directly to Patrick Colle, CEO of BNP Paribas Securities Services.