French custodian BNP Paribas Securities Services has appointed Sam Shi as sales director, Greater China, for asset owners and asset managers.
In his new regional role based in Hong Kong, Shi will be responsible for business development in China, Hong Kong and Taiwan.
Shi's most recent position was as sales and relationship manager at investment bank Brown Brothers Harriman in Boston and Hong Kong, where he worked for seven years.
“Being a mainland Chinese by origin, educated in both China and the US and having working in the mainland and Hong Kong, Sam brings the cultural fit and skills that will enable us to capture the rapidly growing Greater China flows while assisting the local sales efforts in these countries,” said Elizabeth Chia, Asia head of business development for asset owners, asset managers and alternatives, BNP Paribas.
BNP Paribas Securities Services has been growing its presence in Asia. The company started providing offshore renminbi (RMB) clearing services in Hong Kong last year, and has been appointed to service several RMB denominated funds that are currently in the launching process.
The firm also opened its Indian clearing and custody service for cash equities and corporate debt instruments in April 2011.
BNP Paribas Securities Services provides post-trade administration solutions to buy-side and sell-side financial institutions and issuers.