BNP Paribas and AXA Investment Managers trading teams unify
BNP Paribas entered into a definitive agreement to acquire AXA Investment Managers in a €5.1 billion deal in August 2024.
BNP Paribas entered into a definitive agreement to acquire AXA Investment Managers in a €5.1 billion deal in August 2024.
Individual previously spent three years at BlackRock in various senior roles, and has also worked at Citi and Capital Group.
The TRADE sits down with Gary O’Brien, head of bank and broker segment strategy, securities services at BNP Paribas, to explore the upcoming shift to T+1 in Europe, how this may impact the industry, and look ahead to how this will align with further developments in the markets.
BNP Paribas, Deutsche Bank, JP Morgan and Morgan Stanley are among the banks taking a 20% ownership stake, in exchange for £170 million in the deal.
BlackRock and BNP Paribas executed the inaugural transaction on the platform; the launch is set to help support the growth of Saudi Arabian capital markets and boost global investor interest.
Individual has worked extensively across FX at firms including Euronext, State Street, Santander and HSBC.
Prime brokers streamline post-trade processes ahead of Europe’s T+1 settlement transition in 2027.
Decision to switch focus to internal servicing marks the second retrenchment from a bank in the outsourced trading space this year.
Individual has also previously worked at NatWest, Rothesay and Barclays.
Other investors include: JP Morgan, Citi, State Street, Morgan Stanley and UBS.