BNP Paribas increases Australian focus
BNP Paribas Securities Services (BNP Paribas) has moved to strengthen its position in the Australian market by expanding the breadth of its banking capabilities via its foreign deposit taking institution status granted last month.
BNP Paribas Securities Services managing director Pierre Jond claimed the company's significant and ongoing investment in Australia underlined its ambition to be part of the superannuation success story.
"We are happy to be able to offer clients a richer suite of banking services to suit," he said.
Jond said that to provide greater on-the-ground product expertise, Nicolas Faust — who managed the project to establish the business as a bank in Australia — would become head of market and financing services products, reporting to Natalie Floate, head of treasury, agency securities lending and foreign exchange for Asia Pacific.
"After the revamp of our fund administration and unit pricing platforms two years ago, and now with the full power of our global custody engine, our ability to process and report on mass data has never been better. Complementing this with a broad suite of banking products makes our proposition all the more compelling," he said.
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