BNP Paribas revamps
BNP Paribas Securities Services has signaled it will be leveraging its recently granted Australian banking licence by expanding its product offering in Australia.
Announcing the French-based custodian's next move, BNP Paribas Securities Services Australia and New Zealand managing director, Pierre Jond, said the company was changing the way it engaged with superannuation funds and fund managers in Australia.
"Having cemented our strategy by securing an Australian banking licence and expanding our product suite, we want to build on our position as the third-largest custodian in Australia by changing the way we engage clients and the broader market," he said.
Jond said that to increase this engagement the company had created the new role of head of Client Strategy and Communications, which would be filled by the current head of Asset Management and Client Relationships, Peter Baker.
He said Baker would be responsible for strategically developing client and consultant relationships, and ensuring the business was closely following market developments and long-term client requirements.
Jond said relationship management for existing asset owner and asset manager clients would also be streamlined under the new role of head of Relationship Management, which would be filled by the current head of Asset Owner clients, Katharine Seymour.
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