BNP Paribas has appointed Dodla Rohit Reddy as Head of its Securities Services business in India, effective immediately.
In this role, Rohit will lead the Securities Services teams in India and will be responsible for continuing to develop new business opportunities in this important and fast-growing market for the bank.
BNP Paribas’s Securities Services business provides foreign portfolio investors in India with a range of asset servicing, clearing and settlement services. The bank also acts as local custodian to domestic institutions investing in the country.
Rohit joined BNP Paribas Global Securities Operations in 2008 and has since held a number of senior roles at Securities Services in India and France. Rohit is based in Mumbai and reports to Franck Dubois, Head of Asia Pacific at BNP Paribas Securities Services and to Sanjay Singh, CEO of BNP Paribas India.
Franck Dubois, Head of Asia Pacific at BNP Paribas Securities Services, said: “India is a fast-growing and exciting market for us. We have developed a compelling offering in the country, powered by our strong local market expertise and the strength of our integrated banking model. Rohit’s expertise will help us further develop our offering and continue to build our presence in the country.”
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About BNP Paribas Securities Services (securities.cib.bnpparibas)
BNP Paribas Securities Services, a wholly owned subsidiary of the BNP Paribas Group, is a leading global custodian and securities services provider. Backed by the strength of the BNP Paribas Group, we provide multi-asset post-trade and asset servicing solutions for buy and sell-side market participants, corporates and issuers. With a global reach covering 90+ markets, our network is one of the most extensive in the industry, enabling clients to maximise their investment opportunities worldwide.
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BNP Paribas Securities Services is incorporated in France as a Partnership Limited by Shares and is authorised and supervised by the European Central Bank (ECB), the ACPR (Autorité de Contrôle Prudentiel et de Résolution) and the AMF (Autorité des Marchés Financiers). In anticipation of the intragroup merger of BNP Paribas Securities Services with its parent company BNP Paribas SA, BNP Paribas Securities Services’ banking licence is being withdrawn. The licence remains fully in force until the effective date of the merger, on 1 October 2022.
In the UK, BNP Paribas Securities Services is authorised and regulated by the European Central Bank and the Autorité de Contrôle Prudentiel et de Résolution. Deemed authorised by the Prudential Regulation Authority and with deemed variation of permission. Subject to regulation by the Financial Conduct Authority and limited regulation by the Prudential Regulation Authority. Details of the Temporary Permissions Regime, which allows EEA-based firms to operate in the UK for a limited period while seeking full authorisation, are available on the Financial Conduct Authority’s website. In anticipation of the intragroup merger of BNP Paribas Securities Services with its parent company BNP Paribas SA, BNP Paribas Securities Services has applied to cancel its UK authorisation. BNP Paribas Securities Services London Branch is registered in the UK under number FC023666. UK establishment number: BR006393. UK establishment office address: 10 Harewood Avenue, London NW1 6AA.
In the U.S., BNP Paribas Securities Services is a business line of BNP Paribas which is incorporated in France with limited liability. Services provided under this business line, including the services described in this document, if offered in the U.S., are offered through BNP Paribas acting through its New York Branch (which is duly authorised and licensed by the State of New York Department of Financial Services) or BNP Paribas Financial Services LLC, a limited liability company organised under the laws of the State of Delaware; if a securities product, through BNP Paribas Securities Corp. which is a broker-dealer registered with the Securities and Exchange Commission and a member of SIPC and the Financial Industry Regulatory Authority; or if a futures product through BNP Paribas Securities Corp., a Futures Commission Merchant registered with the Commodities Futures Trading Commission and a member of the National Futures Association.