BNP Paribas awarded European and Asia Pacific Custodian of the Year, sweeping five key industry awards
We are honoured to announce that BNP Paribas’ Securities Services business has been named European Custodian of the Year at the Funds Europe Awards 2024.
About Securities Services in Switzerland
We are one of the largest post-trade service providers with more than 25% of the market share of the SIX Swiss Exchange. As a leading provider for clearing, settlement and custody services, Securities Services is one of the top 3 clearing members of SIX X-clear and the largest global clearing member in Switzerland and a member of the Post trade Council at SIX Group.
BNP PARIBAS, Paris, Zurich Branch is a major provider of Global Custody services in Switzerland and since 2013 offers depositary bank services for Swiss collective investment schemes , ranging from single-investor funds to fund of hedge funds and act as paying agent.
As a client of BNP PARIBAS, Paris, Zurich Branch you benefit from our dedicated team of experienced specialists with a deep knowledge of the local market.
In Switzerland, with its branch in Zurich, BNP Paribas, acts as Swiss representative and paying agent for more than two decades. We deliver a wide range of professional banking services and are the largest foreign collective investment scheme representative in Switzerland.
As a Swiss bank we are in the position to provide our clients local paying agent services and combine the two services within one single contract. We have an excellent co-operation with the FINMA and with Swiss specialized law firms selected and appointed by our clients. This has enabled us to develop and maintain a strong and independent network in the Swiss fund market. Click here for more information.
Securities Services is a multi-asset servicing specialist committed to helping our clients achieve their ambitions both in terms of investments and cross-border distribution.
With us, you have a partner who cares about your challenges and understands the intricacies of the securities services sector.
We are a wholly-owned subsidiary of the BNP Paribas Group and one of the highest-rated asset servicing banks in the industry. With us, clients’ assets are safe and their risks are mitigated. Our values drive BNP Paribas forward and are a cornerstone of our business. We rely on our strengths that include: stability, responsibility, expertise and being a good place to work. We listen, we respond and we look forward to working with you.
Deposit insurance protects the credit balances of private and corporate clients in the event of a bank or securities firm’s bankruptcy. This guarantee is regulated by law.
The protection is limited to a maximum of CHF 100 000 per client and institution. Multiple accounts are added together.
Esisuisse guarantees that it will cover protected deposits as part of the self-regulation of Swiss banks and securities firms.
Deposits at BNP PARIBAS, Paris, Zurich Branch are covered by the deposit insurance scheme.
Detailed information at www.esisuisse.ch
Local management team
Garrick Smith
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Garrick is the General Manager of BNP PARIBAS, Paris, Zurich Branch and has been managing the Zurich branch since its creation in 2001. He is also member of the Executive Board.
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A Swiss-US dual citizen, Garrick has over 25 years of experience in the securities services industry. Prior to his current role, he held positions as Swiss Securities Country Manager with Citibank and as Senior Relationship Manager with UBS both in Zurich.
Garrick is responsible for the management and development of the overall business which has become one of the Swiss market’s leading providers of securities services. Garrick Smith holds a bachelor’s degree from the University of Wisconsin in the United States of America in International Economic Relations in addition to a bachelor’s degree in History.
Marco Citrini
Present
Marco is Deputy Location Manager and the Head of Financial Intermediaries and Corporates Client lines as well as being a member of the Executive Board since 2009.
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A Swiss citizen, Marco has over 22 years of professional experience in the Securities Services industry. He started his career in 1996 at Bank Leu, followed by ABN Amro Bank Switzerland where he held the role as Deputy Head of Securities Operations.
Marco joined BNP Paribas Securities Services in 2001. He is currently responsible for the management and development of the local clearing and custody business in Switzerland.
Prior to his current role he was Deputy Head of Sales and Relationship Management and Head of Product Management. Marco Citrini holds a degree in Economics as Eidg. dipl. Betriebswirftschafter HF.
Marc Zenklusen
Present
Marc Zenklusen joined BNP PARIBAS, Paris, Zurich Branch as Operational Risk Manager after the integration of Lavoro Bank in 2007.
In 2010 Marc became Head of Risk & Permanent Control. Since 2017 Marc holds the position of Chief Administrative Officer, responsible for Finance and Risk Management in addition to being a member of the Executive Board.
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Marc, Swiss citizen, has more than 15 years of experience in the securities services industry. He started his career at Swiss Bank Corporation in 1994. Marc Zenklusen holds a Bachelor Degree in Business Administration from University of Applied Sciences for Business and Administration Zurich (HWZ), a Certificate of Advanced Studies in Risk Management from ZHAW, a Certificate of Advanced Studies in Investments and Derivatives from University of Zurich and a Certificate of Advanced Studies in Compliance Management from University of St. Gallen.