BNP Paribas’s Securities Services business has appointed Philippe Kerdoncuff as Head of Asset Owners and Asset Managers Client Lines, Australia and New Zealand with immediate effect. In this newly created role to support ambitious growth plans for Australia and New Zealand, Philippe will be responsible for the development and management of our products and solutions to meet the changing requirements of local asset owners and asset managers.
Philippe joined BNP Paribas in 2001, and was most recently Head of China where he oversaw the fast development of the bank’s Securities Services business over the last six years. Prior to being based in Shanghai, he had international assignments within Securities Services and Asset Management in Europe and the USA.
With international strategic experience, Philippe brings strong credentials to support the bank’s ambitious strategic plans for clients in Australia and New Zealand.
Before this, Philippe held various global positions at the Bank’s headquarters in Paris, including Head of Global Custody Product Management, Head of New Markets Development and Relationship Manager for the AXA Group.
Philippe is based in Sydney and reports to Daniel Cheever, Head of Australia and New Zealand and Philippe Tassin, Asia Pacific Regional Head of Asset Owners and Asset Managers Client Lines, Securities Services.
Daniel Cheever, Head of Australia and New Zealand, Securities Services, at BNP Paribas, said: “Philippe’s global experience across multiple client segments as well as his in-depth knowledge of securities services will be invaluable to his new role where he will continue to grow our successful business across Australia and New Zealand.”
About Securities Services at BNP Paribas (securities.cib.bnpparibas)
BNP Paribas’ Securities Services business is a leading global custodian providing multi-asset post-trade and asset servicing solutions to buy-side and sell-side market participants, corporates and issuers. With a global reach covering 90+ markets, its custody network is one of the most extensive in the industry, enabling clients to maximise their investment opportunities worldwide. As a pillar of BNP Paribas’ diversified banking model, Securities Services provides asset servicing solutions that are closely integrated with the first-class services of the Group’s other business lines, in particular those of Global Banking and Global Markets. As of 30 September 2022, Securities Services had USD 11.01 trillion in assets under custody, USD 2.31 trillion in assets under administration and 9,302 funds administered.
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BNP Paribas is a credit institution that is authorised to perform banking activities and investment services under the law applicable in France and is subject to prudential supervision on a consolidated basis by the European Central Bank (ECB), in cooperation with the Autorité de Contrôle Prudentiel et de Résolution (ACPR). As a public listed company and as an investment service provider, BNP Paribas is also in France under the supervision of the Autorité des Marchés Financiers (AMF). Its registered office address is 16 boulevard des Italiens, 75009 Paris, France, and its website is https://group.bnpparibas.
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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 (SEC) and a member of the Securities Investor Protection Corporation (SIPC) and the Financial Industry Regulatory Authority (FINRA); or if a futures product through BNP Paribas Securities Corp., a Futures Commission Merchant registered with the Commodities Futures Trading Commission (CFTC) and a member of the National Futures Association (NFA).
Services described in this document, if offered in Australia, are offered through BNP Paribas acting through its Australia Branch ABN 23 000 000 117 (“BNP Paribas”) and/or BNP Paribas Fund Services Australasia Pty Ltd ABN 71 002 655 674 (“BPFSA”). BNP Paribas is licensed in Australia as a foreign authorised deposit-taking institution by the Australian Prudential Regulation Authority and delivers financial services to clients under its Australian Securities & Investments Commission Australian Financial Services License (AFSL), No. 238043. BPFSA is an Australian-incorporated company which is a wholly owned subsidiary of BNP Paribas and delivers financial services to clients under its AFSL No. 241080. The Information is directed at wholesale clients only and is not intended for retail clients (as both terms are defined by the Corporations Act 2001, sections 761G and 761GA).
Services described in this document, if offered in Hong Kong, are offered through BNP Paribas acting through its Hong Kong Branch, which is registered as a Licensed Bank under the Banking Ordinance and regulated by the Hong Kong Monetary Authority. It is also a Registered Institution regulated by the Securities and Futures Commission for the conduct of Regulated Activity Types 1, 4, 6 and 9 under the Securities and Futures Ordinance. Furthermore, where the content relates to regulated products/ activities, the Information is directed at “professional investors” as defined in the Securities and Futures Ordinance.
Services described in this document, if offered in Singapore, are offered through BNP Paribas acting through its Singapore Branch, which is licensed by the Monetary Authority of Singapore under the Banking Act 1970 as a qualifying full bank. It is also a clearing member and depository agent of The Central Depository (Pte) Limited (CDP), a trading member of Singapore Exchange Derivatives Trading Limited (SGX-DT), and a clearing member of Singapore Exchange Derivatives Clearing Limited (SGX-DC).
Services described in this document, if offered in New Zealand, are offered through BNP Paribas (“BNPP”) acting through its New Zealand Branch, New Zealand Companies Office (NZCO) registration number 8461981 and/or BNP Paribas Fund Services Australasia Pty Ltd (“BPFSA”) acting through its New Zealand Branch, NZCO registration number 1010736. BPFSA is an Australian-incorporated company which is a wholly owned subsidiary of BNPP. BPFSA is registered under the Financial Service Providers (Registration and Dispute Resolution) Act 2008. Neither BNPP nor BPFSA is licensed by a New Zealand regulator to provide financial services and BNPP’s and BPFSA’s registration on the New Zealand register of financial service providers does not mean that BNPP or BPFSA is subject to active regulation or oversight by a New Zealand regulator. NO BNP PARIBAS ENTITY IS A REGISTERED BANK IN NEW ZEALAND. The Information is intended for wholesale clients only, as such term is defined in the Financial Markets Conduct Act 2013.
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