BNP Paribas has appointed Stanley Song as Co-Head of BNP Paribas Securities Services in China with immediate effect as it continues to expand and develop in one of the bank’s key strategic markets in Asia. Stanley is based in Shanghai and reports to CG Lai, Chief Executive Officer of BNP Paribas China Limited and Franck Dubois, Head of Asia Pacific for BNP Paribas Securities Services. He joins Philippe Kerdoncuff, who has been steering BNP Paribas Securities Services since 2016, in the Co-Head role.
In this role, Stanley is responsible for strengthening and expanding the bank’s asset servicing capabilities in China; which has seen remarkable growth in recent times. He is also charged with accelerating the growth of the firm’s China Access programme – which supports international investments into and from China using the different investment routes.
Prior to joining BNP Paribas Securities Services, Stanley was head of Securities Services for Deutsche Bank China. He previously held senior client management and fund services roles at HSBC, State Street and Standard Chartered in China.
CG Lai, Chief Executive Officer of BNP Paribas China Limited, said: “We are delighted to welcome Stanley to BNP Paribas, who brings a wealth of asset servicing and an excellent knowledge of different client types of custodial servicing needs. Stanley’s appointment is very timely as BNP Paribas continues to deepen its comprehensive onshore expertise to help more investors navigate China’s domestic financial market.”
Franck Dubois, Head of Asia Pacific at BNP Paribas Securities Services, said: “Stanley’s appointment will further BNP Paribas Securities Services’ growth ambition in China – a key market for BNP Paribas – while we continue to invest in technology and local talent to provide value added global asset servicing experience for our clients. Our globally-connected business solutions – coupled with on-the-ground experts who are knowledgeable in local market nuances – enable us to support clients in Asia, Europe, and the Americas investing into China or for Chinese institutions to invest internationally.”
Stanley holds a Bachelor Degree in Business Administration from the prestigious East China Normal University in Shanghai.
BNP Paribas was granted in 2021 a Qualified Foreign Institutional Investor (QFII) custodian and settlement licence enabling it to directly support foreign institutional investors across the full scope of schemes allowing access to China’s equities and bond markets, in addition to providing a full range of foreign exchange services. The bank also holds a bond settlement agent licence for the China Interbank Bond Market (CIBM), a Type-A Corporate Bond Lead Underwriting Licence and a Panda Corporate Bond Lead Underwriting Licence Type B.
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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 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. 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.