BNP Paribas Securities Services has appointed Iain Martin as Head of New Zealand with effect from 1 October 2022. Iain is based in Wellington and reports to David Banks, the acting Head of Securities Services Australia and New Zealand.
In this role, Iain will lead BNP Paribas Securities Services’ fast-growing business in New Zealand where it is the local market leader, serving a majority of the large KiwiSaver asset managers in the country. BNP Paribas Securities Services is the only global custodian with a comprehensive on-shore presence in Wellington and Auckland and the first to offer NZX stock market clearing services, which came as a result of winning six new sub-custody clients in the region in the past 24 months.
Since joining BNP Paribas Securities Services in 2003, Iain has held a number strategic senior operational and client service roles and was most recently Head of Relationship Management and Sales for New Zealand.
David Banks, acting Head of BNP Paribas Securities Services Australia and New Zealand, said: “We are pleased to have someone of Iain’s calibre to lead and continue to grow our successful New Zealand business. Iain has a strong reputation and connections in the market and an excellent understanding of our business having worked in operational and client facing roles during his 19 years with BNP Paribas Securities Services. Iain’s appointment demonstrates our commitment to supporting our employees’ career development within the bank.
“New Zealand is a growing market for BNP Paribas Securities Services and we are investing in the expansion of our services to capture these significant opportunities for growth, particularly in the KiwiSaver market and with our work with the New Zealand Exchange.”
Iain replaces Doug Cameron, who will remain until the end of October to coordinate the handover to Iain at which point Doug intends to leave the organisation after more than 20 years of service. Doug has successfully led the New Zealand business over the last eight years, contributing to significant growth of the business. David Banks commented: “We are grateful for Doug’s positive contribution to the organisation where, amongst his achievements, he has developed a great client-centric team and we wish him well for the future.”
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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 Fund Services Australasia Pty Ltd ABN 71 002 655 674 (BPFSA) is an Australian incorporated company which is registered with the New Zealand Companies Office under registration number 1010736. BPFSA is also registered under the Financial Service Providers (Registration and Dispute Resolution) Act 2008. BPFSA is a wholly owned subsidiary of BNP Paribas Securities Services, a French incorporated partnership limited by shares which is authorised and supervised by the ACPR (Autorité de Contrôle Prudentiel et de Résolution) and the AMF (Autorité des Marchés Financiers).
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