BNP Paribas’ Securities Services business, a leading global custodian with USD 12.6 trillion under custody, has announced three new hires to its agency lending business in the US, including the appointment of John Fox as Head of US Agency Lending, to support the growth of its client base in the region.
John Fox, joining as Head of US Agency Lending, will drive Securities Services’ agency lending programme in the US, helping clients implement the appropriate strategies for their lending needs. He brings over 25 years’ experience in the financial and securities lending markets, being most recently Head of Client Management and Sales – North America for BNY Mellon, and prior to this Head of US Client Services – for Deutsche Bank.
The unit is also strengthened by the hiring of two traders, Alex King and Vincent Modica. In their role, the two will play an integral part of Securities Services’ agency lending regional strategy, notably by lending equities and fixed income for agency lending funds, assisting in relationship management for brokers and counterparties, and identifying product or business development opportunities.
Based in New York, Alex and Vincent report to John, who in turn reports to Andrew Geggus, Global Head of Agency Lending and locally to Laurent de Lattre, Head of Market and Financing Services Americas, Securities Services at BNP Paribas.
Andrew Geggus, Global Head of Agency Lending, Securities Services, BNP Paribas, said: ”We are delighted to reinforce our Agency Lending business in the US and I am very pleased John is joining us, as he brings fantastic experience with a best-in-class client service mentality.
“Alex and Vinny are also great additions, bringing fresh ideas to the trading team, while helping to develop the trading relationships we have in the US. Our agency lending programme is experiencing strong momentum, and between them, John, Alex and Vinny all bring a range of knowledge and skills that will further bolster our ability to support clients in the Americas.”
About Securities Services at BNP Paribas
BNP Paribas’s 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.
The information contained within this document (‘information’) is believed to be reliable but BNP Paribas does not warrant its completeness or accuracy. Opinions and estimates contained herein constitute BNP Paribas’ judgment and are subject to change without notice. BNP Paribas and its subsidiaries shall not be liable for any errors, omissions or opinions contained within this document. This material is not intended as an offer or solicitation for the purchase or sale of any financial instrument. For the avoidance of doubt, any information contained within this document will not form an agreement between parties. Additional information is available on request.
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.
BNP Paribas is authorised and regulated by the European Central Bank (ECB) and the Autorité de Contrôle Prudentiel et de Résolution (ACPR). BNP Paribas is authorised by the Prudential Regulation Authority (PRA) and is subject to regulation by the Financial Conduct Authority (FCA) and limited regulation by the Prudential Regulation Authority (PRA). Details about the extent of our regulation by the Prudential Regulation Authority (PRA) are available from us on request. BNP Paribas London Branch is registered in the UK under number FC13447. UK establishment number: BR000170. UK establishment office address: 10 Harewood Avenue, London NW1 6AA.
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).
In accordance with the General Data Protection Regulation (GDPR), European Regulation no. 2016-679, depending on the nature of the processing of the personal data concerned, you have a right of access, rectification and erasure of your personal data together with the right to restrict or object to the processing of such data. For more information on the General Data Protection Regulation (GDPR), details regarding processing purposes, and data retention principles, as well as your rights in relation to the processing of your personal data by BNP Paribas SA, in the context of Securities Services activities, please refer to our data protection notice: https://cib.bnpparibas/data-protection-notice/.