BNP Paribas’ Securities Services business, a leading global custodian with USD 12.6 trillion under custody[1], 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.”
[1] As at 30 September 2023. Source: Securities Services at BNP Paribas
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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.
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