Key Hire Demonstrates BNP Paribas Securities Services’ Continued Build Out in the Americas
BNP Paribas, a premier global bank, announces today the appointment of Chris Richmond as Head of the Asset Owner, Asset Manager and Alternatives Client Lines for BNP Paribas Securities Services Americas, the bank’s securities services division.
At BNP Paribas Securities Services, Chris will be responsible for product development and strategy for asset owners, asset managers and alternative investors across North and Latin America. He will report to Dennis Bon, Head of BNP Paribas Securities Services in the Americas, as well as Arnaud Claudon, Global Head of Asset Managers and Owners, and Patrick Hayes, Global Head of Alternative Investors.
Chris has extensive experience servicing traditional and alternative investment managers and asset owners at State Street, Charles River, and BNY Mellon. Prior to this, Chris led multiple fund accounting teams at Fidelity Investments.
Dennis Bon, Head of BNP Paribas Securities Services in the Americas, said: “The Americas institutional investor market is a key area of growth for us and is of strategic importance to serve both our local and global client base. We have been making meaningful investments in this space since the build out of our US custody offering in 2012 and I am thrilled to welcome Chris to our team and continue to grow our business in the Americas.”
Chris Richmond, Head of the Asset Owner, Asset Manager and Alternatives Client Lines in the Americas, said: “I am excited to be leading BNP Paribas Securities Services’ Asset Manager, Asset Owner and Alternatives Client Lines in the Americas at such a key moment. Recent changes throughout the industry are driving asset managers and asset owners to re-shape their operating models and adapt to changing client behaviors. This presents exciting opportunities for us to further enhance our offering.”
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.
The information contained within this document (‘information’) is believed to be reliable but BNP Paribas Securities Services does not warrant its completeness or accuracy. Opinions and estimates contained herein constitute BNP Paribas Securities Services’ judgment and are subject to change without notice. BNP Paribas Securities Services 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 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.