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France : BNP Paribas Securities Services reinforces agency lending team.

BNP Paribas Securities Services, a leading global custodian with over $10 trillion in assets under custody, announced a number of senior appointments to its agency lending team

Adnan Hussain is appointed Global Head of Agency Lending and Head of Market and Financing Services (MFS) in the UK. Hussain has over 15 years experience in the development, execution and management of product strategy and sales campaigns. He joins BNP Paribas from RBC Investor and Treasury Services where he was Global Head of Client Management, Securities Finance. In his new role, Hussain will lead the development of BNP Paribas agency lending business with a particular focus on the banks offering to asset owners and asset managers.

Simone Broadfield is appointed Head of Agency Lending for Asia Pacific. Broadfield joins BNP Paribas from Citi where she was most recently Head of the Hong Kong Trading Desk for the banks agency securities lending programme. In this newly-created role, Broadfield will focus on developing new business opportunities and increasing BNP Paribas agency lending franchise in the Asia Pacific region.

John Arnesen is appointed Head of Agency Lending, Technical Sales, focusing on Europe, Middle East, Africa and the Americas. Arnesen will focus on developing new business opportunities and client onboarding. Arnesen has been with BNP Paribas for seven years, contributing to the rapid growth of the agency business both in terms of revenue generation and growth in lendable assets.

Yann Rault, previously Head of MFS UK, continues in his role as Global Head of Passive Currency Overlay, with responsibility for growing the PCO product range and targeting a broader range of Securities Services clients.

Eric Deudon, Global Head of Market and Financing Services at BNP Paribas Securities Services, said: These senior appointments will help us deliver on our strategy to accelerate the development of our agency lending business. As one of the worlds leading custodians with a large lendable asset base on which to draw, we want to make these high added-value services available to a greater proportion of our client base, including central banks, asset managers and asset owners.

All appointments are effective from November 2017.

BNP Paribas Securities Services has been providing securities financing services covering a wide range of asset classes for more than 20 years. In 2017, the bank was named Global Securities Lending Provider of the Year by Central Bank Magazine.

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Publication:Mena Report
Date:Nov 28, 2017
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