BNP Paribas Securities Services appoints Patrick Colle as head of location for the UK with effect from 31 March 2008. Patrick joined BNP Paribas in 2006 as head of the global clearing, settlement and custody business and is a member of the Executive Committee.
Commenting on this appointment, Jacques-Philippe Marson, CEO of BNP Paribas Securities Services, said: “I am delighted to announce this new appointment. We have significantly grown our UK franchise with new products and clients. Patrick will be able to build on this to lead the business to a new level.”
Patrick Colle added: “Our strategy for the UK is sound, namely to consolidate our leadership position with institutional investors and asset managers; to build our franchise with broker dealers and multi-lateral trading facilities and to continue to invest in cost effective services of the highest quality. At the same time, I will seek to increase our client focus and innovation to make us the best possible business partner in our industry.”
Tony Solway, who has successfully repositioned the UK business over the past five years, has now chosen to pursue new challenges outside the bank.
BNP Paribas Securities Services is one of the leading providers of custody and fund administration in the UK with over 1,200 staff and a list of blue-chip clients from across the financial services industry.
Notes to editors
About BNP Paribas
BNP Paribas (www.bnpparibas.com) is a European leader in global banking and financial services and is one of the 4 strongest banks in the world according to Standard & Poor’s. The group is present in over 85 countries, with almost 163,000 employees, including near 127,000 in Europe. The group holds key positions in three major segments: Corporate and Investment Banking, Asset Management & Services and Retail Banking. Present throughout Europe in all of its business lines, the bank’s two domestic markets in retail banking are France and Italy. BNP Paribas also has a significant presence in the United States and strong positions in Asia and the emerging markets.
About BNP Paribas Securities Services
BNP Paribas Securities Services (www.securities.bnpparibas.com) is part of a AA+ rated universal banking group (S&P). With €3.8 trillion assets under custody; €834 billion assets under administration and over 6000 funds administered. It is number 1 in percentage (75%) of cross border assets under custody. BNP Paribas Securities Services is the leading European provider of securities services and number 5 in the world.
BNP Paribas Securities Services has a unique multi-local model, servicing the entire investment cycle with 5000 employees worldwide, a local presence across 24 countries and global coverage of 92 markets.
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