BNP Paribas Securities Services (‘BNP Paribas’), the custody bank with the world’s best credit rating, is pleased to announce the appointment of Julien Cuminet as head of global transfer agency (‘TA’) and retail, reporting to Philippe Ricard.
Julien has 12 years of financial services experience, working both in-house and as an external consultant. He has specialised in credit risk assessment, regulatory and governance issues and managing industrialisation projects. Julien joins BNP Paribas from Orga Consultants, where he was associate director, consulting on investment and retail banking practices.
Julien will be responsible for the coordination of the TA activity across all locations including 700 staff on four continents ensuring best practice across all locations, sharing of information and coordination of local TA activity with products and IT.
Commenting on his appointment, Philippe Ricard, head of Global Fund Services operations at BNP Paribas said: “We are delighted to welcome Julien, whose extensive risk, regulatory and project management experience will be an asset in this role. His breadth of knowledge and expertise will enable him to achieve the Bank’s objective of taking a more global approach to its TA activity, while also limiting risk, achieving economies of scale and maintaining the local specificities and assets.”