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Major reshuffle for BNP Paribas’ global agency lending team

Appointments from RBC and Citi headline reshuffle of BNP Paribas’ agency lending team.

By Jonathan Watkins editors@globalcustodian.com November 24, 2017 12:09 PM GMT

BNP Paribas Securities Services has revamped its agency lending team with two appointments and a reshuffle of existing business heads.

The French custodian has snapped up Adnan Hussain from RBC Investor and Treasury Services, as its new global head of agency lending and head of market and financing services (MFS) in the UK.

Simone Broadfield also been named as head of agency lending for Asia Pacific. Broadfield joins from Citi where she was most recently head of the Hong Kong trading desk for the bank’s agency securities lending programme.

“These senior appointments will help us deliver on our strategy to accelerate the development of our agency lending business,” said Eric Deudon, global head of market and financing services at BNP Paribas Securities Services.

“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.” 

Elsewhere in the reshuffle, John Arnesen has been moved to head of agency lending, technical sales after seven years with the bank. 

He will focus on Europe, Middle East, Africa and the Americas.

BNP Paribas has confirmed that Yann Raultpreviously head of MFS UK, will continue as global head of passive currency overlay, with responsibility for growing the PCO product range and targeting a broader range of securities services clients. 

All appointments are effective from November 2017.