BNP Paribas Securities Services has confirmed that Deutsche Bank’s former head of European securities services, Graham Ray, will assume a newly-created position within the company.
Ray, who left Deutsche Bank in June will take on the role of global head of sales and relationship management for financial intermediaries.
BNP Paribas said Ray will be responsible for driving new sales and strategic opportunities with financial intermediaries, and for deepening relationships with new and existing clients.
Ray will report globally to Alvaro Camuñas, and locally to Patrick Hayes, regional head of UK, Middle East & South Africa.
Global Custodian reported at the end of June that BNP Paribas had snapped up Ray, who had spent over a decade within securities services at the German bank. His departure from Deutsche Bank was a shock, given that he had been promoted to the role of head of European securities services just a month prior.
“We’re delighted to have Graham on board,” said Alvaro Camuñas, global head of sales and relationship management. “His outstanding track record in our industry, product knowledge and client expertise position us well for future growth. He joins at an important time for our business, which is growing rapidly around the world.”
Before joining Deutsche Bank Ray worked at Northern Trust for almost two years as a senior manager responsible for securities and alternative investment settlement operations.
Ray has also held positions at Cantor Fitzgerald and Bank of America.