BNP Paribas Securities Services has appointed Claudine Gallagher as regional manager North America. Gallagher previously was the managing director in charge of J.P. Morgans American Depository Receipts business.
Gallaghers appointment is part of BNP Paribas Securities Services strategy to grow its business in North America. The bank plans to roll out global and local custody services in the U.S. later this year.
Gallagher will also lead efforts build BNP Paribas correspondent clearing service for broker dealers. She will join BNP Paribas Securities Services executive committee and report to Charley Cock, head of client development at the division.
Were delighted that Claudine has returned to BNP Paribas, says Cock. Gallagher worked at the firm from 1995-2001. She has unparalleled global experience in securities services and based on her leadership and talent, she is the right person to take our U.S. strategy to the next step.
Last year, BNP Paribas Securities Services launched local custody and clearing in both Brazil and India, appointed a new country head in Japan and secured a full banking license in Australia. It is all part of the firms plan to expand its securities services business around the world.
We help facilitate clients’ cross-border reach with on-the-ground expertise in every major market across the globe, says Patrick Colle, CEO of BNP Paribas Securities Services. So we have for example UCITS experts on the ground in the U.S., meaning that our U.S. clients will benefit from our European expertise.
GCTV previously featured Gallagher last year discussing the depositary receipt industry.
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