Further to the opening of BNP Paribas Securities Services’ (‘BNP Paribas’) new office in the Isle of Man on 11th June 2008, the Bank is pleased to announce the opening of its new premises in Guernsey. The new offices were officially inaugurated on 23rd June by Deputy Charles Parkinson, minister for Treasury & Resources and by Jacques-Philippe Marson, CEO of BNP Paribas Securities Services, and the launch event gathered more than 150 invitees from the market place.
The move, just a year on from the Bank’s acquisition of RBS International’s securities services (‘RBSI’) business, brings together the Guernsey teams in dedicated BNP Paribas offices. The Bank’s operations in Guernsey offer a comprehensive range of services to a variety of mainstream, vanilla and alternative funds, including fund administration, corporate trust, settlement, custody, banking and treasury services.
“We are delighted to announce the official opening of our new Guernsey offices, just 10 days after the official opening of our new offices in the Isle of Man,” says Severine Mangin, CEO of UK offshore markets, BNP Paribas. “The state-of-the-art IT infrastructure within the new offices will allow a smooth transition to the BNP Paribas systems later in the year providing our clients with an efficient, reliable and secure service. The UK Offshore Jurisdictions are an integral component to the BNP Paribas offering, and as such we are making a commitment to both our staff and our clients within the region.”
“Importantly, being present in Guernsey will allow us to focus on the growing sector of alternative funds, especially hedge funds and private equity funds, which are key areas for the Island and for our business. Managers of hedge fund, funds of hedge funds, private equity, as well as their investors, need to respond to a rapidly changing environment, while maintaining transparency and control over their assets. At BNP Paribas, we offer integrated solutions to meet the complete range of their alternative fund requirements,” says Jacques-Philippe Marson, CEO, BNP Paribas Securities Services.