BNP Paribas Securities Services has made two changes to its senior Continental European leadership, in response to the French bank appointing a new head of its US investment banking business.
Alessandro Gioffreda, currently regional head of Continental Europe for securities services, will be appointed head of territory management, covering all securities services regions.
Meanwhile, Alvaro Camuñas, currently global head of sales and relationship management for securities services, will become head of client development.
Gioffreda’s new role will include being responsible for the custodian’s regional structure, and ensuring market and client proximity. Camuñas’s new role includes responsibility for sales, relationship management and client services.
They will begin their new roles from 1 April, and continue to report to Patrick Colle, general manager of BNP Paribas Securities Services.
The restructure follows the appointment of Jose Placido as CEO of BNP Paribas’s corporate and institutional banking (CIB) business for the Americas, effective 1 June.
Placido is currently the global head of client development for securities services and global head of financial institutions coverage.