Upon completion of the regulatory approvals for a new Singapore office, BNP Paribas will soon have service delivery capability on the ground in all major global time zones and regions.
Asia is a strategic region for expansion, and BNP Paribas says the new activity in Asia will fully leverage the group’s established presence in the region.
Subject to the approval of the regulators, Marcel Weicker will be appointed head of Location for the Singapore office reporting to Jean-Marc Pasquet, head of Asia Pacific. Weicker joins BNP Paribas from RBC Dexia.
“The launch of the Singapore Office is a significant milestone in the continuous growth of BNP Paribas Securities Services,” Pasquet says. “Having a local presence in Asia means we can offer an expanded product range and servicing capability to our global clients with local expertise and knowledge.”
About his proposed new role, Marcel Weicker says, “I am looking forward to developing the securities services business in Singapore, starting with the support of our European clients for their fund administration and custody needs in Asia.”