BNP Paribas US sec lending head departs

BNP Paribas Securities Services’ head of securities lending for North America, Lance Wargo, has departed after four years in the position.
By Paul Walsh
Lance Wargo has left his role as head of securities lending for North America at BNP Paribas Securities Services.

A BNP Paribas spokesperson confirmed that Wargo left his position after four years but wouldn’t comment on a replacement.

Wargo joined BNP Paribas in 2013 following a spell at E*Trade Financial.

Prior to this he was a senior vice president at ClearLend Securities, a division of Wells Fargo, for 13 years.

Wargo’s departure follows Claudine Gallagher’s appointment in February as head of BNP Paribas’ operations in the entire Americas region.

Other changes in February include Andrea Cattáneo and Claudia Calderón, the country heads of Brazil and Colombia respectively, joining the regional executive board, reporting directly to Gallagher.