Chicago-headquartered custodian see's top US asset servicing exec leave after spending three years driving its front-to-back-office solutions for buy-side clients.
Hire follows deal between Nordea and Citi to recommend the Nordic bank’s existing sub-custody clients to appoint the US bank as their replacement provider after exiting the space.
Former senior executive vice president at BNY Mellon has been promoted to the role after serving at the bank since July 2018.
New addition brings over 17 years’ experience in the finance industry and will be responsible for accelerating growth and increasing client engagement in the market.
Sales teams across prime finance and the futures, clearing and FX prime brokerage will be merged alongside the new appointment.
The hire takes the total number of former Deutsche Bank securities lending staff to join the Japanese asset servicer to around 20.
BNP Paribas names new global head of prime services as it looks to finalise transition of Deutsche Bank’s prime brokerage and electronic equities clients.
New head brings over 20 years’ experience, previously working at Deutsche Bank, BNY Mellon and Standard Chartered.
New unit highlights the growing focus on data offerings for asset manager and asset owner clients as JP Morgan makes a statement move.
Long-serving BNP Paribas executive in the US departs for hedge fund after 30 years with the organisation.