BNP Paribas Securities Services has appointed Patrick Colle as head of location for the UK with effect from 31 March 2008.
Colle joined BNP Paribas in 2006 as head of the global clearing, settlement and custody business and is a member of the executive committee.
“I am delighted to announce this new appointment. We have significantly grown our UK franchise with new products and clients. Patrick will be able to build on this to lead the business to a new level,” says Jacques-Philippe Marson, CEO, BNP Paribas Securities Services.
“Our strategy for the UK is sound, namely to consolidate our leadership position with institutional investors and asset managers; to build our franchise with broker dealers and multi-lateral trading facilities and to continue to invest in cost effective services of the highest quality. At the same time, I will seek to increase our client focus and innovation to make us the best possible business partner in our industry,” adds Colle.
Tony Solway, who has successfully repositioned the UK business over the past five years, has now chosen to pursue new challenges outside the bank.