The appointment comes as BNP Paribas prepares to onboard €240 billion of assets for DWS on to its fund administration platform.
Tag: BNP Paribas Securities Services
The hire marks BNP Paribas’ strategy to grow its fund administration business for hedge funds and private capital funds for the region.
Buy-side and sell-side are challenged with implementing real technological solutions as constant innovations continue to flood the market.
The bank has already automated 40 processes through RPA for its securities services business, and is looking to deploy AI in a number of client-facing areas.
BNP Paribas is half-way through a five-year programme focusing on implementing digital initiatives across the group.
BNP Paribas has made a number of senior appointments to its Asia-Pacific securities services team in recent months.
The French bank has made a number of senior recruitments with a focus on sales for UK and Middle East-based asset and alternative investment managers.
Setting up OFCs is said to save time and cost for managers establishing funds at other domiciles and distributing funds in Hong Kong.
BNP Paribas Securities Services has made four senior appointments to the sales team covering asset manager and alternative investment clients.
The French bank has identified hedge funds as a key growth target over the past year, being one of a small group of remaining bank-owned hedge fund administrators.