BNP Paribas bolsters its senior agency lending roster
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BNP Paribas bolsters its senior agency lending roster 24 November 2017London Reporter: Drew Nicol
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BNP Paribas Securities Services has poached RBC’s Adnan Hussain to become its global head of agency lending and head of market and financing services (MFS) in the UK.
Hussain will lead the development of BNP Paribas’ agency lending business with a particular focus on the bank’s offering to asset owners and asset managers.
At RBC Investor and Treasury Services Hussain was global head of client management, securities finance.
Meanwhile, John Arnesen has been appointed head of agency lending, technical sales, focusing on developing new business opportunities and client onboarding in Europe, the Middle East, Africa and the Americas.
Arnesen, who joined BNP Paribas in 2011, was previously head of securities lending agency product.
Simone Broadfield has taken up a newly-created role as head of agency lending for Asia Pacific for BNP Paribas.
Broadfield joins from Citi where she was most recently head of the Hong Kong trading desk for the bank’s agency securities lending programme.
In his role, Broadfield will focus on developing new business opportunities and increasing BNP Paribas’ agency lending franchise in the Asia Pacific region.
Yann Rault, previously BNP Paribas’s head of MFS in the UK, continues in his role as global head of passive currency overlay.
Eric Deudon, global head of market and financing services at BNP Paribas Securities Services, said: “These senior appointments will help us deliver on our strategy to accelerate the development of our agency lending business.”
“As one of the world’s leading custodians with a large lendable asset base on which to draw, we want to make these high added-value services available to a greater proportion of our client base, including central banks, asset managers and asset owners.”
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