BNP Paribas Securities Services Makes Collateral Services Appointment in North America

BNP Paribas Securities Services Makes Collateral Services Appointment in North 
NEW YORK, NY and LONDON, UNITED KINGDOM -- (Marketwired) -- 01/14/14
--  BNP Paribas Securities Services, a global custodian with nearly
USD8 trillion in assets under custody, today announced the
appointment of Alexandra Ricciardi in New York as head of product
development for collateral services, North America.  
This newly created position extends BNP Paribas' established European
collateral franchise to North America, enabling USA and Canadian
based clients to access the bank's services locally. They will
benefit from BNP Paribas' experience with its successful franchise in
Europe, where its long standing collateral service was enhanced with
the launch of the 'Collateral Access' suite of products in June 2013.
The bank's clients in Europe and the Asia Pacific will also be able
to access the service in North America once the launch is complete. 
Mrs. Ricciardi has been hired to oversee the expansion locally in the
USA and adapt the product to the nuances of the American market. The
launch, expected in Q2 of this year, represents another step in BNP
Paribas Securities Services' investment in its USA location, in order
to provide a complete suite of services for its clients globally,
including the launch of global custody also expected later this year. 
Mrs. Ricciardi has nearly 15 years' experience working in financial
services including sales and relationship management for collateral
management, most recently at JP Morgan. 
Commenting on the appointment, Claudine Gallagher, head of North
America, BNP Paribas Securities Services, said, "BNP Paribas has a
very strong collateral management offering in Europe, where we are
known for our focus on client service and asset safety. Launching
this service in the US is an exciting part of our ongoing expansion
here, and we are very pleased to bring Alexandra on board; her
expertise and energy will help us bring the best product offering to
our clients." 
Helene Virello, Head of collateral management at BNP Paribas
Securities Services, added: "We have seen increasing demand from
clients to support them with a solution through the entire
transaction process -- from trade capture to reporting, including
liquidity solutions. Collateral Access allows our clients to be fully
compliant with new regulations through limited investments and within
a short timeframe. We work with an open model, interfaced with
multiple counterparties, clearers, custodians and market
infrastructures. It has been carefully designed to address the
challenges facing the industry in the years to come. Collateral
Access comprises a set of modules available on a standalone basis or
together with BNP Paribas Securities Services' existing products."  
About BNP Paribas 
BNP Paribas ( has a presence in nearly 80
countries with 190,000 employees, including 145,000 in Europe. It
ranks highly in its three core activities: Retail Banking, Investment
Solutions and Corporate & Investment Banking. In Europe, the Group
has four domestic markets (Belgium, France, Italy and Luxembourg) and
BNP Paribas Personal Finance is the leader in consumer lending. BNP
Paribas is rolling out its integrated retail banking model across
Mediterranean basin countries, in Turkey, in Eastern Europe and a
large network in the western part of the United States. In its
Corporate & Investment Banking and Investment Solutions activities,
BNP Paribas also enjoys top positions in Europe, a strong presence in
the Americas and solid and fast-growing businesses in Asia-Pacific. 
About BNP Paribas Securities Services 
BNP Paribas Securities Services
(, a
wholly-owned subsidiary of the BNP Paribas Group, is a leading global
custodian and securities services provider backed by the strength of
a universal bank. It provides integrated solutions to all
participants in the investment cycle including the buy-side,
sell-side, corporates and issuers. Covering over 100 markets, with
our own offices in 34 countries, the BNP Paribas network is one of
the most extensive in the industry. We bring together local insight
and a global network to enable clients to maximize their market and
investment opportunities worldwide. Key figures as of 30 September
2013: USD 7,708 billion assets under custody, USD 1,355 billion
assets under administration, 6,979 administered funds and 7,900
The information contained within this document ('information') is
believed to be reliable but BNP Paribas Securities Services does not
warrant its completeness or accuracy. Opinions and estimates
contained herein constitute BNP Paribas Securities Services' judgment
and are subject to change without notice. BNP Paribas Securities
Services and its subsidiaries shall not be liable for any errors,
omissions or opinions contained within this document. This material
is not intended as an offer or solicitation for the purchase or sale
of any financial instrument. For the avoidance of doubt, any
information contained within this document will not form an agreement
between parties. Additional information is available on request. 
BNP Paribas Securities Services is incorporated in France as a
Partnership Limited by Shares and is authorised and supervised by the
ACPR (Autorite de Controle Prudentiel et de Resolution ) and the AMF
(Autorite des Marches Financiers). 
BNP Paribas Securities Services, London branch is authorised by the
ACPR, the AMF and the Prudential Regulation Authority and is subject
to limited regulation by the Financial Conduct Authority and
Prudential Regulation Authority. Details about the extent of our
authorisation and regulation by the Prudential Regulation Authority
and regulation by the Financial Conduct Authority are available from
us on request. BNP Paribas Securities Services, London branch is a
member of the London Stock Exchange. BNP Paribas Trust Corporation UK
Limited (a wholly owned subsidiary of BNP Paribas Securities
Services), incorporated in the UK is authorised and regulated by the
Financial Conduct Authority. 
In the U.S., BNP Paribas Securities Services is a business line of
BNP Paribas which is incorporated in France with limited liability.
Services provided under this business line, including the services
described in this document, if offered in the U.S., are offered
through BNP Paribas, New York Branch, 787 Seventh Avenue, New York,
New York 10019 (which is duly authorized and licensed by the State of
New York Department of Financial Services) or if a securities
product, through BNP Paribas Securities Corp. or BNP Paribas Prime
Broker, Inc., each of which is a broker-dealer registered with the
Securities and Exchange Commission and a member of SIPC and the
Financial Industry Regulatory Authority. 
Press Contacts 
Cesaltine Gregorio
BNP Paribas US Media Relations
+ 1 212 841 3719  
Jonathan Taylor
BNP Paribas Securities Services
+44 207 410 3242 
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