BNP Paribas Securities Services Hires Head of Sales to Complement the Launch of Issuing and Paying Agent Services in the US NEW YORK, NY -- (Marketwired) -- 04/14/14 -- BNP Paribas Securities Services announces the appointment of Jamie Pratt as Head of Sales Americas for Debt Market Services. The hire follows the launch of the bank's issuing and paying agent services to US money market issuers last year. Pratt joins from Barclays Capital where he was a director in the bank's structured finance department in New York. Prior to this, he was a securitisation banker at Deutsche Bank in London. "I am delighted that Jamie has joined us to lead our debt market services sales. The US money market is a key source of short-term funding for US and non-US issuers. It is a high volume market with short deadlines creating significant operational challenges for issuers," said Claudine Gallagher, regional manager North America at BNP Paribas Securities Services on the launch. "Our strong understanding of the local market infrastructure and its regulatory environment combined with our market-leading technology platform dedicated to money market processing will help our customers increase efficiency and reduce operational risk," she added. BNP Paribas Securities Services is expanding its presence as a full service provider in the US money markets and views recent developments in this space as an opportunity to build on its existing franchise. BNP Paribas Securities Services provides US money market issuers with comprehensive support in their issuance of short term debt, including real time reporting and straight through processing to the Depository Trust & Clearing Corporation (DTCC), as well as the distribution of periodic interest and maturity payments. Debt products administered by BNP Paribas Securities Services in North America include US commercial paper, US medium term notes, US certificates of deposit, asset backed commercial paper and collateralised commercial paper. BNP Paribas Securities Services is a leading global custodian with more than USD 8 trillion in assets under custody and a global custody network covering over 100 markets. It services all participants in the financial services industry, helping them protect their investments, evaluate and report on their portfolios, monitor risk and enhance returns. BNP Paribas Securities Services has over 50 years of experience in providing debt services across the world. About BNP Paribas BNP Paribas has a presence in 75 countries with more than 180,000 employees, including more than 140,000 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 (http://securities.bnpparibas.com), 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 31 December 2013: USD 8,055 billion assets under custody, USD 1,442 billion assets under administration, 7,067 administered funds and 8,225 employees. 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 Cesaltine.email@example.com +1 212 841 3719 Caroline Lumley BNP Paribas Securities Services +44 207 410 4650 Caroline.Lumley@bnpparibas.com Jonathan Taylor BNP Paribas Securities Services +44 207 410 3242 Jonathan.Taylor@bnpparibas.com
BNP Paribas Securities Services Hires Head of Sales to Complement the Launch of Issuing and Paying Agent Services in the US
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