The award-winning European bank continues to grow in partnership with its Asia Pacific clients as the region’s markets experience a rapid transformation.
The French firm sees Lawrence Au step down after nearly six years in the role and take on a transitional post as part of his retirement plan.
Australia has been a cheerleader for the upcoming passporting scheme, but industry players have claimed the country's taxation arrangements represent the biggest hurdle to its successful implementation.
Amid rising cross-border investment from Asian asset managers, BNP Paribas Securities Services argues it can complement managers' existing trading desks through outsourcing.
China managers operating via the RQFII scheme will drive cross-border portability, stirring regulators to sign bilateral agreements, says BNPP.
BNP Paribas maintains that attitudes around third-party clearing are shifting, despite a low uptake by brokerages.
The firm is mulling an Asian convertible bond fund and has picked BNP Paribas to distribute its Ucits funds. Its head of fixed income also considers Greece to be technically in default.
The French firm continues to build its securities services business in Asia with a China office and a listed derivatives clearing licence in Singapore.
Fund managers will seek help from administrators to reduce costs in 2010, as slow fund growth continues, predicts Alastair Murray, HSBCÆs Asia-Pacific head of fund services.
This is the first major step for BNP Paribas Securities Services in Hong Kong to offer new services to clients.
Singapore approves BNP Paribas Securities Services' first regional wholesale banking license.
The demand for the bankÆs fund administration and custody services will initially come from European clients.