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.