BNP Paribas Securities Services is pleased to announce the opening of its latest location in Beijing, China. BNP Paribas Securities Services will leverage on its wealth of experience and expertise in Europe to offer Chinese institutional investors and sovereign wealth funds its comprehensive range of asset servicing and administrative solutions to enable their global investments across different asset classes. Following strategic new market openings in Singapore, Hong Kong and India over the last two years, the Beijing office is another important step in BNP Paribas Securities Services' strategy to serve clients in Asia both locally and globally.
Jing Zeng has been appointed as Head of BNP Paribas Securities Services China following two years of running the BNP Paribas Securities Service's Asia programme and brings with her a wealth of securities services experience in both China and Europe. She will report to Lawrence Au, the regional head of Asia and her team will be made up of relationship managers and business development professionals.
Patrick Colle, CEO of BNP Paribas Securities Services commented: “This is a very exciting step in our Asian expansion plans. With a 150-year presence in the region, China has always been a strategic location for the BNP Paribas Group. The Bank's strong commitment, long-standing experience and connectivity in China are the launch pad for our success in this market which holds significant investment opportunities for our clients. We remain committed to expanding our geographic presence and broadening our service offering around the world, creating the solutions our clients need to optimise their business opportunities."
About BNP Paribas Securities Services
BNP Paribas Securities Services is a wholly-owned subsidiary of the BNP Paribas Group, delivering flexibility and commitment, backed by the strength of a leading universal bank.
Operating across the investment cycle, we provide post-trade administration solutions to buy-side and sell-side financial institutions and issuers. The Bank has a local presence across 32 countries and global coverage of over 100 markets, offering a one-stop shop for all asset classes, both onshore and offshore, across the globe.
With USD 5793 billion assets under custody, USD 1049 billion assets under administration and over 6,000 funds administered*, BNP Paribas Securities Services is Europe's leading securities services provider and number 5 worldwide.
as at 31 December 2009
About BNP Paribas
BNP Paribas (www.bnpparibas.com) is one of the six strongest banks in the world according to Standard & Poor's* and the largest bank in the eurozone by deposits. With a presence in more than 80 countries and more than 200,000 employees, including 160,000 in Europe, BNP Paribas is a leading European provider of financial services on a worldwide scale. It ranks highly in its three core activities: Retail Banking, Investment Solutions and Corporate & Investment Banking. In Retail Banking, the Group has four domestic markets: Belgium, France, Italy and Luxembourg. BNP Paribas is rolling out its integrated model across the Europe-Mediterranean zone and boasts a large network in the United States. BNP Paribas Personal Finance is the leader in consumer lending in Europe. In its Corporate & Investment Banking and Investment Solutions activities, BNP Paribas also enjoys top positions in Europe and solid and fast-growing businesses in Asia.
*Within its peer group