SOURCE: BNP Paribas

February 27, 2012 12:27 ET

New Head of North America for BNP Paribas' Securities Services Division

NEW YORK, NY--(Marketwire - Feb 27, 2012) - BNP Paribas today announced that it has appointed Claudine Gallagher as regional manager North America of its securities services division. Ms Gallagher joins the executive committee of BNP Paribas' securities services division and will report to Charley Cock, head of client development for the group.

Ms Gallagher will spearhead BNP Paribas' securities services division's regional expansion, and oversee the roll-out of the bank's global and local custody services in the US later this year. She will also lead efforts to enhance the bank's award winning* correspondent clearing service for broker dealers.

"We're delighted that Claudine has returned to BNP Paribas. She has unparalleled global experience in securities services and based on her leadership and talent, she is the right person to take our US strategy to the next step," said Cock.

Ms Gallagher joins BNP Paribas from J.P.Morgan, where she was most recently a managing director in charge of the US bank's American Depository Receipts business. With more than two decades' experience at J.P.Morgan and BNP Paribas, where she worked from 1995-2001, Ms Gallagher has significant experience in securities services. Her appointment marks a key milestone in BNP Paribas' securities services division's strategy to grow its business in North America, as it aims to support the increasingly global focus of its client base across Europe and Asia.

Elaborating on the division's US expansion plans, Patrick Colle, the securities services division's chief executive officer, pointed out that the global nature of the organization is critical. "We help facilitate clients' cross-border reach with on-the-ground expertise in every major market across the globe," said Mr Colle. "BNP Paribas' security services is very well positioned in the US where we have, for instance, UCITS (Undertakings for Collective Investment in Transferable Securities) experts, and therefore can design a strategy for our US clients to benefit from our European expertise," concluded Mr Colle.

The news follows a busy period of global developments for BNP Paribas' securities services division in 2011, including the launch of local custody and clearing in Brazil and India, the appointment of a new country head in Japan and the fact that it secured a full banking licence in Australia.

*Source: http://www.wallstreetletter.com/wsl_institutional_trading_awards_2012

About BNP Paribas

BNP Paribas (www.bnpparibas.com) has a presence in 80 countries with nearly 200,000 employees, including more than 150,000 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.

About BNP Paribas Securities Services

BNP Paribas Securities Services (http://securities.bnpparibas.com/jahia/Jahia/site/portal), a wholly-owned subsidiary of the BNP Paribas Group, is a leading global custodian and securities services provider backed by a strong universal bank (rated AA- by Standard and Poor's). It provides integrated solutions to all participants in the investment cycle including the buy-side, sell-side, corporates and issuers.

The bank has a local presence in 32 countries across five continents, effecting global coverage of more than 100 markets. It partners with clients to help overcome complexity, while offering a one-stop shop for all asset classes, both onshore and offshore, around the world.

Key figures as of 31 December 2011: USD 5,854 billion of assets under custody, USD 1,073 billion of assets under administration, more than 7,000 administered funds and 7,700 employees.

BNP Paribas Securities Services is a société en commandite par actions (partnership limited by shares) incorporated in France, with limited partners with limited liability and one general partner with unlimited liability, with its registered office at 3, rue d'Antin - 75002 PARIS - Paris Trade Register B552 108 011 RCS.

BNP Paribas Securities Services is authorised and supervised by the Autorité de Contrôle Prudentiel (ACP) and by the Autorité des Marchés Financiers (AMF). BNP Paribas Securities Services London branch is authorised by and subject to limited regulation by the Financial Services Authority for the conduct of its investment business in the United Kingdom; details on the extent of our regulation by the Financial Services Authority are available from us on request. BNP Paribas Securities Services London Branch is also a member of the London Stock Exchange. BNP Paribas Trust Corporation UK Limited and Investment Fund Services Limited are authorised and regulated by the Financial Services Authority.BNP Paribas Securities Services, London Branch is registered in England and Wales under No. FC023666.

The services described in this document, if offered in the U.S., are offered through BNP Paribas and its subsidiaries and its affiliates. Securities products are offered through BNP Paribas Securities Corp., a subsidiary of BNP Paribas, a broker-dealer registered with the Securities and Exchange Commission and a member of SIPC, the Financial Industry Regulatory Authority, New York Stock Exchange and other principal exchanges.