BNP Paribas hires to boost Hungarian securities services
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BNP Paribas hires to boost Hungarian securities services 15 August 2013Budapest Reporter: Georgina Lavers
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BNP Paribas has appointed Gyorgy Cselenyi as the head of securities services in Hungary.
Cselenyi brings almost two decades’ experience in the Hungarian banking market.
He joins from BNP Paribas Corporate and Investment Bank in Hungary, where he was most recently head of interest rate trading. He joined BNP Paribas in 2004 as a bond trader for local asset-liability management portfolio before moving onto various other positions in fixed income.
Prior to this, Cselenyi was head of international settlements at the Hungarian Government-Debt Management Agency, and also held various trading roles at the Hungarian Foreign Trade Bank including head of treasury trading.
Cselenyi made significant contribution to the expansion of BNP Paribas’ trading activity in Hungary, Romania and Croatia, as well as the 2010 milestone of the bank joining the Hungarian Primary Dealership system. This also allowed him to work closely with Securities Services in Hungary, in its role as custodian and general clearing member for on-exchange trading in the country.
He will report to Gerald Noltsch, the custodian bank’s regional manager for Germany, Northern Europe, CEE and CIS, who is also a member of BNP Paribas Securities Services’ executive committee.
BNP Paribas Securities launched local custody services in Hungary in 2008 after securing a banking licence and local CSD memberships. In June 2010, it became a general clearing member for fixed income and began to offer on-exchange services.
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