BNP Paribas bolsters its ranks 06 February 2014London Reporter: Stephen Durham
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BNP Paribas Securities Services has made four new appointments to its existing UK client development team for institutional investors.
Sid Newby has been appointed as head of pension fund sales after leaving competitor BNY Mellon while Felix Schachter has been appointed as head of insurance company sales. Schachter has joined BNP Paribas from Aon, where he lead the European insurance practice for McLagan, Aon's financial services management consultancy.
Aïda Molineux (pictured) has been appointed as head of client service, covering asset owners, asset managers and alternative investment managers and Ben Williams-Thomas (also pictured) is appointed sales manager for information solutions.
The move has been made with a view to gaining more asset owner business in the UK, under the leadership of recently appointed head of sales and relationship management for institutional investors, Annalisa Winge Bicknell.
Bicknell said: “Our ambition to target UK pensions and insurance firms has already seen impressive success. We won several significant mandates last year and are looking to rapidly grow our market share in 2014. Sid, Felix and Ben will drive us forward in winning more mandates, while Aïda, working in close conjunction with our specialist relationship team, will ensure the highest quality of service delivery for all our clients.”
BNP Paribas announced mandate wins for two local government pension schemes in 2014, Teesside and Oxfordshire, as well as a landmark appointment to the UK LGPS framework for the appointment of custody providers, opening the door to the £180 billion UK local government pension fund market.
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