BNP Paribas strengthens APAC management 16 September 2014Singapore Reporter: Catherine Van de Stouwe
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BNP Paribas Securities Services is expanding its Asia Pacific (APAC) presence with two new appointments to its management team.
Stephanie Marelle has been made head of Hong Kong, in addition to her role as head of clearing and custody services/corporate trust services in APAC. She will be responsible for client relationships and service delivery for Hong Kong clients
Marelle succeeds Bruno Capenon who has relocated to New York as head of clearing and custody services/corporate trust services, Americas.
David Raccat is the new head of market and financing services for APAC, in addition to his current role as head of global markets. Based in Singapore, Raccat will oversee the market and financing business line, which offers principle and agency lending, foreign exchange, collateral management and outsourced dealing services as well as a variety of financial solutions.
Head on BNP Paribas Securities Services APAC, Lawrence Au, said: “I am very pleased to have [Marelle] and [Raccat] on board as we make additional investment in key resources in [APAC] and embark on an exciting phase of our development.”
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