The head of public affairs at BNP Paribas Securities Services has been promoted to the asset manager client segment.
Florence Fontan is the new head of the asset manager client segment, responsible for strategy, business development, products and services to the custodian bank’s asset manager clients and prospects.
She reports to Charley Cock, head of client development and Philippe Ricard, head of asset and fund services at the bank.
Fontan said that asset managers, now more than ever, need support around fund administration and distribution.
“They need to outsource certain activities to focus on their core business, and they are still pondering how best to optimise their collateral in the new environment.”
Fontan was most recently the head of public affairs at BNP Paribas Securities Services, a position she held since 2007. In that role, she was in charge of helping the bank comply with regulatory change, and helping its clients adapt to the changing environment. She joined BNP Paribas in 1998 following a ten year career in management consulting at Arthur Andersen.
Fontan has been replaced as the head of public affairs by Laurence Caron-Habib, a public affairs specialist who joined the bank’s public affairs team in 2007.
