BNP Paribas Securities Services today announced it is expanding Market and Financing Services for clients in Asia Pacific, specifically by launching a new Agency Securities Lending Desk in Hong Kong.
Located in Hong Kong, the new desk will focus on Asian markets and provide local client coverage to meet growing appetite from clients looking to increase their asset allocations into the region. This new trading desk will complement existing services offered via desks in Sydney, London and New York.
In support of this, BNP Paribas has appointed Anthony McDonald to head up the Hong Kong Agency Securities Lending desk. In this newly created role, Mr McDonald will focus on trading activities and developing services for Institutional Lenders and Borrowers in the region.
Natalie Floate, APAC Head of Market & Financing Services at BNP Paribas Securities Services, said:
”We are excited to have Anthony join us in Hong Kong to reinforce our existing team and accelerate our growth in Asia. He brings a wealth of client and product development experience to this role, which will combine well with his broad sell-side experience and strong market relationships.”
Andrew Geggus, Global Head of Agency Lending Trading at BNP Paribas Securities Services, said:
”Having worked in Hong Kong for several years, I know how dynamic the markets can be and see the opportunities in the region. Anthony’s appointment, to head up our new Agency Securities Lending desk in Hong Kong, is pivotal for our global expansion plans – aligning with our ambitions to further develop across the Asia Pacific region.”
Mr McDonald has worked in the Equity Finance segment for over 20 years, starting his career in London before moving to Hong Kong where he joins us from SEB. He has previously gained experience at RBS Trust Bank, Credit Suisse, Citigroup and Dresdner Kleinwort.
Mr McDonald will report locally to Ms Floate and globally to Mr Geggus.
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About BNP Paribas Securities Services (securities.cib.bnpparibas)
BNP Paribas Securities Services, a wholly owned subsidiary of the BNP Paribas Group, is a leading global custodian and securities services provider. Backed by the strength of the BNP Paribas Group, we provide multi-asset post-trade and asset servicing solutions for buy and sell-side market participants, corporates and issuers. With a global reach covering 90+ markets, our network is one of the most extensive in the industry, enabling clients to maximise their investment opportunities worldwide.