BNP Paribas Securities Services Americas has announced the appointment of Chris Richmond to head of asset owner, asset manager and alternatives client lines.
Richmond will be responsible for product development and strategy for asset owners, asset managers and alternative investors across North and Latin America.
He will report to Dennis Bon, head of BNP Paribas Securities Services in the Americas, as well as Arnaud Claudon, global head of asset managers and owners, and Patrick Hayes, global head of alternative investors.
Richmond has extensive experience servicing traditional and alternative investment managers and asset owners at State Street, Charles River and BNY Mellon. Prior to this, Chris led multiple fund accounting teams at Fidelity Investments.
Commenting on the hire, Bon says: “The Americas institutional investor market is a key area of growth for us and is of strategic importance to serve both our local and global client base.
“We have been making meaningful investments in this space since the build out of our US custody offering in 2012 and I am thrilled to welcome Chris to our team and continue to grow our business in the Americas.”
Richmond adds: “I am excited to be leading BNP Paribas Securities Services’ asset manager, asset owner and alternatives client lines in the Americas at such a key moment.
“Recent changes throughout the industry are driving asset managers and asset owners to re-shape their operating models and adapt to changing client behaviours. This presents exciting opportunities for us to further enhance our offering.”