BNP Paribas Securities Services has appointed Akshay Thakurdesai as head of India.
Reporting to Franck Dubois, head of BNP Paribas Securities Services Asia Pacific, and Sanjay Singh, deputy CEO, India Branches at BNP Paribas, Thakurdesai will be responsible for leading the bank’s securities services team in India as well as developing new business opportunities for its India franchise.
Thakurdesai, who joined the bank in 2006, has held various senior management positions including COO of BNP Paribas Securities Services India, and more recently COO of BNP Paribas India’s brokerage business.
He will replace Christophe Beelaerts, who has been appointed Asia Pacific senior sales specialist, based in Luxembourg, promoting BNP Paribas’ Asia Pacific products.
Commenting on Thakurdesai’s appointment, Dubois said: “I am delighted to announce this new appointment. India is a growing market, where we service both domestic and foreign institutions. Akshay’s in-depth knowledge of the Indian market stands us in good stead to continue to develop our offering in the country.”
BNP Paribas Securities Services India offers asset servicing as well as third party clearing and settlement services aimed at local financial institutions. The bank also acts as a local custodian to foreign investors investing in the country.
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