BNP Paribas Securities Services has appointed Justin Burman as head of asset and fund services (AFS) in Australia.
Burman is responsible for market research and analysis, service offer development and management, product line financial management and sales support.
He has spent 20 years in the industry experience, including senior roles within BNP Paribas, Colonial First State and Ipac.
Over the past 10 years he has been product manager and head of registry services at BNP Paribas.
Daryl Crich, who was formerly head of AFS, was appointed chief administration officer several months ago, holding both roles until a replacement was identified.
Peter Baker, head of Australia and New Zealand at BNP Paribas, said: “Australian asset owners and fund managers are today facing more challenges than ever before; be it increased regulation, here and overseas, and the need to provide ever-increasing reporting for management and boards as well as improving their risk analysis and response.”
“We have made significant investment in bringing world-class products and services to Australia to help our clients meet these demands. We are delighted to promote Burman to this important role to assist them.”
BNP Paribas is the third largest provider in the local market in terms of assets under custody, totalling over AUD $305 billion, and provides local and global custody and fund administration solutions to many of the country’s largest asset managers.
