BNP Paribas Securities Services has appointed Claudine Gallagher as regional manager in North America. She joins the executive committee of BNP Paribas' securities services division and will report to Charley Cock, head of client development for the group.
In this role, Gallagher will spearhead BNP Paribas' securities services division's regional expansion, and oversee the roll-out of the bank's global and local custody services in the US later this year. She will also lead efforts to enhance the bank's correspondent clearing service for broker dealers.
Gallagher joins BNP Paribas from J.P. Morgan, where she was most recently a managing director in charge of the US bank's ADR business. With more than two decades' experience at J.P.Morgan and BNP Paribas, where she worked from 1995-2001, she brings significant experience in securities services. Her appointment marks a key milestone in BNP Paribas' securities services division's strategy to grow its business in North America, as it aims to support the increasingly global focus of its client base across Europe and Asia.
"We're delighted that Claudine has returned to BNP Paribas. She has unparalleled global experience in securities services and based on her leadership and talent, she is the right person to take our US strategy to the next step," said Cock.
Elaborating on the division's US expansion plans, Patrick Colle, the securities services division's CEO, said, "We help facilitate clients' cross-border reach with on-the-ground expertise in every major market across the globe. BNP Paribas' security services is very well positioned in the US where we have, for instance, UCITS experts, and therefore can design a strategy for our US clients to benefit from our European expertise."
The news follows a busy period of global developments for BNP Paribas' securities services division in 2011, including the launch of local custody and clearing in Brazil and India and the appointment of a new country head in Japan. In addition, BNP has secured a full banking licence in Australia.
