BNP Paribas Securities Services has hired Alexandra Ricciardi to extend the firm’s collateral franchise to North America.
Ricciardi will be based in New York as the head of product development for collateral services in North America.
The newly created position enables US and Canadian based clients to access the bank’s services locally. BNP Paribas continues to flourish in Europe with its collateral offering, and recently enhanced the service with the launch of the ‘collateral access’ suite of products in June 2013.
The bank’s clients in Europe and the Asia Pacific will also be able to access the service in North America once the launch is complete.
Ricciardi has been hired to oversee the expansion locally in the US and adapt the product to the nuances of the American market. The launch is expected in Q2 of this year.
Ricciardi’s most recent role was at J.P. Morgan.
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