BNP Paribas hire UK depositary bank head

BNP Paribas hire UK depositary bank head

BNP Paribas Securities Services has appointed Linda Morsia as head of its depositary banking business in the UK

Morsia joins from State Street Trustees, where she was head of client management, sales and business development and brings over 30 years’ experience in depositary banking having worked in operations, compliance, client relationship and sales roles. She will report to Arnaud Claudon, head of depositary banking at BNP Paribas Securities Services.

BNP Paribas launched its depositary bank in the UK in 2012 in response to demand from its Ucits clients as well as the impending implementation of AIFM directive. The bank has announced several other geographical expansions for its depositary banking network, including most recently the Netherlands and Switzerland.

Since the UK launch, BNP Paribas has been appointed by more than 10 fund managers to act as depositary for more than 40 UK alternative investment funds investing across listed, unlisted and alternative assets.

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