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BNP Paribas hires new India head
14 May 2012
BNP Paribas Securities Services announces that Viraj Kulkarni will replace Pierre-Alexandre Thome
BNP Paribas Securities Services
BNP Paribas Securities Services has hired Viraj Kulkarni as head of securities services in India.
He replaces Pierre-Alexandre Thome who becomes head of clearing, custody and corporate trust operations in India. Kulkarni will focus on driving the custodian’s activities in the Indian market, which include custody, clearing, transfer agency, and domestic fund services.
According to BNP Paribas, Kulkarni will also take charge of executing the custodian’s strategy in India as part of its wider growth plan for Asia Pacific. The bank said it has seen double-digit growth in the region over the past three years and that it now accounts for around 20% of the company’s workforce. Kulkarni will also become a member of the custodian’s regional Asia Pacific executive committee.
He moves from consultancy firm Pivot where he was managing partner and founder. Prior to Pivot he was executive director and head of products at JPMorgan Worldwide Securities Services.
Before that he was at Citibank for around six years where he spent time in India as securities country manager and vice president of regulatory and compliance. Kulkarni has also worked for Morgan Stanley in India as well as the Bombay stock exchange.