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BNP Paribas hire UK depositary bank head
25 March 2014
BNP Paribas Securities Services hires Linda Morsia
BNP Paribas Securities Services
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.