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BNP Paribas adds to US debt market services
22 April 2014
The custodian snaps up Barclays structured finance director Jamie Pratt
BNP Paribas Securities Services has hired a new head of sales
in the Americas region for debt market services.
Jamie Pratt joins from Barclays where he was a director in the
investment bank’s structured finance
His appointment follows the 2013 launch of BNP
Paribas’ issuing and paying agent services for US
money market issuers.
"The US money market is a key source of short-term funding for
US and non-US issuers. It is a high volume market with short
deadlines creating significant operational challenges for
issuers," said Claudine Gallagher, regional manager for North
America at BNP Paribas Securities Services.
The custodian has been making a big push to expand in the
Americas region. The bank administers debt products in the
region including US commercial paper, US medium term notes, US
certificates of deposit, asset-backed commercial paper and
collateralised commercial paper.
Before Barclays Pratt worked at Deutsche Bank as a
securitisation banker in London.