BNP Paribas Securities Services has appointed Nick Jenkins as head of technical for trustee and depositary services in the UK.
Jenkins has 30 years’ experience in the trustee and depositary industry.
He joins from Citi where he was head of fiduciary oversight and research.
At BNP Paribas he will work with asset manager clients to help them manage regulatory change and ensure a smooth transition to the Alternative Investment Fund Managers Directive (AIFMD) and Ucits V regimes.
“Nick is an expert in how AIFMD and Ucits V apply to UK asset managers. He brings an outstanding wealth of knowledge to this role and we are very pleased to welcome him to the team,” says Linda Morsia, UK head of trustee and depositary services at BNP Paribas Securities Services. “AIFMD and Ucits V both mark a step change for our asset manager clients. We are helping them adapt to these new regimes with proactive regulatory guidance and a range of innovative products.”
“Depositaries have become a cornerstone of European finance as regulators look to enhance investor protection” says Jenkins. “Service providers need to work closer than ever with clients to help them understand the complexity of regulatory changes. BNP Paribas has an outstanding track record in this domain and I am delighted to have joined.”
BNP Paribas Securities Services, which holds over USD9 trillion in assets under custody, provides depositary banking services in 12 fund domiciles across Europe. It expanded its depositary offering to the UK in January 2013.
