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BNP Paribas Securities Services To Appoint New CEO

BNP Paribas Securities Services, a wholly-owned subsidiary of BNP Paribas Group, will appoint Patrick Colle as CEO effective from May 2010. Mr colle joined BNP Paribas Securities Services in 2006 and has been head of BNP Paribas Securities Services' UK business since March 2008.

Mr Colle has over 24 years of experience in the industry, of which four within BNP Paribas Securities Services. As head of the UK business, he has led BNP Paribas Securities Services’ development in this key financial centre. Prior to this, he was at JPMorgan Chase which he joined in 1986 and where he held several positions in cash management, securities clearing and custody in Paris and New York before becoming global head of ADRs in London in 2001.

Jacques d’Estais, chairman and acting CEO at BNP Paribas Securities Services, said: “I am delighted to announce Mr Colle’s appointment. I am confident that his in-depth knowledge of the business and international experience will ensure further expansion of our successful strategy.We will continue to develop our strategy and invest in value-added solutions to meet our clients’ complex needs across the globe.”

Mr Colle said: “Our ambition, scale, expertise and vision will be the key to our clients’ success and our continued expansion. I look forward to sharing the future with our teams and clients across the globe.”

Mr d’Estais will remain chairman of BNP Paribas Securities Services. James McAleenan will replace Mr Colle as head of the UK business, pending FSA approval. Mr McAleenan is currently CEO at BNP Paribas Securities Services UK.