BNP Paribas launches new securities lending desk in Hong Kong
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BNP Paribas launches new securities lending desk in Hong Kong 05 November 2020Hong Kong Reporter: Maddie Saghir
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BNP Paribas Securities Services has expanded its financing services for clients in Asia Pacific (APAC) with the launch of a new agency securities lending desk.
Located in Hong Kong, the new desk will focus on Asian markets and provide local client coverage to meet growing appetite from clients looking to increase their asset allocations into the region.
This new trading desk will complement existing services offered via desks in Sydney, London and New York.
In support of this, BNP Paribas has selected Anthony McDonald to head up the new Hong Kong agency securities lending desk.
In his newly created role, McDonald will focus on trading activities and developing services for institutional lenders and borrowers in the region.
He will report locally to Natalie Floate, APAC head of market and financing services at BNP Paribas Securities Services, and globally to Andrew Geggus, global head of agency lending trading at BNP Paribas Securities Services.
McDonald joins BNP Paribas from SEB. He has worked in the equity finance segment for 20 years, starting his career in London before moving to Hong Kong.
He has previously gained experience at RBS Trust Bank, Credit Suisse, Citigroup and Dresdner Kleinwort.
Floate says: “We are excited to have Anthony McDonald join us in Hong Kong to reinforce our existing team and accelerate our growth in Asia. He brings a wealth of client and product development experience to this role, which will combine well with his broad sell-side experience and strong market relationships.”
Geggus comments: “Having worked in Hong Kong for several years, I know how dynamic the markets can be and see the opportunities in the region. Anthony McDonald’s appointment to head up our new agency securities lending desk in Hong Kong, is pivotal for our global expansion plans aligning with our ambitions to further develop across the Asia Pacific region.”
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