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BNP Paribas Securities Services opens in Colombia and Chile


16 March 2012 Colombia and Chile
Reporter: Georgina Lavers

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Image: Shutterstock
BNP Paribas Securities Services has opened new offices in Colombia and Chile, and acquired the relevant hires, as part of its expansion into Latin America.

The strategic move into Latin America was announced by chief executive of BNP Paribas Securities Services Patrick Colle last year. Colle said in February 2011 that he hoped to develop services for global clients, adding this year: "Launching our services in Colombia and Chile is a key milestone in realising that ambition." Colle also commented that BNP Paribas' experience with multi-country exchanges such as Euronext gave it a head start in the Latin American region.

Claudia Calderón formerly of Cititrust Colombia, has been appointed head of BNP Paribas' Colombia office. Emiliano Martínez, joining from the BNP Paribas group’s asset management division, will oversee the bank’s business development efforts in Chile, reporting to Alvaro Camuñas, regional manager for Spain, Portugal and Latin America.

“With 15 years’ experience in developing solutions for bluechip South American clients, Claudia has a successful track record in helping global custodians and international brokers set up their operations in Colombia,” Camuñas said.

“Her expertise, and Emiliano’s relationships with corporate and institutional investors in the region, are significant assets to us and will be key to developing our business in South America.”
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