Home / News / BNP Paribas goes with local talent to replace Pierre Jond

BNP Paribas goes with local talent to replace Pierre Jond

News

BNP Paribas Securities Services has anointed Peter Baker to succeed Pierre Jond as managing director of Australia and New Zealand. Jond, who has been in the role for four years, will return to Paris at the end of the year.

The company also announced last week that Michelle Crosbie, a New Zealander who had been COO in the London office for the past five years, will become the Sydney-based COO, succeeding Luc Vassort who has headed for the BNP Paribas Moroccan office.

Jond, like his predecessor, Jean-Marc Pasquet, was active in the broader securities services industry during his time in Australia – currently as chair of the Australian Custodial Services Association. He is expected to retain that role until the annual meeting later this year. But the appointment of an Australian to take his place at BNP Paribas will send a message to the market of a greater commitment to the region and possibly greater longevity in the role. Baker will report to the regional head in Hong Kong, Lawrence Au.

  • Pasquet, who headed up the Asia Pacific region from Sydney, was also in the job for four years. He is now in charge of France and Belgium.

    Jond oversaw a significant building phase for the firm, including obtaining a banking licence, the move to the global custody system, commencement of listed derivatives clearing and the joint migration project with client AMP involving the AXA and ipac assets and Tyndall’s fund management business.

    Jond said: It has been very satisfying… We are poised for growth and it is the right time to hand over to a new head with strong links to the local industry.”

    Baker is a former senior executive at State Street. He was managing director of State Street Investor Services in Australia, New Zealand and South-East Asia, managing director of the UK, Middle East and Africa and managing director of Asia ex-Japan.  He joined BNP in early 2012 and was recently promoted to head of client strategy and communication.

    BNP has also appointed a new head for its Singapore office, Mostapha Tahiri, who replaces Claudon Arnaud, who is also returning to Paris.

     




    Print Article

    Related
    ’60/40 is being resuscitated’: fixed income down but not out

    Year-to-date, fixed income markets are about as bad as equities. But Michael Leithead, fixed income and senior portfolio manager at EFG Asset Management (EFGAM), is more positive than he’s been “in a long time.” “We’re at a point now where the market has priced in quite a lot of global policy tightening, and that restores…

    Lachlan Maddock | 24th Jun 2022 | More
    ‘It’s a business about character’: Kudu hunts deals Down Under

    New York-based Kudu Investment Management has returned to Australia in hopes of pulling off a repeat of its 2020 deal with Channel Capital. “The asset management business is an absolutely beautiful business, to the mind of anybody involved in it. It’s rock solid; it has high margins; and the people are interesting,” says Charlie Ruffel,…

    Lachlan Maddock | 24th Jun 2022 | More
    APRA grows concerned on consolidation, flags new standards

    The wave of consolidation racing through the superannuation industry is now raising eyebrows at the prudential regulator. With the massive amounts of FUM being devoured, some funds are suffering indigestion. “This may manifest at the industry level at the point of transfer in a SFT, for example where an administrator has a backlog of transfers…

    Lachlan Maddock | 24th Jun 2022 | More
    Popular
    1
    News and OneVue go live with brightday
    Investor Strategy News | 11th Jan 2015 | More
    2
    Perrignon off to HK with Credit Suisse
    Investor Strategy News | 22nd Dec 2013 | More
    3
    Sports betting as a new asset class
    Investor Strategy News | 3rd Jul 2016 | More
    4
    BlackRock ahead of consensus with bullish view
    Investor Strategy News | 14th Jan 2017 | More
    5
    HSBC talks re-open old NAB wound
    Lachlan Maddock | 9th Mar 2022 | More
    6
    Statewide seeds bespoke Apostle fund
    Lachlan Maddock | 23rd Mar 2022 | More