BNP Paribas Securities Services has named Nick Jenkins as head of technical for trustee and depositary services in the UK.
In his new role, Jenkins will work with asset manager clients to manage regulatory change and ensure a smooth transaction to the Alternative Investment Fund Managers Directive (AIFMD) and UCITS V regimes.
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In addition, he will work with other various clients to administer sweeping regulatory change over the group’s product suite.
Jenkins joined BNP Paribas from Citigroup where he served as the head of fiduciary oversight and research.
Linda Morsia, UK head of trustee and depositary services at BNP Paribas Securities Services, said: "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. We are helping them adapt to these new regimes with proactive regulatory guidance and a range of innovative products."
Jenkins said; "Depositaries have become a cornerstone of European finance as regulators look to enhance investor protection. Service providers need to work closer than ever with clients to help them understand the complexity of regulatory changes."
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By GlobalDataBNP Paribas Securities Services now has over US$9 trillion in assets under custody and offers depositary banking services in 12 fund domiciles across Europe.
