Justin Burman takes up key position with BNP Paribas Securities Services
08 May 2014
Category: News, Asia, Australia, Global
By Asia Asset Management
BNP Paribas Securities Services, a global custodian with over A$8 trillion (US$7.48 trillion) in assets under custody, has appointed Justin Burman as head of product – asset and fund services (AFS) in Australia.
Mr. Burman is responsible for market research and analysis, service offer development and management, product line management and sales support. He brings over 20 years of industry experience to the position, including senior roles within BNP Paribas, Colonial and ipac. In his time with BNP Paribas he has held the positions of product manager and head of registry services.
Daryl Crich, who was formerly head of product AFS, was appointed chief administration officer several months ago, holding both roles until a replacement was identified.
Peter Baker, head of Australia and New Zealand at BNP Paribas Securities Services, said: “Australian asset owners and fund managers are today facing more challenges than ever before; be it increased regulation – here and overseas – and the need to provide ever-increasing reporting for management and boards as well as improving their risk analysis and response.
“We have made significant investment in bringing world class products and services to Australia to help clients meet these demands. We are delighted to promote Justin to this important role to assist them.”
BNP Paribas Securities Services is the third largest provider in the local market in terms of assets under custody, totalling over A$305 billion in Australia as at December 31, 2013.