BNP Paribas Securities Services pursues wider Asia strategy

The move by BNP Paribas Securities Services to offer third-party clearing and local custody in Hong Kong -- for which it received approval earlier this month -- is part of a wider strategy for Asia. Jacques-Philippe Marson, chief executive of BNP Paribas Securities Services in Paris, says the institution plans to expand in China, Japan, South Korea and Taiwan over the next three to four years. The firm is exploring acquisition or partnership opportunities to facilitate this growth. …