Key Takeaways
- • BNP Paribas Securities Services appoints Peter Herrlin as Global Head of Hedge Fund Services, based in London, overseeing the firm's hedge fund client line and delivery teams globally.
- • Herrlin joins from Northern Trust, where he served as EMEA Head of Client Solutions, bringing additional hedge fund experience from prior roles at SEB and Danske Bank.
- • The appointment reports to Patrick Hayes (Global Head of Alternatives Investors, Securities Services) and locally to Julien Kasparian (Regional Head for UK and Middle East, Securities Services), positioning Herrlin within BNP Paribas' alternatives investment expansion strategy.
- • Hayes stated Herrlin "will play an instrumental role in driving the next phase of our business growth in the hedge fund segment," signaling strategic importance to BNP Paribas' hedge fund services business line.
Summary
BNP Paribas Securities Services, the French asset servicer, has strengthened its alternatives investment team with the appointment of Peter Herrlin as Global Head of Hedge Fund Services. Based in London, Herrlin assumes responsibility for overseeing the firm's hedge fund services client line and client delivery global teams, marking a leadership appointment within BNP Paribas' strategic push into hedge fund administration and outsourcing services.
Herrlin brings substantial industry experience from Northern Trust, where he most recently held the position of EMEA Head of Client Solutions. His career also includes hedge fund-focused roles at Skandinaviska Enskilda Banken (SEB) and Danske Bank, providing direct experience with European and Nordic financial institutions' alternatives service offerings.
In his new role, Herrlin operates within a clear reporting structure aligned to BNP Paribas' alternatives investment strategy. He reports globally to Patrick Hayes, Global Head of Alternatives Investors, Securities Services, and regionally to Julien Kasparian, Regional Head for the UK and Middle East, Securities Services. This positioning indicates the hedge fund services division sits within a broader alternatives investment franchise at BNP Paribas.
Patrick Hayes emphasized the strategic significance of the appointment, stating that Herrlin "will play an instrumental role in driving the next phase of our business growth in the hedge fund segment." The language signals BNP Paribas' commitment to expanding its hedge fund administration, financing solutions, and outsourcing capabilities—services typically critical for institutional hedge fund clients seeking independent fund administration and post-trade processing infrastructure.
Herrlin brings substantial industry experience from Northern Trust, where he most recently held the position of EMEA Head of Client Solutions. His career also includes hedge fund-focused roles at Skandinaviska Enskilda Banken (SEB) and Danske Bank, providing direct experience with European and Nordic financial institutions' alternatives service offerings.
In his new role, Herrlin operates within a clear reporting structure aligned to BNP Paribas' alternatives investment strategy. He reports globally to Patrick Hayes, Global Head of Alternatives Investors, Securities Services, and regionally to Julien Kasparian, Regional Head for the UK and Middle East, Securities Services. This positioning indicates the hedge fund services division sits within a broader alternatives investment franchise at BNP Paribas.
Patrick Hayes emphasized the strategic significance of the appointment, stating that Herrlin "will play an instrumental role in driving the next phase of our business growth in the hedge fund segment." The language signals BNP Paribas' commitment to expanding its hedge fund administration, financing solutions, and outsourcing capabilities—services typically critical for institutional hedge fund clients seeking independent fund administration and post-trade processing infrastructure.
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