Ms Marelle is replacing Bruno Campenon who has relocated to New York as head of clearing and custody services and corporate trust services for the Americas.
She is now responsible for client relationships and service delivery for Hong Kong clients in addition to her role as head of clearing services and custody services and corporate trust services in Asia Pacifc.
Ms Marelle has more than two decades’ experience in the clearing and custody and trust services industry.
She joined the clearing and custody business of JP Morgan in 1993, which was acquired by BNP Paribas in 1995, and has since held roles in operations, sales and relationship management and corporate trust services in Paris, London, Frankfurt and Hong Kong.
Mr Raccat will continue in the role of head of global markets while also fulfilling his new role as head of market and financing services for the Asia Pacific region.
He joined BNP Paribas Securities Services in 1996 and was appointed as head of global markets, covering forex, short-term interest rates, equity lending and agency lending, in 2011.
Earlier this year he was appointed to the board of the International Securities Lending Association.
Head of BNP Securities Services in Asia Pacific Lawrence Au said he was pleased to have Ms Marelle and Mr Raccat on board as the company makes additional investment in key resources in Asia Pacific and embark on an exciting phase of our development.
“Stéphanie takes over the leadership of a key location in the region – one of her priorities will be to continue working with our clients as they adapt to the complex and ever-changing market landscape,” said Mr Au.
“David will be responsible for accelerating the growth of our market and financing services business line in Asia Pacific and continuing to adapt our services to meet the varying, nuanced needs of our clients in the region.”
