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BNP Paribas hires Summonte for German custody sales

GERMANY- BNP Paribas Securities Services has appointed Deutsche Bank ‘s Angela Summonte as senior sales manager to its International Investor Services’, IIS, sales desk.

Summonte, who will be based in Frankfurt, joined the firm at the beginning of May from Deutsche, where she spent four years selling “a full range of securities processing products” to Italian and Swiss Institutional clients.

BNP said that in her new capacity she will focus on German pension funds and asset managers and report to Dietmar Roessler, head of IIS sales and relationship management in Frankfurt.

Summonte also reports to Margaret Harwood-Jones, global head of IIS sales and relationship management.

Calling her a “key addition” Dietmar Roessler said Summonte would strenghten BNP’s team in Germany and provide “top quality expertise”.

“Her vast experience in Global Custody, Fund Administration and Performance Measurement will allow us to significantly increase our focus on German pension funds and asset managers” he added.

BNP Paribas Securities Services said that in December 2003 it held over 2 trillion euro assets under custody and 235 billion euros assets under administration for more than 3300 funds worldwide.





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