BNP Paribas Adds Philippe Benoit as its APAC Head, Replacing Lawrence Au

BNP Paribas has started off the New Year with an appointment to its Asia-Pacific (APAC) Asia-Pacific (APAC) The Asia-Pacific (APAC) region is one of the fastest growing in terms of population. This region in particular is of great importance to the financial services industry, as it is seen as the largest growth market for clients.APAC is comprised of diverse currency markets that are shaped by various and, at times, competing forces, from global regulation to local capital controls.The region has been seen as one of the hardest to enter by FX brokers for this reason, as well as grappling cultural or The Asia-Pacific (APAC) region is one of the fastest growing in terms of population. This region in particular is of great importance to the financial services industry, as it is seen as the largest growth market for clients.APAC is comprised of diverse currency markets that are shaped by various and, at times, competing forces, from global regulation to local capital controls.The region has been seen as one of the hardest to enter by FX brokers for this reason, as well as grappling cultural or Read this Term) operations, namely the addition of Philippe Benoit as its newest Head, according to a Reuters report.

More specifically, BNP Paribas Securities Services, an arm of BNP Paribas, has reinforced its Hong Kong office with Philippe Benoit as its Head of its APAC operations, whose appointment is tendered with immediate effect.

Mr. Benoit steps into his new role in Hong Kong after already serving as BNP Paribas Securities’ Global Head of Finance, Legal, and ALM Treasury in Paris. As the APAC Head, he will be replacing Lawrence Au, who will remain with BNP Paribas in the capacity of an Executive Advisor.

BNP Paribas has undergone several changes to its operations in recent months, notwithstanding an exodus out of the Hong King private trading market. In mid November, BNP Paribas reported that it would shut down its dark pool trading platform in Hong Kong. The move by BNP was believed to be a result of tougher financial market Regulation Regulation Like any other industry with a high net worth, the financial services industry is tightly regulated to help curb illicit behavior and manipulation. Each asset class has its own set of protocols put in place to combat their respective forms of abuse.In the foreign exchange space, regulation is assumed by authorities in multiple jurisdictions, though ultimately lacking a binding international order. Who are the Industry’s Leading Regulators?Regulators such as the UK’s Financial Conduct Authority ( Like any other industry with a high net worth, the financial services industry is tightly regulated to help curb illicit behavior and manipulation. Each asset class has its own set of protocols put in place to combat their respective forms of abuse.In the foreign exchange space, regulation is assumed by authorities in multiple jurisdictions, though ultimately lacking a binding international order. Who are the Industry’s Leading Regulators?Regulators such as the UK’s Financial Conduct Authority ( Read this Term in Hong Kong, which came into effect last month December, whereby substantially increasing the costs and risks associated with running dark pools.