Szonyi New Head of BNP Paribas Securities Services Hungary

BNP Paribas Securities Services says it has appointed Beata Szonyi as the head of Securities Services in Hungary. She will build on the foundations put in place by the outgoing head, Theofilos Mitsakos; he has relocated to London to take up the post of head of clearing and custody operations for the bank’s UK business.

Szonyi joins from Unicredit Global Securities Services, where she was most recently a global relationship manager for the bank’s flagship US and UK clients’ activities in Central and Eastern Europe (CEE) and the Commonwealth of Independent States (CIS), playing a crucial role in managing and growing key client accounts for the bank.

We are told that with almost two decades’ experience in custody in CEE, Szonyi has excellent knowledge of the local market and a sound understanding of the local custody requirements of large US and UK banks and institutional investors in Hungary.

Szonyi has also held senior roles in relationship management, product development and network management at Credit Suisse First Boston and Citibank, where she was responsible for developing and maintaining relationships with the bank’s financial institutions client base.

In her new post she will report to Gerald Noltsch, the firm’s regional manager for Germany, Northern Europe, CEE and CIS

BNP Paribas Securities Services reminds readers that it launched local custody services in Hungary in 2008 after securing a banking licence and local CSD memberships. In June 2010, it became a general clearing member for fixed income and began to offer on-exchange services.