Introduction
BNP Paribas’ Securities Services business’ involvement with the Australian Custodial Services Association (ACSA) has been integral to the development and progress of the Australian custody and investment administration industry since 2002, with
BNP Paribas’ acquisition of AMP’s custody business, Cogent. Notably, AMP had been one of the inaugural ACSA board members and a signatory to the ACSA Constitution in 1995, setting the foundation for BNP Paribas’ significant contribution to
ACSA’s growth and industry development.
ACSA's Role and Achievements
ACSA serves as a cornerstone in the custody and investment administration industry in Australia. It aims to enhance the standards and practices within the sector, providing a platform for industry collaboration and advocacy. Over the years, ACSA
has accomplished several milestones, including:
- Advancing Industry Standards: From its inception, ACSA has been at the forefront of establishing best practices for custody and investment administration services. These standards have helped ensure consistency and reliability
across the industry, benefiting both service providers and their clients.
- Advocacy and Policy Influence: ACSA has been an active advocate for its members, engaging with policymakers to shape regulatory frameworks that support the growth and stability of the custody and investment administration
sector. Its input has been instrumental in crafting regulations that address issues such as risk management, data security, and asset protection.
- Technological Integration: Recognising the transformative potential of technology, ACSA has championed the adoption of digital tools and platforms. Initiatives such as electronic reporting standards and blockchain-based asset
tracking have positioned its members at the cutting edge of innovation.
- Member Engagement and Education: ACSA’s commitment to its members is evident in its extensive range of training programs, workshops, and conferences. These events provide valuable opportunities for knowledge sharing and professional
development, ensuring that members remain well-equipped to navigate industry challenges.
Key BNP Paribas’ Contributors
Securities Services at BNP Paribas has played a prominent role in ACSA’s success, with several key executives contributing significantly to the association’s governance and initiatives:
Gail Burke (2002-2006)
As an early representative, Gail’s strategic vision and commitment were instrumental in strengthening ACSA’s foundational efforts and fostering collaboration within the industry.
Jean-Marc Pasquet (2007-2009)
Serving as Treasurer from 2008-2009, Jean-Marc helped enhance ACSA’s fiscal governance and supported the growth and execution of ACSA’s long-term goals and member development.
Pierre Jond (2010-2013)
Pierre’s tenure as Deputy Chair and later Chair marked a period of substantial growth and influence for ACSA. His leadership played a pivotal role in steering ACSA through the complexities of the Global Financial Crisis
Daryl Crich (2014-2023)
As Treasurer for nearly a decade, Daryl’s dedication ensured financial stability and supported ACSA’s expanded initiatives, including technology-driven advancements, governance and regulatory advocacy. ACSA recognises Daryl’s outstanding and unwavering
commitment to the growth and development of ACSA over a ten-year period.
Philippe Kerdoncuff (2024-Present)
Philippe continues to build on BNP Paribas’ legacy, driving strategic initiatives and fostering collaboration among members to advocate for industry standardisation and best practice.
ACSA Award Winners
Each year ACSA issues awards for contribution to the industry.
The ACSA Awards affirm the industry’s desire to recognise outstanding individual contribution. Several members of the Securities Services at BNP Paribas team have been recipients
of the awards including:
2013 – Emad Hanna
2016/2024 – Josephine Maiorana
2017 – Vera Markovski
2017 – David Braga
2018/2024 – Fergus Walsh
2018 – Narelle Rutter
2023 – Daryl Crich
BNP Paribas’ Legacy
BNP Paribas’ Securities Services business’ involvement in ACSA began with active participation in key working groups and committees, contributing to policy development, regulatory advocacy, and technology advancements. By leveraging its global
expertise, the bank provided valuable insights into global trends and best practices, enhancing ACSA’s ability to address the evolving needs of the Australian market.
Today, Securities Services at BNP Paribas remains deeply engaged with ACSA, contributing to its thought leadership, industry standardisation and advocacy efforts. By leveraging its global network and local expertise, BNP Paribas continues
to support ACSA in addressing the challenges and opportunities within the custody industry.
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