BNP Paribas Securities Services gets Hong Kong license

BNP Paribas Securities Services has been granted a banking license by the Hong Kong Monetary Authority. This comes three weeks after the firm was granted a banking license in Singapore. The licenses and the offices in Hong Kong and Singapore are in line with BNP Paribas' plans to expand in the region. Bruno Campenon, head of BNP Paribas Securities Services in Hong Kong, says the license marks an important step in the development of a unique custodian bank in the Hong Kong market. "W…