The hire follows the launch of the bank’s issuing and paying agent services to US money market issuers last year.
Pratt joins from Barclays Capital where he was a director in the bank’s structured finance department in New York. Prior to this, he was a securitisation banker at Deutsche Bank in London.
'I am delighted that Jamie has joined us to lead our debt market services sales. The US money market is a key source of short-term funding for US and non-US issuers. It is a high volume market with short deadlines creating significant operational challenges for issuers', said Claudine Gallagher, regional manager North America at BNP Paribas Securities Services on the launch. 'Our strong understanding of the local market infrastructure and its regulatory environment combined with our market-leading technology platform dedicated to money market processing will help our customers increase efficiency and reduce operational risk', she added.
BNP Paribas Securities Services is expanding its presence as a full service provider in the US money markets and views recent developments in this space as an opportunity to build on its existing franchise.