BNP Paribas Schweiz has appointed Marco Citrini as Head of Securities Services Switzerland, putting him in charge of the Swiss custody and fund services business division. He succeeds Garrick Dean Smith, who will take on the role of Managing Director Client Coverage Securities Services Switzerland to expand relationships with key institutional clients, according to a statement issued on Friday.
Citrini brings more than 30 years of experience in the financial industry. Prior to joining BNP Paribas, he held various leadership positions at American Express, Bank Leu, and ABN AMRO. He has been with BNP Paribas since 2001, when he joined as the second permanent employee to help build up Securities Services Switzerland. Most recently, he headed the Client Line for Financial Intermediaries & Corporates and served as deputy head of the Swiss branch.
The appointment is part of a long-term succession planning process, with Citrini tasked with strengthening the position of BNP Paribas as a provider of custody and fund services in Switzerland. Globally, the business division manages 17.5 trillion dollars in assets under custody, placing it among the largest global custodians.
Thorsten Gommel, Head of Securities Services for Germany, Austria, Switzerland, the Netherlands, and the Nordic countries, cited Citrini's expertise and leadership experience as key prerequisites for driving growth in Switzerland and strengthening both local and international presence. Enna Pariset, CEO and Head of Territory for the BNP Paribas Group in Switzerland, also underscored the importance of the appointment, noting the firm's objective to further expand its position in the Swiss market.
