Pauline Bernard Shares Insights on the Development of Security Services and Leadership over Time

In the dynamic world of financial markets, one woman stands out as a beacon of leadership – Pauline Bernard, Regional Head of France and Belgium at BNP Paribas' Securities Services business. With over 25 years of experience at the bank, Bernard has risen through the ranks to become one of the few female leaders in the securities services industry.

Bernard's role is pivotal, as securities services play a crucial part in the functioning of financial markets. This exciting field offers ample opportunities to shape its future, and Bernard is well-positioned to do just that. She works closely with various business lines within the bank, including Financial Institutions Coverage and Global Markets.

The securities servicing industry has undergone significant transformations over the years. Regulatory requirements have become stricter, digitalization has taken centre stage, and there's an enhanced focus on cost efficiency. The industry is also integrating technology such as market makers to ensure liquidity and competitive pricing. Strategic restructuring and product portfolio optimization are also crucial to improve margins and service offerings. These changes reflect a trend of adapting to market demands and technological advancements since the company's foundation.

Bernard emphasizes the importance of both technology and human networks in the industry. Emerging technologies such as AI and tokenized ledgers should be intellectually explored, but genuine relationships with various teams are crucial. The securities services industry is an ecosystem business that requires collaboration with operations, legal, IT, regulators, and fintech partners.

Bernard collaborates closely with the wider group on the strategic plan – Growth, Technology, and Sustainability. She is particularly proud of the long-term client partnerships she has built and the talented teams that sustain them. Recently, she signed a new mandate with ProCapital, providing an extensive range of asset services in Europe.

Clients in the securities services industry have higher expectations today. They want to focus on investment decisions, not operational organization, and expect improved efficiency, accuracy, and risk management. Bernard advises newcomers in the industry to keep clients' needs at the forefront. Understanding the fundamentals of the asset movement process and risk management is essential before pursuing new trends.

Bernard's journey at BNP Paribas has been supported by meaningful diversity initiatives. She is a testament to the bank's commitment to inclusivity and gender equality. The securities services industry can be challenging, but Bernard believes that the attitude and mentality of individuals are their most important assets.

In conclusion, Pauline Bernard is a trailblazer in the securities services industry. Her leadership, experience, and commitment to client service make her an invaluable asset to BNP Paribas and the financial industry as a whole. The industry may be constantly evolving, but Bernard's focus on client relationships and strategic planning ensures that BNP Paribas remains at the forefront of the securities services sector.