AXA renews BNP Paribas partnership 12 December 2019Paris Reporter: Becky Bellamy
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BNP Paribas Securities Services has been reappointed as AXA Group’s global custodian, depositary bank and transfer agent in seven European markets.
As part of the partnership, BNP Paribas will continue to provide AXA Group with global custody, depositary bank, order reception and transmission, transfer agency and international distribution services across its insurance, real estate and asset management activities.
The European markets it covers will include France, Germany, Ireland, Italy, Luxembourg, Spain and Switzerland.
Gautier Ripert, global head of operations for AXA Investment Managers, said: “Working with their teams of experts allows us to develop new services for our clients, and progress major innovation agenda items such as blockchain.”
Franck Dubois, head of France and Belgium at BNP Paribas Securities Services, added: “We have established a relationship of trust with AXA, underpinned by common ambition and joint innovative projects. Our multi-local, diversified and long-term approach also fits in well with AXA’s international strategy.”
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