National Bank of Greece appoints Thomas Murray for counterparty monitoring
Latest news
National Bank of Greece appoints Thomas Murray for counterparty monitoring 19 June 2020London Reporter: Maddie Saghir
Image: EscapdeLeo/Shutterstock
Thomas Murray, a provider of data, risk assessments and analytics on global capital markets and financial counterparties, has entered into a new relationship with The National Bank of Greece (NBG).
As part of this new venture, Thomas Murray will assist NBG’s counterparty monitoring efforts across 30 markets by leveraging its extensive expertise in global securities markets.
Thomas Murray will provide monitoring of NBG’s global custodian and international central securities depository counterparties, and of its underlying network of sub-custodians.
The monitoring service will include detailed risk and capability assessments, accessed via Thomas Murray’s market data platform, as well as risk rating reports supported by newsflashes.
NBG provides custody services in Greece, with a wide range of Greek and foreign institutional and private investors.
Like many banks, NGB said it is facing increasing regulatory pressure to monitor the counterparties who handle its clients assets, and is eager to demonstrate its proactive attitude to monitoring and compliance.
Aris Divaris, assistant general manager of operations at NGB, said: “NBG is the oldest financial institution in Greece and a major custody provider for over 80 years. We are very keen to maintain and further strengthen our position by providing top-class service within the ever-evolving custody and asset servicing environment. NBG selected Thomas Murray for the completeness of their solution and the reliability of their data and looks forward to a value-adding collaboration.”
Simon Thomas, executive chair at Thomas Murray, said: “We are pleased that The National Bank of Greece has chosen to appoint Thomas Murray and utilise our unique data, risk assessments and analytics, as well as our broad global coverage. The service will help NBG navigate increasingly complex monitoring requirements, in order to safeguard their clients’ assets throughout the markets in which they invest. It is a pleasure to be working with NBG, who are a first-class provider of global custody to the Greek investment community.”
NO FEE, NO RISK 100% ON RETURNSIf you invest in only one asset servicing news source this
year, make sure it is your free subscription to Asset Servicing Times
Image: EscapdeLeo/Shutterstock 