Sanford C Bernstein selects BNP Paribas as settlement provider
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Sanford C Bernstein selects BNP Paribas as settlement provider 08 October 2020Paris Reporter: Becky Bellamy
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BNP Paribas Securities Services has been appointed to provide settlement services to Sanford C Bernstein in Austria, Germany, Italy, Turkey and Euroclear Bank.
After consolidating its providers in Europe, Sanford C Bernstein has expanded its relationship with BNP Paribas Securities Services, which already provides the broker dealer with settlement services across seven European markets.
Sanford C Bernstein, which is part of Alliance Bernstein Group, offers institutional brokerage and research.
Bruno Campenon, global head of financial intermediaries client line at BNP Paribas Securities Services, said: “We are delighted to expand our partnership with Sanford C Bernstein. Their consolidation with us in Europe highlights our connectivity and expertise in the region and their ongoing satisfaction with our services.”
Lawrence Patrizio, global head of broker dealer operations at Alliance Bernstein, added: “We have built a strong and longstanding relationship with the team at BNP Paribas Securities Services and I am pleased to be able to extend this even further. As part of our decision to consolidate service providers, BNP Paribas Securities Services stood out for the level of connectivity they provide across multiple markets.”
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