Riyad Capital and BNP Paribas Securities Services launch new product
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Riyad Capital and BNP Paribas Securities Services launch new product 23 March 2023Saudi Arabia Reporter: Lucy Carter
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Riyad Bank’s investment arm, Riyad Capital, has partnered with BNP Paribas Securities Services to launch My Assets, a new web-based client portal for securities services.
Using My Assets, clients have access to all post trade-related data connected to their portfolios and cash accounts. Through this, activity and performance can be more effectively monitored and data more efficiently extracted.
Consolidated data is available at numerous granularities, from the full spectrum of securities services products to a client relationship group and each customer under such a group.
The product joins the two companies’ existing securities services offerings for financial intermediaries and institutional investors in Saudi Arabia. Developed over recent years with a Saudi public sector institution, these include local and global custody, investment and fund accounting and post-trade compliance monitoring.
Riyad Capital and BNP Paribas Securities Services expect to continue their collaborative ventures, further developing Riyad Capital’s asset servicing capabilities in Saudi Arabia.
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Image: tokyo studio/stock.adobe.com 