Indeval picks BNP Paribas’ Securities Services for local custody
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Indeval picks BNP Paribas’ Securities Services for local custody 07 February 2024Mexico Reporter: Lucy Carter
Image: Alonso Reyes/stock.adobe.com
Indeval, Mexico’s central securities depository (CSD), has selected BNP Paribas’ Securities Services as a local custodian for the US market.
The CSD is responsible for trades on the Mexican Stock Exchange and money market instruments.
As part of the Mexican Stock Exchange Group (Grupo BMV), it covers the oversight of domestic and international asset safekeeping and provides administrative duties on behalf of Mexican issuers.
Building on an existing five-year partnership between the two organisations, BNP Paribas’ Securities Services will provide Indeval with tailored solutions and a client support team.
Claudia Calderon, head of Hispanic LatAm for securities services at BNP Paribas, says: “We are proud to support Indeval in the US while bringing our expertise to Mexico’s market infrastructure.”
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Image: Alonso Reyes/stock.adobe.com 