Swissquote selects BNP Paribas as custodian 13 May 2024Switzerland Reporter: Jack McRae
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Swissquote has selected BNP Paribas as its custodian, allowing the company to benefit from an integrated execution-to-custody solution.
According to BNP Paribas, Swissquote “will benefit from a seamless experience across the entire trade lifecycle”.
Manuel Mache, head business operations at Swissquote, says: “Collaborating with BNP Paribas, and leveraging their advanced execution services and cutting-edge Cortex Equities platform, Swissquote further enhances its service offerings.”
Bruno Campenon, head of the financial institutions and corporates client line for Securities Services at BNP Paribas, adds: “Our highly integrated services enable enhanced automation and risk mitigation for the benefit of our clients, which is all the more crucial to ease their transition to shortened settlement cycles in a T+1 world.”
The new mandate expands on the existing relationship between the firms which already includes execution for cash equities services.
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