Flossbach von Storch mandates BNP Paribas 04 June 2024Germany Reporter: Jack McRae
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Flossbach von Storch has mandated BNP Paribas’ Securities Services business to provide global custody, fund accounting, and transfer agent services.
The Germany-based asset management firm will gain access to BNP Paribas’ Securities Services’ solutions and multi-local expertise.
Patrick Colle, head of Securities Services and chairman of Financial Institutions Coverage at BNP Paribas, comments: “Building long-term value and trust is a shared principle between our two organisations, and we stand committed to helping Flossbach von Storch seize tomorrow’s opportunities for growth.”
On the mandate, Christian Schlosser, board member for Flossbach von Storch Invest, explains: “In the future, we want to ensure that we provide first-class service beyond our domestic market. BNP Paribas — a leading global custodian with a network spanning across all time zones — is an ideal partner to achieve this goal.”
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