SGX welcomes BNP Paribas as new clearing member 28 December 2012Singapore Reporter: Mark Dugdale
Image: Shutterstock
BNP Paribas Securities Services will support Singapore Exchange’s (SGX’s) position as a gateway for businesses looking to move into Asia after joining its securities market as a clearing member.
Chew Sutat, head of sales and clients at SGX, said: “With its strong global client network and infrastructure, BNP Paribas Securities Services brings to the marketplace a wider choice of clearing and settlement services, supporting SGX’s position as the Asian Gateway.”
“This new development supports our stated strategy to expand our product suite in Asia Pacific and demonstrates our commitment to the region,” added Bruno Campenon, head of clearing, custody and settlement product management in Asia Pacific at BNP Paribas Securities Services. “We look forward to providing our innovative clearing services to market participants, while further promoting the Singapore market to our worldwide client base.”
There are now 27 clearing members in SGX’s securities market.
NO FEE, NO RISK 100% ON RETURNSIf you invest in only one asset servicing news source this
year, make sure it is your free subscription to Asset Servicing Times
Image: Shutterstock 