BNP Paribas help Investec expand in Asia 29 May 2013London and Hong Kong Reporter: Jenna Jones
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Investec has mandated BNP Paribas Securities Services to expand their business in the Asia-Pacific region.
Following the launch of trading operations earlier this year, Investec have begun Asian market activities using BNP Paribas’ third party clearing and settlement platforms in Hong Kong.
In a recent statement BNP Paribas explained that Investec has chosen them to help simplify the rollout of their operations in the region and establish cost efficient footprints in Asia.
Barnaby Nelson, head of bank, broker and issuer client development for BNP Paribas Securities Services in Asia, said: “We’ve worked extremely hard to build a high quality clearing platform for global brokers in Asia and this demonstrates that we have what our international partners need in the Asia-Pacific region.”
Trevor Gatfield, head of securities operations at Investec, said: “Our clients have brought us to Asia and BNP Paribas has been there to accompany us as we’ve extended our global model in Hong Kong.”
“Having a single international partner has made our expansion so much easier and it has left us free to focus entirely on delivering what our customers want from us here.”
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