Caisse des Dépôts extends BNP Paribas mandate 03 July 2013London Reporter: Jenna Jones
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Caisse des Dépôts has extended its custody account keeping mandate with BNP Paribas Securities Services, which began in April 2012 following the call to tender issued by Caisse des Dépôts.
After a year-long joint project, a number of services were launched within the scheduled time frame. These included the delegation of custody and assistance with monitoring UCITS for which the Caisse des Dépôts is the custodian, issuance management, and settlement of listed derivatives.
Patrick Colle, CEO at BNP Paribas Securities Services, said: "We have completed a year of strong and close collaboration with the Caisse des Dépôts, which will provide the foundation for a long-term partnership. One of the major goals of this partnership is to guarantee the security of the CDC's holdings, as well as those of its clients."
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