UK custody win for BNP Paribas 12 February 2016London Reporter: Stephanie Palmer
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BNP Paribas Securities Services has been selected as UK clearing and custody provider for Nationwide Building Society.
Nationwide chose BNP Paribas Securities Services to provide safekeeping services for £12.7 billion of gilt assets in the UK.
Mark Harvey, head of treasury operations at Nationwide Building Society, said: “We are delighted to be working with BNP Paribas Securities Services as we look to enhance operational efficiency and increase straight through processing. Throughout the process I have been impressed with the commitment and engagement of BNP Paribas Securities teams.”
Julien Kasparian, UK head of sales and relationship management for banks and brokers at BNP Paribas Securities Services, added: “Our operations scale in the UK, expertise and ability to provide the necessary infrastructure quickly were key to winning this mandate. We look forward to developing our relationship with Nationwide further.”
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