Home   News   Features   Interviews   Magazine Archive   Industry Awards  
Subscribe
Securites Lending Times logo
Leading the Way,

Global Asset Servicing News and Commentary.
≔ Menu
Securites Lending Times logo
Leading the Way,

Global Asset Servicing News and Commentary.
News by section
Subscribe
⨂ Close
  1. Home
  2. Latest news
  3. BNP Paribas aims for €2 billion+ revenue
Latest news
BNP Paribas aims for €2 billion+ revenue
25 April 2017 Paris
Reporter: Mark Dugdale

Image: Shutterstock
BNP Paribas is aiming to increase its revenue from securities services to €2.2 billion by 2020.

The French custody bank revealed the aim as part of its recent investor day, with a list of expanded service offerings proposed.

Securities services revenue at BNP Paribas has increased from €1.4 billion in 2013 to €1.8 billion last year.

BNP Paribas is aiming to offer joint global markets and securities services solutions for institutional clients in a bid to boost revenues, as well as offer multi-asset outsourcing to the sell and the buy sides, and leverage digital technology to increase client value.

It also wants to expand its footprint in China and the US, where it was recently selected as the local custodian for Raiffeisen Bank International’s $3.2 billion domestic portfolio.

Stefan Wallner, head of network management at Raiffeisen Bank International, said of the mandate: “BNP Paribas Securities Services’s international presence and global operating model were key to our decision to appoint them as our local US custodian.”

He added: “We were also impressed with the quality of BNP Paribas’s corporate actions services and the expertise and commitment of the team.”
Next latest article →

Sharing is caring is cyber crime combat
NO FEE, NO RISK
100% ON RETURNS If you invest in only one securities finance news source this year, make sure it is your free subscription to Securities Finance Times