BNP Paribas wins global custody mandate from CMC Markets
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BNP Paribas wins global custody mandate from CMC Markets 13 December 2018London Reporter: Maddie Saghir
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CMC Markets Stockbroking (CMC Markets) has chosen BNP Paribas Securities Services to provide settlement and custody services.
BNP Paribas Securities Services will provide services for international equities, exchange-traded funds, depository receipts and closed-end funds initially across 11 countries.
According to BNP Paribas, CMC Markets’s customers will benefit from greater access to international markets.
Additionally, BNP Paribas’s flexible account structure, competitive securities settlement and corporate actions deadlines and real-time information and reporting services will also help CMC Markets enhance operational efficiency.
Luc Renard, head of financial intermediaries and corporates at BNP Paribas Securities Services, Asia Pacific, said: “We are pleased to have been appointed by CMC Markets. This is a prestigious new mandate which will consolidate our position as a leading custodian in Australia.”
“Thanks to our global and multi-local model, CMC Markets will benefit from BNP Paribas’ investment in digital innovation, combined with our local market expertise and client support. This will help develop their access to global markets and deliver operational efficiency gains.”
Andy Rogers, head of stockbroking at CMC, Australia, commented: “We are delighted to partner with BNP Paribas, a leading global banking provider, to offer CMC Markets customers even greater assurances when it comes to investing and trading.”
“The mandate is an enterprise grade solution that both enhances operational efficiencies and enables us to expand our market-leading solution, facilitating customers’ access to the US market, as well as major European and Asian markets.”
“This makes our platform even more compelling for traders and investors, who are consistently seeking greater access to international markets and diversity in their portfolios.”
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