S.D. Indeval selects BNP Paribas for custody services
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S.D. Indeval selects BNP Paribas for custody services 19 December 2018New York Reporter: Maddie Saghir
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S.D. Indeval has selected BNP Paribas Security Services’s New York branch to serve as global custodian for a portion of its assets on European and global markets and as a secondary provider on the US and Canadian markets.
BNP Paribas explained that this is a “strategic mandate” for the firm in the Americas.
Claudia Calderon, head of Hispanic Latin America for BNP Paribas Securities Services, commented: “We are delighted to have been selected by S.D. Indeval who will benefit from our wide network around the world, our global and multi-local expertise, and our commitment to client service.”
Roberto Gonzalez Barrera, CEO of S.D. Indeval, added: "We are very pleased to have selected BNP Paribas as our custody provider for European and global markets.”
“We count on their expertise to further develop our capabilities to access foreign markets. BNP Paribas will also act as a secondary provider for the US and Canadian markets, a critical element on our risk management strategy.”
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