BNP Paribas selected by Arca Fondi SGR for clearing services
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BNP Paribas selected by Arca Fondi SGR for clearing services 16 July 2019Milan Reporter: Jenna Lomax
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BNP Paribas Securities Services has been selected by Arca Fondi SGR to provide its derivative clearing services.
BNP Paribas Securities Services will clear all derivatives transactions relating to Arca Fondi’s Italian-domiciled funds and Luxembourg SICAVs as well as transactions relating to its pension fund and asset management mandates.
Arca Fondi, based in Italy, has 100 distribution agencies and 8,000 branches globally.
Ugo Loser, CEO and general manager of Arca Fondi SGR, said: "Thanks to this new partnership, we have taken a further step forward in making our internal portfolio management processes even more efficient and in providing increasingly innovative solutions to our investors."
Stefano Catanzaro, general manager of BNP Paribas Securities Services Italy, commented: "We are delighted to have won this additional mandate from Arca Fondi and welcome the renewed trust of this important client with whom we share a strong focus on clients and operational efficiency.”
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