BNP Paribas’ securities services rose due to the increase in average assets, favourable market trends, the onboarding of new clients, and the increase in transaction volumes
BNP Paribas Securities Services has partnered with Northcape Capital to launch an automated FX solution to provide the latter with a new system for asset managers to manage FX transactions with multiple financial services providers
Isabelle Delorme (pictured), deputy CEO of ESES CSDs Euroclear France, Euroclear Belgium and Euroclear Nederland comments: “We are extremely pleased to have worked on this pioneering project with our industry partners and the Banque de France"
The COVID-19 pandemic acted as a “call to arms” for the post-trade industry to improve “cumbersome and outdated” technologies, according to Archie Stebbings, partner at management consulting firm Oliver Wyman
“Matt Bowen will lead the build-out of our US arranged financing proposition, to help grow our footprint with US institutional clients, connecting them to our global network," said Loic Lebrun
As part of the agreement, BNP will also provide Kempen Capital Management with custody depositary bank, fund accounting, regulatory reporting, collateral management and foreign exchange services
BNP Paribas Securities Services has won a mandate to provide Nationwide Building Society with triparty collateral management and global custody services for its non-UK assets