As part of this mandate to service Provinzial Asset Management’s entire investment fund portfolio, BNP Paribas Securities Services, as the global custodian, will provide investment services throughout the investment process
This partnership arrives as the Sustainable Finance Disclosure Regulation comes into force in 2021, requiring asset managers to disclose the ESG risks in their portfolios for the first time
As part of this mandate, BNP Paribas will provide a range of fund services including global custody, fund administration, trustee, transfer agent and participating dealer
The agreement allows Scotiabank to leverage BNP Paribas Securities Services’s expertise across asset classes, extensive proprietary network and knowledge of European markets
The pan-European instant payment infrastructure system now counts six participants based in Belgium: Aion SA, BNP Paribas Fortis, Belfius, CBC Banque, ING Belgium and KBC Bank
BNP Paribas reported its securities services revenues came in at €2.2 billion for Q4 2020, an increase of the €544 million total in the bank’s Q3 financial results