BNP Paribas to provide depositary services for Cobas Asset Management
Cobas Asset Management has selected BNP Paribas’ Securities Services business to provide depositary services for its investment funds and pension plans. BNP Paribas' Securities Services will act as a depository bank for all of the Spanish investment fund manager’s collective investment vehicles. These include six investment funds, one investment company with variable capital (SICAV) and three pension funds. These represent a combined €2 billion in assets.