BNP Paribas Securities Services has been selected by Prudential Capital to provide administration and custody services in the UK. Prudential Capital, which is a business unit of Prudential, has three core businesses in the UK; Principal Finance, Group Treasury and Wholesale Markets.
Richard Monnington, of Prudential Capital said: We are impressed with BNP Paribas breadth of services, flexibility in structuring the offering and general financial strength.”
Stephen Turner, Head of Investor Solutions UK, BNP Paribas Securities Services commented: After an eventful and unpredictable year in the financial markets, we are very pleased to have won this prestigious mandate, particularly given the difficult economic climate. The key drivers in winning this important client were our flexibility and our broad range of solutions. We are very much looking forward to supporting Prudential Capital and contributing to their continued success. Signing the Prudential Capital mandate also further emphasises our growth and commitment to the institutional investor segment.