BNP Paribas Securities Services’ has won a mandate from brokerage and trading service provider Convergex to provide custody and settlement services to Europe and Asia.
Already providing custody and settlement services in Greece, Poland, Turkey and the UK for Convergex, BNP Paribas will now extend this mandate to a further 22 countries in European and Asian markets.
“We have been working with BNP Paribas Securities Services for five years and have been impressed with the commitment shown by the teams,” said Phil Gough, CEO of Convergex Limited.
Julien Kasparian, UK head of sales and relationship management for banks and brokers at BNP Paribas Securities Services said, “This deal demonstrates the trust our existing clients have in our capabilities, the strength of our value proposition for custody and settlement and the depth of the products we offer our bank and broker partners.”
“The fact we are extending the service we provide to Convergex to a further 22 countries, also demonstrates the importance of our extensive global network,“ he added.