BNP Paribas Receives Mandate For Fidelity Savings Plan Funds

Fidelity has chosen BNP Paribas Securities Services as the sole custodian, depo-bank and fund administrator for its new range of employee savings plan funds in France
By None

Fidelity has chosen BNP Paribas Securities Services (‘BNP Paribas’) as the sole custodian, depo-bank and fund administrator for its new range of employee savings plan funds in France.

This mandate strengthens BNP Paribas’ longstanding relationship with Fidelity, which has been established for over ten years. BNP Paribas already administers over 400 similar employee savings plans representing over EUR 20 billion of assets already under administration, making it a perfect fit for Fidelity’s business needs. This new mandate again reinforces the Bank’s strategy to assist with the growing needs of pension funds and the retirement and savings sector in France and across Europe.

D.C.

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