BNP Paribas Securities Services has opened its new premises in the Isle of Man.
The building was officially inaugurated yesterday evening by the Honourable Tony Brown MHK, the Isle of Man chief minister, and by Michel Laurent, head of Global Network and Strategy at BNP Paribas Securities Services, and gathered more than 100 invitees from the market place.
The opening, which is just a year on from the bank’s acquisition of RBS International’s securities services business, will bring all of BNP Paribas’ Isle of Man teams together in dedicated BNP Paribas offices. The IT infrastructure in place is state-of-the art and will allow for a smooth transition to the BNP Paribas platforms later in the year, providing clients with an efficient, reliable and secure service. The office is in a prime location in Douglas.
BNP Paribas in the Isle of Man offers a range of services to a variety of mainstream, vanilla and alternative funds, including corporate trust, settlement, custody, banking and treasury services.
“We are delighted to announce the official opening of our offices, completed in just six months. These new offices reflect our commitment to servicing our clients’ investment strategies where a presence both onshore and offshore is becoming increasingly key to success. This is a momentous day that now gives BNP Paribas Securities Services true visibility in the Isle of Man, as well as providing an enjoyable working environment for our teams. This is another very positive message to our clients and staff,” says Severine Mangin, CEO, BNP Paribas Securities Services UK offshore markets.
“At BNP Paribas Securities Services the closer, the better is not only our motto, it is our philosophy. In all countries where we are present, which today totals 25 across the globe, we bring together local expertise and global systems. Representing our clients’ interests locally is key to our strategy to serve their investment strategies globally,” adds Laurent.