BNP Paribas Securities Services has begun offering post-trade services in Mexico, as the custodian continues to expand its operations in Latin America.
Through BNP Paribas Asset Management Mexico and Sociedad Operadora de Fondos de Inversion, the French bank began its operations in the country in March, providing daily accounting and valuations services, as well as tax pricing and regulatory reporting.
“With this new milestone, we are now able to offer our institutional clients a more complete pan-Americas fund services solution,” said Francisco Hernandez, country head for Mexico, BNP Paribas.
In December last year, BNP Paribas obtained approval from the Mexican Banking and Securities Commission to incorporate as a local bank in Mexico, which will enable it to further expand its product offering to include global markets.
The Mexico office joins Brazil, Chile, Colombia, Peru and the US as the seventh country in the Americas where BNP Paribas Securities Services has a local presence.
“This opening is one more step in expanding our LatAm presence and highlights the strength of our offering in the region, as we continue to leverage our global and multi-local expertise around the world,” added Claudia Calderon, head of Hispanic LatAm at BNP Paribas Securities Services.