BNP Paribas Securities Services, has been selected to provide derivative clearing services to Arca Fondi, one of Italy’s top five asset managers.
As part of the mandate, BNP Paribas Securities Services will clear all derivatives transactions relating to Arca Fondi’s Italian-domiciled funds and Luxembourg SICAVs, as well as transactions relating to its pension fund and asset management mandates, representing a total of €32 billion in assets.
Arca Fondi is one of the leading asset management companies in Italy with 100 distribution agencies, 8,000 branches and a large network of financial promoters and online channels.
“Thanks to this new partnership, we have taken a further step forward in making our internal portfolio management processes even more efficient and in providing increasingly innovative solutions to our investors,” said Ugo Loser, CEO and general manager, Arca Fondi.
BNP Paribas Securities Services has emerged as a leading derivatives clearing provider in Italy, having won a number of clearing and collateral management mandates over the years
Stefano Catanzaro, general manager of BNP Paribas Securities Services Italy, added: “We are delighted to have won this additional mandate from Arca Fondi and welcome the renewed trust of this important client with whom we share a strong focus on clients and operational efficiency.”