BNP Paribas Securities Services has been mandated by Teslin Capital Management to provide tailored investment and fund administration, depot bank and global custody services for its €1.2 billion global assets.
Teslin Capital Management is a long-term investor focused on small and midcaps in the Netherlands and other European capital markets.
The mandate follows a number of other deals for the French headquartered bank in Europe during recent months after agreements with the likes of Fondo di Previdenza Mario Negri and Caisse des Dépôts.
Mark Schilstra, country head at BNP Paribas Securities Services in The Netherlands and The Nordics, said: “We are delighted that Teslin Capital Management have chosen us as their new asset services provider in the Dutch market. This mandate win highlights our strong position in the Netherlands and ability to offer front-to-back solutions tailored to our clients’ needs.”
BNP Paribas Securities Services held €11.9 trillion in assets under custody at the end of Q1, placing it very close to asset servicing rivals HSBC and Northern Trust in Global Custodian’s league tables.