BNP Paribas selected by Cypriot financial services provider for global custody

Cypriot financial services firm selects French bank for fund services and custody.

By Jonathan Watkins

BNP Paribas Securities Services has won a global custody mandate from Cypriot financial services firm T.C.R International.

The firm cited the custodian’s ‘extensive global network’ as a reason for selection.

The announcement follows two custody mandate wins for the French bank in December as it signed up CMC Markets and Fineco Asset Management.

As part of the agreement with T.C.R. International, BNP Paribas will also provide a range of fund services.