BNP Paribas and Natixis announce today the signature of a memorandum of agreement for the acquisition of a minority stake of 33.4 percent in the capital of SLIB by BNP Paribas.
SLIB is currently a 100 percent subsidiary of Natixis, part of the ‘Services’ core business. A contractor referenced by Euronext and LCH Clearnet SA, the company specialises in securities services and offers its clients solutions in negotiation, clearing, settlement and custody activities in France and abroad.
SLIB publishes software and Application Service Provider packages, supplying services of information management application and support engineering.
“Cooperating with SLIB will enable us to expand our services range, particularly in the fields of back-office outsourcing to financial intermediaries and clearing risk management,” says Alain Pochet, Head of Banking Operations for the securities services division of BNP Paribas.
Philippe Dupuis, Executive Chairman, adds: “This agreement will contribute to enriching and creating new offers and will boost international expansion.”