BNP Paribas Securities Services, in cooperation with BMCI, will provide its international clients with local clearing and custody and global corporate trust services in Morocco from the 1st of July 2009.
BMCI Securities Services will be headed up by Sylvie Nouri of BMCI, while Nadia Affane, who will relocate from BNP Paribas Securities Services Paris to BMCI, will manage sales and relationship management.
BMCI, which was created in 1977, is now a 66.21% owned subsidiary of the BNP Paribas Group and has been BNP Paribas Securities Services sub-custodian since 2004.