BNP Paribas Securities Services has been mandated as master custody provider by three UK-based pension schemes of ATOS Origin with total assets under management of 685 million.
ATOS Origin is an international IT services provider offering large multi-national clients integrated design as well as building and operating solutions in carefully targeted industry sectors. The mandate is BNP Paribas Securities Services first direct UK pension fund client.
The trustee of our UK-based pension schemes went to market to find a service partner to provide custody solutions and I am glad to see that BNP Paribas represented the most convincing and comprehensive offer to suit their specific requirements, says Michel-Alain Proch, Group CFO of ATOS Origin. We are delighted that the trustee has decided to be partnered with a financially robust company with the spread of solutions to address increased monitoring imperatives.
James McAleenan, head of BNP Paribas Securities Services, UK, Middle East and South Africa, adds: We have been committed to the pension fund segment across Europe for many years and are delighted to have signed such a key name which is a first for us in the UK market.